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Economy


Asian markets struggle despite trade truce between Trump and Xi

Asian stock markets faced mixed outcomes on Friday, highlighting investor skepticism over the limited scope of a recently announced trade truce between the United States and China. Concerns about slowing global economic growth overshadowed the diplomatic breakthrough. Mixed performance across Asian......

Goldman Sachs CEO warns of looming debt reckoning for the United States

The United States is facing a potential economic reckoning as its national debt surpasses an unprecedented $38 trillion, according to warnings from David Solomon, CEO of Goldman Sachs. Speaking at the Economic Club of Washington, Solomon emphasized the critical need for sustained economic growth to address......

Morocco accelerates growth in transport and logistics sectors ahead of global events

Morocco is witnessing significant progress in its transport and logistics sectors, with state operators reporting steady revenue increases driven by strategic investments and growing demand. These developments come as the country prepares to host major sporting events, including the Africa Cup of Nations......

G7 forms alliance on critical minerals to challenge China's dominance

The Group of Seven nations has unveiled a landmark alliance aimed at bolstering the production of critical minerals, a move described by Canadian Energy Minister Tim Hodgson as a pivotal shift in efforts to lessen Western reliance on China's grip over resources vital for modern technology. Revealed......

Spain confirms feasibility of €8.5 billion Morocco-Europe tunnel

A Spanish government study has confirmed the technical feasibility of constructing a tunnel linking Morocco and Spain, marking a significant step forward for the ambitious €8.5 billion project. This cross-continental railway link, which would span approximately 65 kilometers, has been under discussion......

Mills federation rejects MP Touizi’s ‘grinding paper’ claim as figure of speech sparks controversy

Moroccan MP Ahmed Touizi faced backlash this week after alleging in parliament that some companies “grind paper and present it as subsidized flour,” prompting the National Federation of Mills to strongly refute his claims. Touizi, leader of the Authenticity and Modernity Party (PAM), made......

Rabat to host inaugural Arab-African summit on non-profit financing

Rabat is set to host the first Arab-African Summit on Non-Profit Financing on November 20, marking a groundbreaking step in fostering solidarity and cooperation between Africa and the Arab world. The event, organized by EPIK Leaders, seeks to redefine financial strategies for social impact in response......

US official highlights investment opportunities in Morocco’s Sahara

Morocco’s Sahara region is emerging as a hub for American investment, with significant opportunities across key sectors, according to Gerard Philippeaux, Executive Director of the International Trade Coalition of Miami-Dade County. Speaking after a meeting with a Moroccan economic delegation in......

Morocco strengthens automotive sector with Renault partnership expansion

Morocco’s Prime Minister Aziz Akhannouch met with François Provost, CEO of Renault Group, on October 29, 2025, in Rabat. Joined by Morocco’s Minister of Industry and Trade, Riyad Mezzour, the meeting underscored the country’s commitment to bolstering its automotive sector and......

Morocco’s housing aid program benefits over 71,000 citizens

More than 71,000 Moroccans have benefited from Morocco’s direct housing aid program since its launch, according to Fatima Ezzahra El Mansouri, the Minister of Urban Planning. Speaking before the House of Representatives on Monday, El Mansouri highlighted the program’s growing success and......

Morocco ranks among Africa’s top 5 investment destinations, says RMB report

Morocco remains one of Africa’s most attractive investment destinations, according to the Where to Invest in Africa 2025/26 report released by South Africa’s Rand Merchant Bank (RMB) on Monday. The North African nation secured a spot in the continent’s top five economies for investors,......

Saudi Arabia navigates delicate ties as US sanctions test OPEC+ unity

Saudi Arabia is facing a critical diplomatic balancing act as escalating US sanctions on Russia's oil industry strain the fragile cohesion of the OPEC+ alliance. This comes just weeks ahead of a crucial White House meeting between Saudi Crown Prince Mohammed bin Salman and US President Donald Trump,......

SoFi reports record Q3 revenue and raises full-year outlook

SoFi Technologies delivered exceptional third-quarter 2025 results, posting a record adjusted net revenue of $950 million, far exceeding analysts’ expectations. The fintech company also raised its full-year guidance for the second time this year, reflecting strong momentum in digital banking as......