Suzi Carla Barbosa

Morocco to invest $230 million in new Mogador resort

Morocco is planning to build a new Mogador resort, near Essaouira, for a total investment on $230 million. The new resort will be funded by a consortium of investors, including Samih Sawiri, Hussain Al Nowais, and Hossam El Shaer, who committed to fund 50% of the investment, the head of the government office said in […]

Egypt gets $500m from World Bank to finance vulnerable classes support program

The World Bank has granted Egypt a new development financing of $500 million to support the “Takaful and Karama” program according to the Arab country’s Minister of International Cooperation Rania Al-Mashat. Takaful and Karama program supports the most vulnerable classes against the implications of the global economic crises and external shocks. The financing will support […]

AU/PSC: Morocco calls on Sudan to opt for dialogue to resolve crisis, to prevent outside interference

Morocco emphasized, this Wednesday before the Peace and Security Council (PSC) of the African Union (AU) in Addis Ababa, the importance of adopting dialogue as a means of resolving the crisis in brotherly Sudan and to prevent outside interference. Speaking on behalf of the Minister of Foreign Affairs, Nasser Bourita, at a ministerial meeting of […]