Palm Hills Developments to build $130m Ritz-Carlton Palm Hills hotel in West Cairo

Egypt’s leading developer Palm Hills has entered into an agreement with Marriott International to build a luxury hotel under the name of Ritz-Carlton Palm Hills in West Cairo with investments of $130 million, the office of Prime Minister Mustafa Madbouli has announced. The agreement was signed Monday December 4 by Mr. Yasin Mansour, Chairman of […]

Moroccan Railways’ Net Profits hit 223 Million DH in 2016

Morocco’s state-owned railway operating company (ONCF) posted a net profit of 223 million Dirhams in 2016, up 31% compared to 2015. The company said in a statement that its turnover over the same period reached 3.7 billion DH with an added value of 2.5 billion DH and a self-sustainability of 273 million DH, 5.8% higher […]

Morocco’s role in inter-Arab solidarity highlighted at Algiers summit

Morocco’s leading role in promoting inter-Arab solidarity was highlighted at the Arab League summit in Algiers where light was particularly shed on Rabat’s initiatives to bring assistance to grieved Arab people in Palestine, Yemen and Comoros. Morocco has by the past set up a field hospital in the Syrian refugee camps in Jordan as well […]