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ExxonMobil explores selling UK and Belgian chemical plants in $1 billion deal

ExxonMobil is considering selling its chemical plants in the United Kingdom and Belgium as part of a broader strategic shift, reflecting growing challenges for the European chemical industry. According to a report by the Financial Times on September 3, the American energy giant has initiated preliminary......

Bond yields surge to multi-decade highs amid global sell-off

Long-term government borrowing costs have climbed to their highest levels in decades across major economies, driven by rising fiscal concerns and inflation fears that are reshaping bond markets. Japanese 30-year bond yields reached a record 3.28% on Wednesday, while UK gilt yields soared to levels unseen......

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......

Markets watch Ukraine tensions and US tariff moves

Global financial markets turned their attention on Friday to rising geopolitical tensions over the war in Ukraine and the potential implications of U.S. tariffs. Early trading in Europe saw modest gains: Paris rose by 0.30%, London by 0.27%, Milan by 0.23%, and Zurich by 0.31%, while Frankfurt slipped......

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......

European stock markets stumble amid new US tariffs

European stock markets opened mostly lower on Monday after former US President Donald Trump announced over the weekend a new wave of tariffs — 30% duties on goods imported from the European Union and Mexico — triggering fears of escalating trade tensions. In early trading, Paris lost 0.58%,......

Morocco embraces strategic carbon markets to lead low-carbon future

Morocco is positioning itself as a leader in sustainable development by leveraging carbon markets as a strategic tool for economic and environmental transformation. At the "Scaling of Carbon Markets in Africa" conference in Casablanca, Energy Transition Minister Leila Benali outlined the country’s......

Morocco enhances trade relations with the UK during London summit

The British government has reaffirmed its commitment to strengthening ties with Morocco during the recent Morocco Capital Markets Days conference held in London’s financial district. Ben Coleman, the UK’s Trade Envoy to Morocco and West Africa, representing Prime Minister Keir Starmer, characterized......

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,......