Asia Emerging Markets Headlines International Morocco

COP28: Princess Lalla Hasnaa Visits UAE & Morocco Pavilions

Princess Lalla Hasnaa, President of the Mohammed VI Foundation for the Protection of the Environment, visited on Wednesday in Dubai “UAE House of Sustainability” pavilion and “Morocco pavilion” in COP28. Upon her arrival, the Princess was welcomed by Emirati Minister of climate change & Environment Maryam Al Meheiri and Moroccan Minister of National Education, Chakib […]

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Australian Desert Metals acquires gold and lithium mine fields in Cote d’Ivoire

Desert Metals, a mining company listed in Australia, has acquired Côte d’Ivoire-based CDI Resources Limited (CDI) that controls seven gold and lithium projects in the West African country. CDI, through its subsidiaries CDI Minerals and CDI Lithium, holds interests in seven gold and lithium projects. The projects, 2,769km² in landmass coverage, comprise granted mineral permits […]

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Algeria’s public finances vicious circle

Algeria’s appropriation bill for 2024 continues on track of prioritizing social peace at the expense of sustainability of public finances, auguring ill for the medium- and long-term macroeconomic balances of the country. The Algerian state will spend 38 billion dollars on its inflated public sector payroll, which takes the largest chunk of budget distribution. Civil […]

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UAE backs Morocco-Nigeria pipeline

Morocco and the UAE signed a deal to invest in the Atlantic gas pipeline that will channel Nigerian gas to North Africa and ultimately to Europe. The deal was part of a series of memorandums of understanding signed during a state visit by King Mohammed VI to Abu Dhabi. It signals the UAE readiness to […]

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Rabat-Abu Dhabi fostered partnership, a boon for Morocco’s infrastructure sector

Relations between Morocco and the UAE are like a flowering tree planted by the forefathers of the two nations, King Hassan II and Sheikh Zayed, and watered by their sons King Mohammed VI and Sheikh Mohammed Bin Zayed. Although visits by the two leaders abound, the most recent visit by King Mohammed VI is like […]

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Morocco, UAE ink MoUs covering several areas, opening broader horizons for fruitful partnership

King Mohammed VI of Morocco and the President of the United Arab Emirates Sheikh Mohammed Bin Zayed Al Nahyan presided over the signing ceremony of multiple memoranda of understanding at the Abu Dhabi Presidential Palace on Monday. These memoranda which cover various pivotal sectors are all meant to bolster cooperation between the two nations. The […]

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King Mohammed VI, UAE President sign declaration for innovative, renewed partnership

King Mohammed VI and Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates signed on Monday in Abu Dhabi, a declaration “Towards an innovative, renewed and solid partnership between the Kingdom of Morocco and the United Arab Emirates,” which aims to upgrade bilateral relations and cooperation to new heights. Before signing this […]

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Morocco’s Neo Motors launches its cars in the market

Morocco’s Neo Motors said it released its cars in the market making the first delivery of a first car manufacturing company with Moroccan capital. Morocco is already Africa’s top car manufacturer thanks to investments by French carmakers Renault and Peugeot. Speaking at a ceremony marking the first car deliveries, Nassim Belkhayat, Neo Motors’s CEO, said […]

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COP28: Morocco among three beneficiaries of €1 Bln Blue Mediterranean Initiative

Morocco is among the three Arab countries selected for the Blue Mediterranean Partnership which aims to support transition to a sustainable blue economy in the southern Mediterranean region. The announcement has been made by the donors and partners of the initiative at COP-28 currently held in UAE. Besides, the North African Kingdom, Egypt and Jordan […]

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H&M, Starbucks to stay in Morocco

Kuwait’s Al Shaya group which operates Swedish ready-to-wear stores H&M and US brand café chain Starbucks in the MENA region and in Europe said it maintains business in Morocco, denying news reports that it was going to phase out from the country. Last week, Maroc Hebdo weekly said the Kuwaiti group will withdraw the two […]