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Economy


Over 50 nations request US trade talks after tariffs

More than 50 countries have reached out to the White House seeking to open trade negotiations following President Donald Trump’s sweeping tariffs, according to senior administration officials. The newly imposed tariffs, which wiped nearly $6 trillion off US stock markets last week and shook global......

Global markets slide as Trump defends tariffs as economic remedy

Global financial markets have plunged as US President Donald Trump intensified his defense of broad new tariffs, describing them as necessary "medicine" despite triggering widespread investor panic and massive sell-offs. Speaking aboard Air Force One, Trump said although he doesn’t wish......

Gold prices surge as Middle East tensions escalate

Gold prices reached new heights on Tuesday morning, driven by a resurgence of violence in the Middle East. Tariffs imposed by Washington, along with retaliatory measures from affected countries, have dampened investor enthusiasm, prompting a shift towards safe-haven assets. Shortly after 9:20 AM, gold......

Jordan’s king Abdullah and Trump discuss Gaza amid controversy

Jordan’s King Abdullah II became the first Arab leader to meet with U.S. President Donald Trump at the White House since the start of Trump's second term on January 20. However, the meeting placed Abdullah in a challenging position, given the strong historical ties between Jordan and the U.S.......

Challenging the Global Order: The Pursuit of Economic Independence in a Dollar-Dominated World

In an increasingly interconnected global economy, a growing number of nations are questioning the current international order and seeking alternatives to U.S. dollar dominance. This shift in perspective is not merely about economic policy; it represents a fundamental challenge to the existing power structures......

Morocco's Automotive Industry: A New Chapter in Israel-Morocco Relations

In a significant development, Israel has commenced importing Moroccan-made cars, marking a pivotal moment in the economic relationship between the two nations. This move comes amidst a Turkish embargo, which has created an opportunity for Morocco to showcase its automotive prowess and establish itself......

Coca-Cola and PepsiCo Face Declining Popularity Amid Boycotts in Muslim Countries

In a significant shift in consumer behavior, Coca-Cola and PepsiCo are experiencing a notable decline in sales across Muslim-majority countries, largely attributed to ongoing boycotts linked to the Israel-Gaza conflict. The backlash against these iconic American brands has opened doors for local soda......

Unprecedented Surge: Moroccan-Israeli Trade Thrives Amid Gaza Conflict

In a remarkable development, trade between Morocco and Israel has skyrocketed in 2024, reaching unprecedented levels despite the ongoing conflict in Gaza. This economic boom, facilitated by the 2020 Abraham Accords, has sparked critical debates about the implications of deepening economic ties amidst......

Barclays Considered Exiting Israeli Bond Auctions

Barclays, one of seven foreign lenders assisting the Israeli government in selling debt, has reaffirmed its commitment to participating in Israeli government bond auctions. This decision follows reports that the bank had considered withdrawing from these auctions in response to pressure from pro-Palestinian......

Starbucks Chief Executive Resigns Amidst Declining Sales and Rising Boycotts

In a significant shake-up at the helm of one of the world's most recognizable coffee chains, Starbucks has announced the departure of its Chief Executive Officer after less than two years in the position. This sudden change comes amid a backdrop of declining sales and a global customer boycott linked......

McDonald’s in Morocco: A 35% Customer Decline Amid Boycotts and Global Sales Slump

In a striking development, McDonald’s outlets in Morocco have witnessed a dramatic 35% decline in customer visits over the past eight months, according to sources cited by local media. This significant drop underscores the multifaceted challenges the fast-food chain is currently grappling with,......

Unprecedented Economic Ties: Israel-Morocco Trade Flourishes Amid Regional Tensions

In a striking display of economic resilience, trade between Israel and Morocco has experienced a remarkable surge, defying regional political tensions and public sentiment. Recent data from the Abraham Accords Institute reveals a 64% increase in bilateral trade during the first five months of 2024, reaching......

Energean Streamlines Global Operations to Zero In on Morocco

London-based Energean PLC divests Egyptian, Italian, and Croatian portfolios in a $945 million deal, aiming to sharpen its focus on Moroccan assets. In a strategic move poised to reshape its global footprint, Energean PLC, headquartered in London, has announced the sale of its portfolios in Egypt, Italy,......