النشرة الاقتصادية - 24/03/2025

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3/25/2025

مدي 1 تي في : النشرة الاقتصادية - 24/03/2025

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00:00Welcome to Economic News, let's start with the Moroccan news.

00:15A recent report by the British solar power company confirmed that the Kingdom of Morocco

00:20has strengthened its position in the global renewable energy map, especially solar energy.

00:26Moreover, the company has strengthened the construction of public and private sectors

00:30and developed training programs to build local capabilities in the field of solar energy.

00:35They will contribute to accelerate the achievement of Morocco's ambitious goals in this area.

00:40The company stated that Rabat is seeking to increase the share of renewable energy in the national energy mix.

00:46It is clear that the geographical location of Morocco provides it with important energy capabilities.

00:52The company is trying to develop large-scale projects to develop electricity networks

00:56and connect the rich areas with solar energy in the south to consumption centers in the north.

01:01This strengthens the efficiency of energy transfer and more specifically,

01:05Morocco aims to reach at least 52% of renewable energy by the year 2030.

01:14An official document revealed by the US Department of Agriculture

01:22that Morocco imported 7.5 million tons of wheat until February last year in 2024-2025.

01:31The document noted that Morocco relies excessively on wheat sources from the Black Sea,

01:36Russia and Ukraine, in light of France's lack of support for the country from this raw material.

01:42The International Market and Trade Agreement for the coming month showed

01:47that the consumption of wheat in Morocco during the season,

01:50and specifically until February last year, reached 10 million tons.

01:55The document revealed in detail that the Kingdom imported 3,456,000 tons of wheat

02:06since the beginning of the current year and until the end of February.

02:14Gas production in the Middle East recorded an increase of 2.2% in 2024

02:21to 741 billion cubic meters.

02:25A recent report predicted an increase in the production of natural gas in the Middle East

02:29by 66.5% to 1.5 trillion cubic meters by 2050 compared to 2023.

02:39The report also predicted an increase in the production of gas in the Middle East

02:43by 21% to 841 billion cubic meters by 2030

02:50to 996 billion cubic meters by 2040.

02:56Data showed that the production of natural gas in the Middle East

03:00has significantly increased in recent years.

03:11The Iraqi oil ministry announced on Sunday plans to increase production

03:15to more than 6 million barrels per day by the year 2029.

03:19The ministry has signed an agreement with Bibi to develop four fields in Kirkuk.

03:24The contract is expected to be signed within the next few days.

03:28The Iraqi Ministry of Oil stated that it is working to achieve these goals

03:32through projects that extend to all provinces,

03:35benefiting from the exploratory activity carried out by oil exploration companies,

03:40as well as the excavation and production of fields through the six licensing rounds.

03:44This comes at a time when the ministry continues to implement its ambitious strategy

03:49to develop national oil reserves and enhance the production of oil companies.

03:58The Minister of Energy and Sudanese Oil Mohiuddin Naeem confirmed

04:01that the losses in the oil sector in his country amounted to $20 billion

04:05in addition to the damage to the electricity sector in all its facilities and facilities,

04:09due to the consequences of the war that the country has witnessed for several years.

04:13Naeem clarified that the damage included the loss of oil wells and oil products

04:19stored in strategic warehouses due to the production of plutonium nanotubes,

04:24as well as the close proximity to the fields,

04:26and the theft of marine cables, especially in the wells and storage facilities,

04:30especially in the mining sector.

04:32He added that despite these damages,

04:34he did not record a crisis in fuel,

04:36in addition to the fact that most of the safe states are available for electricity,

04:40as he hopes to rehabilitate the plutonium nanotubes again

04:44to return to their services in a good way.

04:46The government is also planning to build new nanotubes in the port of Sudan,

04:49as Shua'in Moulth said.

04:55British Treasury Minister Rachel Reeves said

04:58that the British government will comply with its financial rules

05:01despite the global disruptions,

05:03which increases the possibility of taking strict measures

05:06to achieve its public financial goals

05:09in updating the budget this week.

05:11In addition, the government announced last week

05:13a reduction in spending on social care

05:15to save about 5 billion pounds,

05:18which is estimated at 6.5 billion dollars annually,

05:21which has angered some legislators in the Workers' Party,

05:24to which Prime Minister Keir Starmer is referring from the middle left.

05:28In its first full budget in October last year,

05:31Reeves sought to gain investors' trust

05:33by agreeing to achieve a balance between daily spending

05:36and tax revenues by the end of the contract,

05:39but he believes that it has strayed

05:41because of the slow economic growth

05:43and the increase in borrowing costs.

05:52Goodbye.

النشرة الاقتصادية - 24/03/2025

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