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Economy


Markets certain Bank of England will cut interest rates next month

Financial markets now fully anticipate that the Bank of England will lower interest rates in May, driven by the evolving global economic impact of Donald Trump’s trade policies. On Tuesday, LSEG data initially showed an 82% probability of a rate cut from 4.5% to 4.25% on 8 May. However, that probability......

Trump Softens Stance on Fed Chair Powell amid Market Rally

President Donald Trump has stepped back from his previous threats to remove Jerome Powell as Chair of the Federal Reserve. His earlier criticism of Powell, particularly regarding interest rate decisions, had caused significant turbulence in financial markets. However, Trump clarified to reporters at......

Gold soars past 3500 dollars amid trade turmoil and Fed tensions

For the first time in history, the price of gold surged above $3,500 per ounce on Tuesday, driven by escalating trade tensions and growing friction between former President Donald Trump and the Federal Reserve's chair, which also led to a sharp decline on Wall Street. At 7:30 GMT, the precious metal......

Nigeria and Morocco forge energy partnership to secure $10 billion investment

Nigeria and Morocco are intensifying their collaboration to strengthen bilateral relations, particularly in the energy sector. The Kano state government has set its sights on attracting over $10 billion in investments from Morocco over the next five years, with a focus on renewable energy and the development......

Morocco Launches $2.8 Billion Airport Development Plan Under Vision 2030

Morocco has launched a comprehensive airport modernization program worth 28 billion dirhams as part of its "Airports 2030" vision, announced Minister of Transport and Logistics Abdessamad Kayouh during a parliamentary session in Rabat. The initiative centers on building a new international......

Moroccan dirham strengthens against dollar as market stability returns

The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......

Foreign property purchases in Spain: Record highs despite government restrictions

The Spanish real estate market continues to attract foreign buyers, even as the government implements measures to limit their participation. Recent legislation, including the elimination of the golden visa scheme and discussions of a supertax on non-resident non-EU property buyers, aims to curb the soaring......

How to avoid rental scams in Spain: Essential tips for newcomers

Finding a place to live in a new country can be daunting, especially when faced with the risk of fraud. In Spain, the current housing crisis has intensified competition for rental properties, making it vital for newcomers to be vigilant against scams. With many foreigners entering the market, scammers......

Morocco's IFTL Institute partners with battery pioneer for electric vehicle training

Morocco’s Institute for Transport and Logistics Training (IFTL) has entered into a significant partnership with renowned researcher Professor Rachid Yazami to establish a specialized training program focused on electric vehicle batteries. This initiative is a key component of Morocco’s broader......

Atlantic Re: A New Identity for Enhanced Regional Ambitions

Casablanca, April 17, 2025 – The Société Centrale de Réassurance (SCR) has reached a pivotal milestone by adopting a new identity: Atlantic Re. This transformation is part of a strategic shift aimed at solidifying national leadership while accelerating regional expansion. A......

China issues warning against trade deals with the U.S. at its expense

On April 21, China accused the U.S. of misusing tariffs and cautioned countries against entering trade deals with the United States that would harm China's interests. This statement escalates tensions in the ongoing trade war between the two largest global economies. China's Ministry of Commerce......

Kano and Morocco seal $10 billion partnership in energy and natural resources

The Nigerian state of Kano has initiated a strategic financial framework with Morocco, aiming to attract over $10 billion in direct investments over the next five years. This collaboration will focus on renewable energy, structured agriculture, and mining development, following a high-level visit by......

Morocco leads Africa and Arab world in intellectual property protection

Morocco has reaffirmed its position as the foremost country in Africa and the Arab world for intellectual property (IP) protection and innovation, ranking 22nd globally in the 2025 International IP Index with a score of 59.21. This represents a slight decline from its 2024 score of 62.76 out of 100. The......