Morocco wants private investors to take the lead in spurring economic growth by increasing their share in total investments in the country to two-thirds, Moroccan investment and economy minister said. Morocco will adopt an investment charter that is designed to encourage private investment in the country, where the state was historically the main investor, finance […]
Saudi Foreign Minister Adel Al-Jubeir Sunday announced the suspension of diplomatic ties between the two gulf regional rivals following the attack on the Saudi diplomatic mission in Teheran over the execution of Shiite cleric in Saudi Arabia. The Saudi top diplomat told reporters at a news conference that all Iranian diplomats have been asked to […]
The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
