Asia Business Headlines International

IATA cuts 2025 profit forecasts amid economic headwinds

The International Air Transport Association (IATA) downgraded its 2025 projections Monday, forecasting fewer than five billion air trips this year compared to the previously anticipated 5.22 billion, as the aviation sector faces mounting economic uncertainties. During IATA’s annual general assembly in New Delhi, the organization revised industry profit expectations to $36 billion, down $600 million […]

Americas Business Emerging Markets Headlines International Morocco

Morocco strengthens defense capabilities with $260 million Javelin missile purchase

Morocco continues its military modernization drive with U.S. Defense Department’s approval for a $260 million acquisition of 612 FGM-148F Javelin anti-tank missiles and 200 portable launchers, reinforcing the kingdom’s defense capabilities amid regional security challenges. The U.S. Department of Defense authorized the transaction on May 31, 2025, following preliminary approval from the Defense Security Cooperation […]

Algeria Columns Finance Headlines

Algeria’s currency crisis deepens amid drop in exports

Algeria is grappling with a deepening currency crisis as the Algerian dinar continues its relentless slide, raising alarm over the country’s economic stability, inflationary pressures, and the sustainability of state finances. Since late 2019, the dinar has lost significant value against the euro, falling from 204 dinars per euro in December 2019 to over 260 […]

Headlines International Maghreb Morocco

Morocco denounces in letter to Security Council biased paragraph on Sahara in its report to GA

Morocco has denounced in a letter to the President and members of the UN Security Council a biased paragraph on the Moroccan Sahara in the Council’s latest report for the year 2024 to the UN General Assembly. The letter was sent by Morocco’s Permanent Representative to the United Nations, Omar Hilale, following the adoption, on […]

Columns Europe Headlines International Maghreb Morocco

UK’s support for Morocco on Sahara to reverberate in the Commonwealth

Morocco has secured a significant diplomatic victory in its long-standing quest to uphold its territorial integrity and address the legacy of colonial-era divisions, following the United Kingdom’s endorsement of the autonomy plan for the Sahara. The UK’s foreign minister David Lammy described the Moroccan proposal as “the most credible, viable and pragmatic basis for a […]

Business Features Finance Headlines

AES charts a new path, but currency dreams face reality check

In a dramatic pivot away from traditional regional alliances, Mali, Burkina Faso, and Niger have deepened their collaboration under the Alliance of Sahel States (AES), aiming to reclaim sovereignty and reshape their economic future, including through the planned launch of common currency. Born out of frustration with ECOWAS and external pressures, the AES is fast-tracking […]

Energy Features Headlines

Africa’s critical mineral opportunity: from extraction zone into manufacturing and innovation hub

Africa, home to one-third of the world’s critical mineral reserves, stands at a crossroads: remain a source of raw exports or become a central player in the global energy transition. Despite abundant resources — including cobalt, lithium, copper, and rare earth elements — Africa received just 10.4% of global mineral exploration investment in 2024, down […]

Africa Features Headlines International

Ivory Coast opposition demands electoral reform amid growing uncertainty ahead of October vote

With just months to go before Ivory Coast’s October 2025 presidential election, the newly formed Coalition for a Peaceful Alternation (CAP-CI) is intensifying pressure on the ruling party to ensure credible and inclusive polls. At the heart of its demands: judicial impartiality, revised electoral lists, and the reinstatement of disqualified candidates, including opposition figure Tidjane […]

Emerging Markets Finance Headlines Morocco

Morocco opens digital payment market, ends CMI’s near-monopoly

Morocco has officially dismantled the near-monopoly held by le Centre Monétique Interbancaire (CMI) over electronic payment terminals, marking a major shift in the country’s digital economy and financial sector. The reform, which took effect on May 1, 2025, allows banks, fintech firms, and independent payment providers to directly offer point-of-sale (POS) services to merchants, a […]

Africa Headlines International

Nigeria’s flood disaster kills 115, leaves a town drenched in grief

Flash floods ravaged the town of Mokwa killing at least 115 people, as rescuers say the real toll is still hidden beneath the mud and debris. The River Niger, swollen by days of relentless rain, surged through the heart of Niger State on Wednesday night. It tore through Mokwa, leaving behind a trail of ruin […]