King Mohammed VI chairs miniters council

Boeing to build excellence engineering center in Morocco

The Moroccan government and Boeing signed a partnership agreement to set up an African Center for Manufacturing Excellence (ACME), as the North African Kingdom seeks more technology transfer to develop its fast growing aerospace sector. The deal was signed at the opening of the Marrakech Air Show which brings together 200 exhibitors from different aerospace […]

UN: France to chair mini-summit on Libyan crisis

France is set to chair a mini-summit Thursday in New York on the sidelines of the UN General Assembly to discuss a political solution to the Libyan crisis, which worsened following a surprise push by east-based rebel commander Khalifa Haftar to seize capital Tripoli from the UN-backed Government of National Accord. France’s top diplomat Jean-Yves […]

Saudi Arabia posts $20.8bn budget surplus in Q2

Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]