German chancellor Merz tours Gulf to diversify from US LNG dependence

Europe's reliance on liquefied natural gas from the United States and Russia surged to nearly 80 percent in January 2026, per Kpler analytics data, alarming European officials over the bloc's failure to diversify suppliers despite years of post-Ukraine invasion efforts. The United States accounted......

Arab gasoline prices show wide disparities in February 2026

Gasoline prices across Arab countries in February 2026 displayed significant variations, with Jordan leading the region in highest fuel costs at $1.460 per liter, followed closely by Morocco at $1.324 per liter. Countries such as Syria and Tunisia recorded prices near $0.90 per liter, reflecting moderate......

China leads world's largest foreign currency reserve holders

China holds the top position among nations with the largest foreign exchange reserves, according to recent data from global financial rankings. The country boasts reserves exceeding $3 trillion, a figure that significantly outpaces its closest competitors and underscores its economic dominance on the......

The world’s largest economies in 2026 by nominal GDP

Global economic power in 2026 remains highly concentrated, with a handful of countries accounting for a large share of worldwide output. According to international economic projections, total global gross domestic product (GDP) is expected to reach approximately 123.6 trillion dollars, reflecting steady......

Android dominates Arab smartphone markets amid economic divides

Recent data highlights Android's continued dominance over iPhone in smartphone markets across Arab countries, with notable variations between nations. In conflict-affected areas, Android's market share exceeds 90 percent, while affluent Gulf states exhibit stronger iPhone adoption. This divergence......

Morocco and Saudi Arabia sign renewable energy cooperation pact

Morocco and Saudi Arabia have formalized an executive program to deepen their partnership in renewable energies and energy efficiency. This agreement builds on recent discussions held in Riyadh during the International Mining Conference from January 13 to 15, 2026. The initiative targets the advancement......

China-led digital currency network hits $55 billion in transactions

The China-led mBridge digital currency platform has processed over $55 billion in cross-border transactions, according to a fresh Atlantic Council report. This marks a 2,500-fold increase in volume since the project's 2022 launch, highlighting surging momentum for alternatives to dollar-dependent......

Oil falls to four year low as global glut deepens

Oil prices have dropped to their lowest level in nearly four years, with Brent trading around 61 dollars a barrel on 6 January 2026, capping a historic slide driven by one of the largest supply surpluses in two decades. The December 2025 monthly average of 63 dollars a barrel was the weakest since early......

Yuan strengthens as China advances digital currency expansion

The Chinese yuan exceeded the key threshold of 7 per dollar for the first time since September 2024, signaling renewed confidence in the nation’s currency strategy. The offshore yuan reached 6.9985 against the U.S. dollar on Thursday after the People’s Bank of China (PBOC) set its daily midpoint......

Morocco showcases two decades of industrial progress at UN conference in Saudi Arabia

Morocco’s Industry Minister, Ryad Mezzour, highlighted the country’s remarkable industrial transformation over the last 20 years at the 21st UN Industrial Development Organization (UNIDO) conference held yesterday in Riyadh, Saudi Arabia. His address underscored Morocco’s advancements......

Saudi Arabia's Tadawul index sees slight gains, closed at 11,098

Saudi Arabia's Tadawul All Share Index experienced a modest increase on Tuesday, climbing by 47.67 points, or 0.43 percent, to close at 11,098.80. The overall trading volume reached SR4.32 billion (approximately $1.15 billion), with 120 stocks advancing while 132 saw declines. The MSCI Tadawul Index......

Saudi Arabia and US deepen economic ties with focus on tech and energy

Economic cooperation between Saudi Arabia and the United States is expanding across diverse sectors, including traditional and renewable energy, advanced technology, artificial intelligence, and cloud computing. This partnership aims to drive growth and investment, with deepening coordination in cybersecurity,......

Morocco solidifies position as top Arab destination for renewable energy investment

Morocco has emerged as one of the leading markets for renewable energy investment in the Arab region, according to a recent report by the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The study, which spans the period from 2003 to 2024, highlights the country's consistent performance......

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