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Keywords: Financial Markets


Global markets slide as investors retreat from AI-driven stocks

Global markets faced renewed turbulence as a sharp selloff in artificial intelligence-related stocks deepened, erasing billions in market value and triggering a broader rotation away from the technology sector. The downturn, marked by steep losses across Wall Street and major Asian exchanges, underscored......

Hedge fund titan bets on Nvidia as AI investments reshape the market

Billionaire hedge fund manager Chris Rokos has undertaken a major shift in his artificial intelligence investment strategy, signaling a decisive move toward chip manufacturing and away from software. Recent regulatory filings reveal that Rokos Capital dramatically increased its holdings in Nvidia while......

Michael Burry warns of AI stock bubble and accuses tech giants of accounting fraud

Michael Burry, the investor famed for predicting the 2008 housing crisis, has resurfaced on social media after a two-year hiatus with a stark warning: artificial intelligence (AI) stocks are in a bubble, and major tech companies are inflating earnings through questionable accounting practices. Bold......

Morocco’s UCITS net assets decline to MAD 789.77 billion as of August 1

The net assets of Undertakings for Collective Investment in Transferable Securities (UCITS) in Morocco stood at 789.77 billion dirhams (MAD) as of August 1, 2025, reflecting a weekly decline of 0.80%, according to the Moroccan Capital Markets Authority (AMMC). By category, medium- and long-term bond......

Moroccan mutual funds exceed 768 billion dirhams in assets as of July 4

As of July 4, 2025, the total net assets under management by Moroccan mutual funds, known as OPCVM (Undertakings for Collective Investment in Transferable Securities), have surpassed 768.2 billion dirhams, marking a weekly increase of 5.29%, according to the Moroccan Capital Market Authority (AMMC). This......

Casablanca secures position as top financial hub in MENA region

Casablanca continues to solidify its standing as one of the leading financial capitals in the Middle East and North Africa region, maintaining its third-place ranking among regional financial centers for 2024, according to the Global Financial Centres Index (GFCI) report. On the international stage,......

Morocco deepens financial markets with interbank forward market launch

Bank Al-Maghrib (BAM), Morocco’s central bank, has officially launched an interbank forward market for foreign exchange swaps and overnight index swaps (OIS) tied to the Moroccan Overnight Index Average (MONIA). This initiative, which began operations on February 19, marks a significant step in......

Moroccan dirham shows mixed performance as central bank boosts financial system

The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......

Bitcoin Surpasses USD 103,000, Reaching Historic Heights Amid Growing Institutional Interest

Bitcoin has made headlines by reaching a historic high of USD 103,500 overnight before slightly retreating to USD 101,000 this morning. This surge, marking an impressive 70% increase since October and a 50% rise over the past month, underscores Bitcoin's strengthening position as both a hedge against......