Business Emerging Markets Europe Headlines International Maghreb Morocco

Moroccan Sahara poised to attract more French investments

The support by French President Emmanuel Macron of Morocco’s sovereignty over the Sahara, opens promising prospects for French investments in the territory. Speaking to a Moroccan French business summit, during his state visit to the Kingdom oct. 28-30, President Macron urged more French investments across Morocco, including the Sahara, which he said, “is part of […]

Africa Asia Emerging Markets Finance Headlines International

Saudi Arabia pledges $41 bln investment in Africa over next decade

Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]

Emerging Markets Europe Headlines International Morocco

Morocco to strengthen defense cooperation with Azerbaijan, Czech Republic

Morocco signed two military and technical cooperation agreements with Azerbaijan and the Czech Republic covering areas of training, defense industry, technical assistance, exchange of expertise, military health and cybersecurity. The agreements were signed in a ceremony attended by minister delegate in charge of defense Abdeltif Loudiyi, Moroccan Army Commander of the Southern Zone Mohammed Berrid, […]

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French President vows to help Morocco at UN, EU

French President Emmanuel Macon said his country will help Morocco in international organizations including the UN and the EU as it seeks to defend its sovereignty over the territory and its autonomy plan as a sole solution to the regional dispute. Macron made the remark in a speech to the French diaspora in Morocco, as […]

Asia Headlines International Morocco

Morocco, Saudi Arabia resolved to upgrade military & defense cooperation

Morocco and Saudi Arabia have both voiced their resolve to upgrade their cooperation in the defense and security fields and to explore new prospects for this cooperation. This came during the visit Chief of the General Staff of the Saudi Armed Forces First Lieutenant General Fayyad bin Hamed Al-Ruwaili is paying to Morocco October 28 […]

Africa Emerging Markets Europe Finance Headlines International

Sweden strengthens African development through strategic capital markets investment

Sweden has joined the Netherlands and Luxembourg in making a significant contribution to Africa’s financial development, pledging 50 million Swedish crowns ($4.8 million) to the African Development Bank’s Capital Market Development Trust Fund (CMDTF). This investment, channeled through Sweden’s International Development Agency, aims to strengthen and integrate Africa’s regional financial markets. The initiative serves multiple […]

Headlines Libya

Libya to impose taxes on expatriate workers

Libyan authorities are contemplating the imposition of taxes on foreign workers as an assertion of the State’s sovereignty over its territory and citizens. This approach is seen as essential for maintaining control over the labor market. Strengthening the legal and legislative frameworks that protect State revenues and safeguard its rights concerning expatriate workers in Libya […]

Africa Energy Headlines International Mauritania

Mauritania-Senegal: BP announces progress towards imminent exploitation of Ahmeyim Field

Murray Auchincloss, Chief Executive Officer (CEO) of British Petroleum (BP), announced Wednesday October 30, significant progress towards the upcoming exploitation of the Ahmeyim liquefied natural gas (LNG) project, situated off the coasts of Mauritania and Senegal. BP is anticipating the commencement of production and export operations in early 2025, a development that underscores the growing […]

Africa Headlines International

Sudan: A new-armed militia adds uncertainty to the conflict

Fears are escalating over the Sudanese conflict, now more than 18 months ongoing, as a newly formed militia enters the fray in eastern Sudan. The new militia, known as the “Eastern Battalion,” was reportedly trained in neighboring Eritrea. According to a statement, the group has begun operations in Kassala state, near the Red Sea region. […]

Emerging Markets Europe Headlines International Morocco

French President ends Rabat visit with stronger French-Moroccan relations

At the invitation of King Mohammed VI, President Emmanuel Macron spent three days on a state visit to Rabat that turned the page on three years of diplomatic frost, as the two countries embark on a “strengthened and renewed partnership” that paves the way for closer cooperation at all strategic levels. King Mohammed VI received […]