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Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft

Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion, Arab Finance reports. A filing from US Securities and Exchange Commission indicated that PIF acquired 213,000 class A shares in Alphabet; 4.7 […]

Morocco’s carrier resumes flights to Brazil, opens new Casablanca-Toronto direct route

Morocco’s Royal Air Maroc has resumed its direct flight from Casablanca to Sao Paulo on Saturday and inaugurated a new direct route from Casablanca to the Canadian city of Toronto on Sunday. The flight to Sao Paulo marked a long-awaited resumption of direct services between Morocco and Brazil, which were suspended for five years due […]

Tension Rises between Morocco and Nigeria, Rabat Recalls its Ambassador

Morocco has recalled its ambassador to Nigeria for “consultations” on Tuesday, just few days after King Mohammed VI refused to have a phone conversation with outgoing Nigerian President Goodluck Jonathan. The new development shows that the diplomatic tension between the two countries is far from being over and that relations are not to improve anytime […]