Keywords: Economy


Norwegian cruise cuts profit forecast as Middle East conflict raises fuel costs and weakens demand

Norwegian Cruise Line Holdings has lowered its annual profit forecast, citing increasing operational challenges linked to rising fuel prices and weaker travel demand. The company operates major cruise services worldwide and is currently facing pressure from global economic and geopolitical conditions. Impact......

Morocco's "Lalla Al Moutaâouina" program scales up support for women's cooperatives

Morocco's Secretariat of State for Crafts and the Social and Solidarity Economy organized the award ceremony for the seventh edition of the national program "Lalla Al Moutaâouina" on April 30 in Rabat, in partnership with the Office for Cooperative Development (ODCO). The event took......

ECB policymaker says eurozone recession concerns are “real and justified”

A senior European Central Bank (ECB) policymaker has warned that concerns about a possible recession in the eurozone are “real and justified,” citing growing geopolitical tensions and economic uncertainty linked to the conflict in the Middle East. Yannis Stournaras, Governor of the Bank......

Spain seeks continued representation on ECB Executive Board

Spain is expected to push for continued representation on the Executive Board of the European Central Bank (ECB) following the upcoming departure of Vice-President Luis de Guindos. As one of the eurozone’s largest economies, Spain considers its presence on the ECB’s top decision-making body......

Moroccan startup Woliz wins fintech prize at GITEX Africa 2026

Moroccan startup Woliz has secured the FinTech and Blockchain prize at the SUPERNOVA Challenge during GITEX Africa 2026, held from April 7 to 9 in Marrakech. The award highlights emerging companies with strong innovation, scalability, and measurable market impact across the continent’s technology......

China pledges stronger energy security as Iran war hits economies

China’s Politburo has pledged to strengthen national energy security as the economic fallout from the war involving Iran spreads across global markets. The commitment comes as countries from the Gulf region to Europe face rising inflation, slowing growth, and severe disruptions in energy supply......

WPP maintains forecast despite Middle East uncertainty

The British advertising group WPP has acknowledged growing uncertainty in the Middle East but has chosen to maintain its financial outlook for the coming months, signaling cautious confidence in its global operations. In its latest update, the company reported first-quarter revenue—excluding pass-through......

Eurozone growth outlook cut as Iran conflict fuels stagflation fears

The eurozone economy slipped into contraction in April as escalating tensions involving Iran disrupted energy flows and weakened demand across the bloc. The closure of the Strait of Hormuz pushed oil prices higher, eroded consumer confidence, and drove business sentiment to its lowest level in nearly......

Sterling edges higher against dollar as Middle East tensions and Bank of England decision loom

The British pound edged slightly higher against the U.S. dollar on Monday as financial markets reacted to ongoing geopolitical uncertainty in the Middle East and looked ahead to an upcoming monetary policy decision from the Bank of England. The currency movement comes amid shifting investor sentiment......