Gulf states accelerate overseas renewable investments amid Hormuz crisis
As military tensions around the Strait of Hormuz entered a third month, Gulf oil-producing states intensified investments in renewable energy projects abroad. The move reflects growing efforts to reduce exposure to disruptions that have constrained hydrocarbon exports and reshaped energy priorities across the region. Abu Dhabi has been at......
Venezuela oil exports rise to 1.25 million barrels daily in May
Venezuela’s crude oil and fuel exports climbed to 1.25 million barrels per day in May, marking a third consecutive monthly increase. The growth reflects a steady recovery in the country’s energy sector as international buyers expand purchases of Venezuelan crude despite ongoing political and logistical shifts affecting global supply......
Qualcomm welcomes Nvidia entry into Arm laptop PC market
Qualcomm signaled confidence in the face of Nvidia’s arrival in the Windows on Arm laptop space during Computex 2026 in Taipei. Kedar Kondap, senior vice president and general manager of Qualcomm’s Compute and Gaming division, reacted to Nvidia’s newly unveiled RTX Spark with a brief statement: “Welcome to the family.”......
World prepares as El Niño conditions strengthen in Pacific
El Niño conditions are developing across the tropical Pacific Ocean, with meteorological agencies warning of a high probability of a sustained event forming in the coming months. The emerging pattern signals a shift in sea surface temperatures and atmospheric circulation that can influence weather systems across multiple continents. Forecast......
Jtekt includes Morocco plant in European asset sale deal
Japanese automotive supplier Jtekt has agreed to transfer several of its European-facing operations, including a manufacturing site in Morocco, as part of a broader restructuring of its international business portfolio. The transaction forms part of a share transfer agreement with an investment entity linked to the German-based DUBAG Group......
Morocco tourism revenues reach $4.83bn first months of 2026
Morocco recorded tourism revenues of MAD 44.39 billion, equivalent to $4.83 billion, during the first four months of 2026. The figure shows a 21.2 percent increase compared with the same period in 2025, reflecting sustained growth in the country’s travel sector. Travel spending also increased over the same period. Expenditures reached......
Mustapha Lahboubi appointed head of CDG savings and providence division
Morocco’s Deposit and Management Fund has appointed Mustapha Lahboubi as head of its Savings and Providence division, a central unit responsible for managing key national retirement and regulated savings schemes. The appointment took effect on June 1 and marks a leadership change within one of the country’s most strategic public......
Diaspora remittances reach $4 billion in early 2026
Remittances from Moroccans living abroad reached MAD 39.98 billion, about $4 billion, by the end of April 2026. The figure marks a 9.8% increase compared with MAD 36.43 billion recorded during the same period in 2025. The rise adds MAD 3.55 billion in additional inflows over one year. It reflects stronger transfers from the Moroccan diaspora......
Rabat hospitality summit underscores Morocco’s tourism expansion drive
Rabat will host the sixth Hospitality Innovation Summit organized by GBB on June 10 and 11, bringing together leading figures from the regional and international hospitality industry as Morocco accelerates preparations for major global events, including the 2030 FIFA World Cup. The invitation-only gathering will take place at the Four Seasons......
Morocco trade deficit widens to 13.7 billion despite export growth
Morocco’s trade deficit widened sharply during the first four months of 2026, reaching MAD 127.04 billion, or about $13.7 billion, according to official foreign trade figures. The increase marks an 18.4 percent rise compared with the same period in the previous year. The gap reflects a faster expansion in imports than in exports, despite......
Analysts warn OPEC+ disruptions in Hormuz to last through 2026
Oil market analysts and consultants meeting at OPEC headquarters in Vienna warned that supply disruptions caused by the closure of the Strait of Hormuz are likely to persist until the end of 2026, even if maritime traffic resumes in the near term. The assessment reflects the scale of the ongoing energy shock linked to restricted flows through......
South Korea overtakes India to become sixth-largest stock market
South Korea has overtaken India to become the world’s sixth-largest equity market by total market capitalization, marking a rapid shift in global financial rankings driven by the artificial intelligence boom and surging demand for semiconductor technologies. The combined market value of listed South Korean companies has risen sharply......
AI-driven rally pushes global markets to record highs amid Iran tensions
Global equity markets reached fresh record highs as artificial intelligence driven stocks extended a powerful rally that overshadowed rising geopolitical tensions in the Middle East. Gains in major indices continued even as Iran suspended negotiations with the United States following escalating regional conflict linked to Israeli military......
Massive Attack turns 2026 world tour into anti-surveillance critique of Palantir
British trip-hop group Massive Attack has transformed its 2026 world tour into a sustained critique of Palantir Technologies, the data analytics company co-founded by billionaire Peter Thiel. Concert visuals across the tour highlight the company’s government and military contracts and draw attention to Thiel’s political views,......
Russian strike sets Kyiv residential buildings ablaze
A large-scale Russian aerial assault struck Kyiv early Tuesday, igniting residential buildings, damaging civilian infrastructure and forcing thousands of residents to seek shelter in metro stations and underground bunkers. The attack came days after Moscow warned it would begin carrying out systematic strikes against military-related targets......