Economy

Energy Minister: Moroccan Gov’t Efforts Helped Attract Investors to Gas Sector

The Moroccan Government’s efforts during the current mid-term have enabled the development of an investment ecosystem capable of attracting investors to the gas sector and exploring its deposits in the Eastern region, Tendrara and Larache, said ,on Monday, Minister for Energy Transition and Sustainable Development, Leila Benali. Benali stressed, during question time at the House ...

10:47 Et July 3, 2024

Spirit Aero to be broken up as Boeing agrees $4.7 billion stock deal

Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier's loss-making Europe-focused activities in return for hundreds of millions ...

11:37 Et July 1, 2024

China's EV export boom fuels surge in demand for new car-carrying ships

Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the ...

20:26 Et April 10, 2024

OCP Nutricrops Launched: Accelerating a Global Shift to Customized Plant Nutrition

The global leader in soil and plant nutrition solutions, OCP Group, has announced the launch of a new subsidiary – OCP Nutricrops, to accelerate the Group’s transition to ...

16:11 Et April 2, 2024

Oil Up Due To Escalating Geopolitical Tensions

Oil prices increased on Thursday due to supply concerns fueled by Russia's decision to implement output cuts and the unsuccessful attempts to bring about a cease-fire in the ...

11:15 Et March 28, 2024

Adidas posts first loss in 30 years and warns on US

German sportswear giant Adidas, opens new tab posted its first annual loss in more than 30 years on Wednesday and warned sales in North America would fall again as ...

20:56 Et March 13, 2024

Oil Prices Up Following Strong Demand Outlook

Oil prices spiked on Wednesday following data released late Tuesday by the Organization of Petroleum Exporting Countries (OPEC) and the American Petroleum Institute indicating a positive demand outlook. ...

11:00 Et March 13, 2024

Saudi Aramco boosts dividends despite profit fall

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn ...

20:09 Et March 10, 2024

US Takes Lead With 21% Share In Global LNG Market

The US has increased its share in the global liquefied natural gas (LNG) trade from 1% in 2016 to 21% by the end of 2023 to become the world's top LNG exporter. According to Anadolu's compilation of data from CEDIGAZ, the International Information Center on Natural Gas, the US exported 84.3 million tons of LNG ...

11:31 Et February 26, 2024

Nvidia Becomes 4Th Most Valuable Firm, Surpassing Amazon With Strong AI Demand

Nvidia became the fourth most valuable publicly traded company in the US, as its market value surpassed Amazon's due to strong demand for artificial intelligence (AI). The stock ...

16:27 Et February 14, 2024
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