Moroccan Royal Guard

WB Sees Morocco’s GDP Growth Rebounding to 3.8% in 2017

The World Bank (WB) said in its semi-annual MENA economic Monitor that GDP growth in Morocco will rebound to 3.8% in 2017 on the backdrop of abundant rainfall auguring a good agricultural season. The report noted that growth would improve to 3.8% after the Moroccan economy endured the impact of drought in 2016 which dragged […]

Turkey slams Arab League criticism of airstrikes in Iraq, wins Obama’s nod

Turkish Foreign Ministry rejected Thursday Arab League condemnation of Turkish forces’ bombardment of PKK positions across the Iraqi borders. The Ministry urged the Arab League “to back Turkish authorities’ war on terror rather than terrorism itself.” Arab League Secretary-General Nabil al-Araby condemned Ankara after it launched air raids against PKK fighters’ positions in northern Iraq […]

Chinese Midea Group contemplates acquiring Electrolux Group’s Egyptian Zanussi

The Chinese electrical appliance manufacturer Midea Group is considering acquiring the Swedish appliances manufacturer Electrolux Group’s Zanussi brand and its assets in Egypt, reports say. Electrolux Group announced mid last month plans to exit the Egyptian market. The company indicated that it is preparing to sell its factories in Egypt, which produce the main appliances […]