laayoune

Egypt removes business tycoon from terror list

A Cairo Criminal court has removed the name of the businessman Safwan Thabet, the grandson of outlawed Muslim Brotherhood’s second leader Hassan al-Hudaybi, from the terror list following his release in mid-January. Safwan, the founder and former CEO of Juhayna Food Industries, and his son Seif El-Din were set free on January 21 from prison […]

Morocco Launches Incentives to Attract More Industrial Investments

Morocco announced on Monday an ambitious investment reform plan including multiple incentives, in a bid to capitalize on its business climate and political stability to attract more industrial investments. The incentives were revealed during a ceremony in Rabat chaired by King Mohammed VI. They include tax exemption benefiting industrial companies for up to five years, […]

European tourists stranded in Marrakech airport waiting to be repatriated

Hundreds of European tourists, mostly French, massed in Marrakech airport demanding flights to go home after Morocco banned all flights with 30 countries.   In Agadir, dozen French tourists staged a sit-in in front of their country’s consulate, asking for their repatriation. Morocco halted flights with France, in addition to Italy, Spain, Belgium, the Netherlands, […]