Business Egypt Europe International

French high-end luxury fashion house Dior contemplates entering Egyptian market

French high-end luxury fashion house Dior is considering opening a shop in Egypt, reports say. Ali Al-Musailhi, Egypt’s Minister of Supply and Internal Trade met Monday with the head of the Christian Dior International Fashion House Chirome Body, the delegated member of the company Pierre de Majoria, accompanied by the president and delegated member of […]

Africa Business Headlines International

AfCFTA must boost intra-African agrifood trade, become food self-reliant

The Africa Continental Free Trade Agreement (AfCFTA) must aim at reversing the unsustainable trend of excessive dependence by many of its members on imports of basic commodities, such as food and strategic agricultural inputs that has only exacerbated their vulnerabilities. This is the main message from a recent webinar organized by the UN Food and […]

Africa Finance Headlines International

Niger lures investments in Paris to finance national development program

President of Niger Mohamed Bazoum chaired Monday in Paris an investors’ roundtable for the financing of the Economic and Social Development Program known as PDES 2022-2026, the office of the African leader has indicated. The program, according to Bazoum, will require around $30 billion and contributions from international technical and financial partners and the private […]

Business Columns Europe Headlines International Morocco Opinions

London Administrative Court rejects petition against Morocco-UK Association Agreement

The administrative court of London rejected, on Monday, the petition of a British NGO (WSC), working on behalf of the “polisario”, which challenged the association agreement between Morocco and Great Britain. With this verdict, the British justice confirms the validity of the partnership agreement between Morocco and the United Kingdom, which fully benefits the populations […]

Business Columns Energy Headlines Morocco

OCP sets green transition example for Moroccan industry

Moroccan phosphates and fertilizers producer is setting the example for other industry giants in Morocco by adopting an ambitious roadmap to reach carbon neutrality by 2040 starting with a shift to fully rely on renewable energy in fertilizers production by 2027. The new plan is part of Morocco’s efforts, spurred by the leadership of King […]

Africa Finance Headlines International Morocco

Morocco backs replenishment of AfDB’s concessional financing fund

Morocco will make a contribution to replenish the African Development Fund, a concessional funding window of the African Development Bank. “The decision reaffirms Morocco’s willingness and commitment to help African states in line with the King’s enlightened vision to foster African solidarity and prosperity,” Finance Minister Nadia Fettah Alaoui said in a speech read on […]

Business Tunisia

TunisAir beefs up fleet with a new A320neo

Tunisia’s national carrier TunisAir took delivery Saturday of a new aircraft, A320neo type, as part of efforts to revamp its fleet. The aircraft is the fourth the airline is receiving after three it received in December 2021, February and November this year. The airline is set to take delivery of another narrow body passenger jet […]

Community Finance Headlines Morocco

Remittances from Moroccans abroad to hit record level in 2022

Remittances from Moroccans abroad are expected to hit 11 billion dollars, a record level compared to 9.3 billion last year, the World Bank said in a recent report. Remittances are key to feeding Morocco’s foreign exchange reserves, which cover around 6 months of import needs, according to the central bank. Morocco, whose diaspora is mainly […]

Business Headlines Morocco

Jerusalem Post: Morocco, a kingdom of light, a source of inspiration

The Israeli newspaper “Jerusalem Post” wrote, Friday, that Morocco is the kingdom of light and the country that creates in its visitor the desire to go and return. “One of the first things that jumps out at you when you discover Morocco for the first time is undoubtedly its light. This very particular light. A […]

Business Headlines Morocco

Morocco: German tourism professionals meet in Agadir to discuss challenges & business opportunities

The German travel agents association is holding its 2022 annual conference in Agadir, one of Morocco’s popular touristic destinations, to discuss issues related to the upcoming hottest destinations, the impact of Covid-19 on the hospitality & travel industry and carbon footprint. About 500 representatives of travel agencies, tour operators, investors, service providers as well as […]