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Keywords: Assets


UK government threatens legal action over Abramovich's Chelsea sale proceeds

The UK government has announced its intention to pursue legal action against former Chelsea Football Club owner Roman Abramovich to ensure that the £2.5 billion from the sale of the club is used for humanitarian aid in Ukraine. The sale proceeds have been frozen in a UK bank account since Abramovich......

Gold Hits Record High Amid U.S. Tariff Concerns

Gold prices surged to an all-time high on Tuesday as investors turned to safe-haven assets amid growing fears over new U.S. tariffs. Spot gold rose 0.6% to $3,143.05 per ounce after reaching a record $3,148.88 earlier in the session. Meanwhile, U.S. gold futures climbed 0.6% to $3,169.50. The metal......

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......

Morocco’s crypto boom: 6 million citizens embrace digital currencies

The allure of cryptocurrency is spreading rapidly in Morocco, with 6 million individuals—approximately 16% of the population—owning digital assets as of 2024, according to data from French broker HelloSafe. This marks a staggering 60% increase over the past five years, with 2.5 million new......

Moroccan currency shows slight movement against major currencies

The Moroccan dirham experienced a minor depreciation of 0.2% against both the Euro and US dollar during the period of January 30 to February 5, according to Bank Al-Maghrib (BAM). This modest decline follows a period of exchange rate stability in the previous week. The central bank's weekly bulletin......

Morocco's Growing Role in the Cryptocurrency Market in the MENA Region

Morocco has been steadily increasing its presence in the cryptocurrency market within the Middle East and North Africa (MENA) region. According to a report by a leading blockchain data analytics company, Morocco is ranked 27th globally in terms of cryptocurrency adoption. This impressive ranking highlights......

Currency market performance: Dirham appreciates against the dollar

From January 16 to January 22, 2025, the dirham appreciated by 0.6% against the US dollar and depreciated by 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange auction operations were carried out, as highlighted in BAM's weekly bulletin. As of January......

Appreciation of the Dirham and Market Trends (January 02-08, 2025)

Between January 02 and 08, 2025, the Moroccan dirham showed a positive trend, appreciating by 1.4% against the euro and 0.6% against the US dollar, according to Bank Al-Maghrib (BAM). During this period, no foreign exchange operations were conducted, as highlighted in BAM's weekly report. As of......

Musk Urges Auction for OpenAI Stake Amid Nonprofit Restructuring

Elon Musk’s attorney, Marc Toberoff, has urged the attorneys general of California and Delaware to advocate for OpenAI to auction a significant portion of its stake. This step, proposed as part of OpenAI's corporate restructuring, aims to establish a fair market value for its charitable assets,......