Asia Business Egypt Emerging Markets Headlines International

Egypt, China ink deal to develop drought and salt-tolerant crops

Both Egypt and China’s ministers of Agriculture signed Wednesday August 16 to collaborate on developing drought and salt-tolerant crops to overcome water scarcity and salinity in Egypt as the country confronts the major impacts of climate change, “Ahram Online” reports. Egypt’s El-Sayed El-Quseir and his Chinese counterpart Tang Renjian signed the agreement which the Egyptian […]

Business Emerging Markets Europe Headlines International Morocco

UNCTAD: Morocco, an exemplary domestic automotive industry

The UN Conference on Trade and Development has praised the progress made by the automotive industry in Morocco, which is now positioned as a production platform with the entry of several groups, including German Motor Distributors, Renault, Snop (parts and components supplier), Stellantis, Sumitomo Electric Wiring Systems and Yazaki. In its “Economic Development in Africa” […]

Africa Business Emerging Markets Headlines International

Africa to cut its reliance on West, unfair raw material trade practices – AfCFTA, Uganda leaders

African countries must reduce their reliance on other Western countries by boosting intra-Africa trade and also by eliminating their exploitation of Africa’s raw materials, according to the AfCFTA Secretary General and Uganda’s president. Speaking at the 2023 Zenith Bank International Trade Seminar on Non-Oil Export, the Secretary General of AfCFTA, Wamkele Mene, said that economic […]

Egypt Emerging Markets Headlines

English Premier League to promote Egypt destination this season

The English Premier League (EPL) will this 2023-2024 season promote Egypt as a travel destination as part of the North African country’s efforts to attract more holidaymakers. The Egyptian General Authority for Tourism (EGAT) will run two-minute commercials on big electronic screens in various stadiums hosting EPL games, “Ahram Online” reports. The EGAT plans to […]

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Mastercard ventures into African fintech, snapping up $5.2bn stake in continent’s no.1 telco

Mastercard has acquired a minority stake in the fintech subsidiary of South African telecommunications giant MTN in a deal valued at a whopping $5.2 billion, whereby the partnership will see Africa’s biggest mobile company to strategically leverage the US giant’s technology for its payments and remittance expansion in the continent. By snapping up the minority […]

Emerging Markets Energy Headlines Morocco

Morocco poised to tap into phosphates reserves to produce uranium- Think Tank

Morocco sits on tremendous uranium reserves thanks to its world’s largest phosphates deposits that could help the country power its desalination plants and export surplus, the Middle East Institute said. The paper, by Michael Tanchum, recalls that 73% of the world’s phosphate rock reserves contain an estimated 6.9 million tons of uranium, that compares to […]

Asia Emerging Markets Headlines International Morocco

Bali to host 8th Hassan II Great World Water Prize on May 18, 2024

The 8th Hassan II Great World Water Prize will be held on May 18, 2024 in Bali, Indonesia, under the theme “Water resource security for food sovereignty and shared prosperity,” the Ministry of Equipment and Water said. Created in 2002 and awarded for the first time at the 3rd World Water Forum in Kyoto, Japan, […]

Asia Business Emerging Markets Headlines International Morocco

China’s Huayou mulls $20 bln EV battery investment in Morocco’s Sahara

Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune Sakia El Hamra in the Sahara, the regional investment center announced. A delegation of the Chinese group visited the region where officials introduced competitive attractions to help the company export […]

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Wife of Saudi King picks Morocco for vacation

Princess Fahda, wife of Saudi Arabia’s King Salman and mother of Crown Prince Mohammed Bin Salman is spending her vacation in the northern Moroccan city of Tangier. The Saudi Princess was accompanied by a large delegation including other princes and princesses, Saudi Royal palace officials and other dignitaries, according to le360 news website. Morocco has […]

Asia Emerging Markets Headlines International Morocco

Morocco warns against the terrorism-separatism nexus before ASEAN Inter-Parliamentary Assembly

Morocco has warned against the terrorism-separatism nexus before the 44th ASEAN Inter-Parliamentary Assembly currently held in Jakarta saying this nexus threatens the territorial integrity of States. The alarm was sounded by Rachid Talbi Alami, Speaker of the Moroccan House of Representatives, which is participating in this conference in its capacity as an observer member of […]