RCAR

Tourism Contribution in Morocco’s GDP Rose to 6.5% in 2015

The contribution of the tourism sector in Morocco’s GDP stood at 63.7 billion dirhams in 2015 compared to 61.9 billion dirhams in 2014, that is a 2.8% rise that brought the share of the sector in the overall GDP to 6.5%, the national statistics office (HCP) said. Prospects for growth in 2016 have been slightly […]

Concord International Investment mulls plans to set up healthcare investment company in Egypt

Concord International Investments, a company providing investment management and supervisory services to high-net-worth individuals, banks, thrift institutions, and other investment companies from its headquarters in New York, is planning to establish a healthcare investment company in Egypt with a capital of $40 million. Chairman Mohamed Younes has told Asharq Business that investments will be directed […]

Russia pledges help to Southern Sahara countries grappling with terrorism

Sergei Lavrov, Russia’s top diplomat, indicated Tuesday that Moscow was keen to provide assistance to Sahel and Gulf of Guinea countries fighting terrorism, as he was on a two-day trip to ally Mali. “The fight against terrorism is of course a reality for the other countries in the region”, he said at a joint press […]