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Kuwait: No Plan to Back Turkish Lira with $1.6bn

Kuwait Monday dismissed reports that it has planned to inject $1.6 billion into the Turkish plummeting Lira which lost 40 per cent of its value against the US dollar amid the ongoing diplomatic crisis between Ankara and Washington. Kuwaiti Finance Minister Nayef Al-Hajraf discussed with his Turkish counterpart Berat Albayrak Turkey’s economic situation on Sunday […]

Japanese JTEKT Car Component Manufacturer to Set up Factory in Tangier

Leading Japanese car part maker, JTEKT, will set up a plant worth €15 million in Tangier, an investment that will further bolster the automotive ecosystem in the country. The factory is scheduled to start producing car steering systems and drive parts in 2018, the Tanger-Med Port announced in a statement. The plant, to be built […]

Spain’s ruling party satisfied with high-level meeting with Morocco

The ruling Spanish Socialist Workers’ Party (PSOE) expressed on Monday its “satisfaction” with the results of the 12th high-level meeting between Morocco and Spain, held in Rabat on February 1 and 2. “I express our satisfaction with the summit and the meeting held last week in Morocco,” stressed PSOE spokeswoman and Minister of Education and […]