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Morocco’s Ministry of Tourism and Traditional Industries announced that Morocco’s tourism sector will reach unprecedented levels in 2025, with foreign exchange earnings reaching AED 138 billion as of the end of December last year, an increase of 21% compared to 2024.The ministry explained that this exceptional level far exceeds the target of 120 billion dirhams set in the Moroccan Tourism Roadmap 2026.The ministry said Morocco’s national tourism confirms the sector’s role in the economy, with expenditures estimated at around Dh48 billion in 2025.employment and currencyThe Moroccan Ministry of Tourism announced that Morocco has recorded record numbers of tourists, reaching 19.8…

Energy industry officials revealed that the significant rise in U.S. natural gas prices caused many liquefied natural gas exporters to cancel shipments for export and sell them on the local market, as spot gas prices soared to more than $30 per million British thermal units on January 27 and plummeted to about $9 per million British thermal units the next day, according to an S&P Global report. Production discontinuedFebruary U.S. gas contracts at Nymex hit $6.954 per million British thermal units on Jan. 27 as severe cold snaps and production outages at some wells reduced gas flows to major liquefaction…

India’s Finance Minister Nirmala Sitharaman today announced that India aims to achieve a debt-to-GDP ratio of 55.6% in the fiscal year 2026-2027, from around 56.1% this year.Presenting the Union Budget, Sitharaman said India’s federal deficit is expected to remain at 4.4% of GDP in the fiscal year ending March 2026, with the target set at 4.3% of GDP for next year.stable foundationFinally, the Government of India expected the national economy to register growth in the range of 6.8% to 7.2% during the financial year starting April 2026, as per the Annual Economic Survey.This forecast represents a slowdown compared to the…

According to the draft statement, eight OPEC+ member countries have agreed in principle to maintain a halt to production increases through March next year.The eight OPEC+ member countries (Saudi Arabia, Russia, UAE, Kazakhstan, Kuwait, Iraq, Algeria, and Oman) had increased their production quotas by about 2.9 million barrels per day, equivalent to about 3% of global demand, for the period from April to December 2025. The government subsequently canceled the planned increase from January to March 2026. Due to low seasonal consumption.maintain profitsOn the price front, oil prices continued to rise, supported by growing concerns about supply disruptions due to…

After nearly two years of closure, Israel today (Sunday) announced a limited opening for residents of the Gaza Strip to cross the Rafah crossing. Israeli media reported that the crossing was opened in the presence of representatives from the European Union and Egypt.”In accordance with the ceasefire agreement and directives from the political level, the Rafah crossing has been opened to traffic only for residents,” the Coordination Office for the Government of the Palestinian Territories (COGAT) said in a statement.He added: “Today, the first pilot phase began and was carried out in coordination with the European Union Border Assistance Mission…

Top officials in southern Yemen held an expanded meeting in Riyadh on Saturday as part of efforts to build trust and unite the southern ranks, paving the way for national partnership and shared responsibility to confront current challenges. Prime Minister Shia Mohsen Al-Zandani, Chairman of the Shura Council Ahmed Obaid bin Dargul, Presidential Leadership Council member Abdulrahman Al-Mahrami, Governor of Hadramout Salem Al-Kambasi, several ministers, the Governor of South Yemen, members of the Shura Council and Parliament, and military and political leaders attended the meeting. According to state media reports, the discussion focused on the development of the southern states…

Today (Sunday), rainy cumulonimbus clouds, accompanied by active winds, continue to form and spread over parts of the highlands of Jizan, Asir, Al-Baha and Makkah al-Mukarramah regions, as well as parts of the highlands of the Medina region, which may cause fog in parts of these regions and parts of the eastern region.According to the meteorological report released today, the surface wind conditions in the Red Sea are northwest to northeast winds of 12-28 km/h in the north and central region, south-southwest winds of 15-40 km/h in the south, reaching 52 km/h towards the Bab al-Mandab Strait, and wave heights…

Saudi Arabia’s real GDP increased by 4.9% in the fourth quarter of 2025 compared to the same period in 2024.According to rapid estimates released by the Bureau of Statistics, oil activity increased by 10.4%, non-oil activity increased by 4.1%, while government activity decreased by 1.2%.highest rateTherefore, the gross domestic product recorded a growth rate of 4.5% in 2025 compared to 2024. Oil activities achieved the highest growth rate of 5.6%, followed by non-oil activities at 4.9%.Authorities began publishing simplified quarterly estimates of gross domestic product (GDP) starting in the third quarter of 2020 to provide timely information about the Saudi…

Saudi officials dismissed by Asharq al-Awsat have reported changing the kingdom’s position on regional escalation. The official stressed that Saudi Arabia supports efforts to reach a peaceful resolution to any dispute between the United States and Iran through diplomacy and dialogue. The official also reiterated that Saudi Arabia denies the use of its airspace and territory in any military operation against Iran. Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman stressed on Tuesday that Riyadh respects Iran’s sovereignty and that Saudi Arabia will not allow its airspace or territory to be used for any military operations against Iran.…

The Islamic World League (MWL) welcomed the Syrian government’s announcement of a ceasefire agreement with the Syrian Democratic Forces, which was agreed upon in a comprehensive agreement that included the integration of autonomous institutions into the Syrian state institutions, the Saudi Press Agency reported on Saturday. In a statement, MWL Secretary-General Sheikh Mohammed Al-Issa expressed his gratitude for the mediation efforts led by the Kingdom of Saudi Arabia and the United States, and praised the active engagement of both sides. He said the agreement supports the Syrian people’s desire for security and stability. Mr. Al-Issa reaffirmed the Federation’s full support…