Antonio Guterres

Egypt seeks to lure $10B FDI in FY 2022-2023

Egypt is looking to attract $10 billion-foreign direct investments for the fiscal year 2022-2023, Arab Finance reports citing a report by the Ministry of Planning and Economic Development on the goals of the budget bill. The report says the government is also pursuing the creation of around 900,000 jobs annually to keep the unemployment rate […]

Aeronautics: Two New Plants Open in Morocco

Morocco’s aeronautic sector continues to attract more investors and major manufacturers thanks to the country’s political stability, low-cost labor, tax incentives and geostrategic position. The burgeoning sector expanded with the opening in Casablanca suburbs of two new plants by STTS, a subsidy of French industrial group SATYS specialist in aircraft painting, and the Société franco-marocaine […]

Throne Day: Morocco’s King Pardons Nearly 1,770 Inmates

King Mohammed VI has pardoned 1,769 convicts on the eve of the Throne Day celebrated on July 30 in the North African Kingdom. This year’s Throne Day marks the 23rd Anniversary of the accession of King Mohammed VI to the Throne. A press release issued by the Ministry of Justice says the beneficiaries of the […]