Africa Asia Business Headlines International

TICAD8 scheduled in Tunisia next August 27-28 – Japan’s Foreign Ministry

The Eighth Tokyo International Conference on African Development (TICAD8) is due next August 27-28 in Tunisia, announced the Japanese Foreign ministry in a press release. The format of the meeting will be determined in due course while taking into account a number of factors, such as the COVID-19 situation, the press release said, adding that […]

Africa Business Emerging Markets Headlines International Morocco

Morocco tops African peers in Agility Emerging Markets Logistics Index

Morocco outperformed other emerging African markets in terms of logistics and supply chains in the annual Agility Emerging Markets Logistics Index. The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and, for the first time, their digital readiness. It also takes into account factors that make markets attractive to logistics […]

Asia Business Headlines International Maghreb

Air pollution costs MENA region $141 billion annually, WB warns

The Middle East and North Africa region (MENA) suffers from excessive air pollution whose cost amounts to $141 billion annually, or around 2% of GDP, the World Bank said in a report released on Monday, urging the region to adopt a green economic policy. The report, titled “Blue Skies, Blue Seas: Air Pollution, Marine Plastics, […]

Africa Asia Business Headlines International Morocco

Morocco-OIC trade exceeded $9Bln in 2020

Trade between Morocco and its partners among the member states of the Organization of Islamic Cooperation (OIC) reached more than $9 billion in 2020, an official from the Ministry of Industry and Trade said on Tuesday. Speaking at the opening of the 20th meeting of Economic Advisers to the Embassies of OIC Member States accredited […]

Business Egypt Finance Headlines

Egypt seeks another ITFC financing for MSMEs

Egypt is seeking another financial support from the International Islamic Trade Finance Corporation (ITFC) to back micro-, small-, and medium-sized enterprises (MSMEs) after the country secured last month $2.6 billion to fund developmental projects. The Ministry of Planning and Economic Development Monday indicated that the signing will take place this month, Arab Finance reports. The […]

Asia Business Headlines International Morocco

Morocco and Qatar sign six agreements, discuss bilateral cooperation, regional issues

Morocco and Qatar signed, Monday in Doha, six agreements and memoranda of understanding in various sectors on the occasion of the holding in Doha of the 8th session of the High Joint Commission. The accords cover the fields of endowments and Islamic Affairs; tourism; trade, as well as financial control between the two countries’ audit […]

Africa Business Headlines International Maghreb Morocco

Moroccan Sahara witnesses “unprecedented economic boom” – International Magazine

The Moroccan Sahara region “is experiencing an unprecedented economic boom,” writes the magazine L’Essentiel des Relations Internationales in a special report on the occasion of the 35th African Union Summit held in Addis Ababa Feb. 5-6 “The Sahara region is experiencing an unprecedented economic boom, which is supported by an international diplomatic momentum in favor […]

Business Finance Headlines Tunisia

Tunisia recoups part of looted money deposited in Swiss banks

The Tunisian government has recovered a portion of money stolen by members of late President Zine el-Abidine Ben Ali’s regime, deposited in Swiss banks, the North African country’s lawyer in charge of the State’s litigation has revealed declining to indicate the amount. Ali Abbas told local media Assabah that the sums have been recovered after […]

Business Headlines Morocco

Morocco’s automotive industry exports up 16% in 2021

Morocco’s car industry sales rose 16% to stand at 84 billion dirhams, or $9 billion, contributing largely together with phosphates and agri-food products to a significant rise in exports. Morocco is home to two plants of French carmakers PSA and Renault as well as car part suppliers. Last year’s car exports outperformed pre-pandemic levels posted […]