Business Emerging Markets Europe Headlines International Morocco

UK’s Emmerson to sue Morocco at ICSD over unreceived environmental license

UK company Emmerson has raised funds to sue Morocco at the International Centre for Settlement of Investment Disputes ICSID after failing to obtain an environmental license for its Potash mine in Khemisset. Morocco’s investment authorities have judged that the Emmerson issued an unfavorable opinion on the project’s environmental impact, due mainly to concerns about excessive […]

Headlines Morocco

Morocco’s King undergoes surgery on his left shoulder following a fall

King Mohammed VI has suffered a fall during a usual sporting activity on Sunday, December 8, 2024. The fall traumatized his left shoulder, causing a fracture to the humerus, a statement by his medical team said. The fracture required surgery, which was successfully performed the same day at the Royal Palace Clinic in Rabat. Following […]

Asia Columns Headlines International

Syria’s Assad toppled, Algerian regime freaks out

Syrian rebels put an end to 53 years of the Assad family’s rule declaring the end of the Bashar Assad regime after a bloody 14 year-war. The news of freed political prisoners and refugees jubilating to go home triggered emotions of joy, except in the Algerian political class where the news was met with the […]

Algeria Finance Headlines

Algeria: Freezing of assets of generals & civilian elites abroad, a pressure measure on authoritarian regime

The freezing of assets belonging to active or retired Algerian military generals and elites is meant to exert pressure on the authoritarian and military regime of Algeria. The freezing of assets, estimated at several billion dollars, is aimed at combating terrorism financing and to preserve peace and security, which are top priorities for international organizations […]

Africa Community Headlines International Morocco

Permanent Secretariat of African network of national preventive mechanisms against torture inaugurated in Rabat

The headquarters of the permanent secretariat of the African network of national preventive mechanisms against torture was inaugurated on Saturday in Rabat at the National Council for Human Rights (CNDH) head office. The permanent secretariat’s inauguration by representatives of African network members translates the collective commitment of human rights defenders in Africa and their shared […]

Africa Asia Emerging Markets Headlines International Maghreb Morocco

Africa and Middle East attracting growing share of $400bn in global wealth — report

A new study into global wealth creation and redistribution has revealed a noteworthy trend in Africa and the Middle East, which are now attracting a growing share of the $400 billion in wealth brought along by migrating ultra-rich individuals. Since the onset of the Covid-19 pandemic, billionaires worldwide have been relocating more frequently, with Switzerland, […]

Culture Europe Headlines International Morocco

King Mohammed VI represented at Notre-Dame Cathedral reopening ceremony by Prince Moulay Rachid

King Mohammed VI was represented by Prince Moulay Rachid at the reopening ceremony of Notre-Dame Cathedral, held in Paris on Saturday. Upon his arrival at the cathedral’s forecourt, Prince Moulay Rachid was welcomed by President Emmanuel Macron and his spouse Brigitte Macron. Following the ceremonial opening of the cathedral doors by the Archbishop of Paris […]

Africa Emerging Markets Finance Headlines International Morocco

Morocco’s ONCF draws investors’ interest at AfDB’s Africa Investment Forum, commitments exceed $14 billion

Morocco’s railway operator ONCF has presented a “strategic” plan to expand the service for a total cost of 8.8 billion dollars, in a project that drew interest of investors offering up to 14 billion dollars, head of the African Development Bank chief Akinwumi Adesina said. The project was a “big success” for Morocco, Adesina said […]

Africa Emerging Markets Finance Headlines International Morocco

AfDB garners $29.2 billion in its investment forum in Rabat

Curtains fell on the Africa Investment Forum in Rabat which helped the African Development Bank (AfDB) mobilize a total funding of $29.2 billion for 47 projects, covering critical areas such as water supply, energy, transport, mining, pharmaceuticals, private equity, tourism, and infrastructure. The event drew 2,300 investors and delegates from 83 countries, AfDB chief Akinwumi […]

Africa Columns Headlines International Maghreb Morocco

South Africa protestors call for better ties with Morocco, sending strong message to Algerian junta

Several disgruntled South Africans gathered outside the African National Congress’s (ANC) Headquarters in Johannesburg to protest against the ANC’s hostile diplomatic approach to Morocco, signaling a growing rift within South Africa’s politicians over relations with the North African Kingdom and the Sahara issue. With Morocco’s rising economic power in Africa, increasing voices in South Africa […]