Business Europe Finance Headlines International Morocco

Alstom Invests €10.5 million in Morocco over two years

Alstom is investing €10.5 million in Morocco to build a new production line and develop capability in the country to manufacture on board transformers. It will be the second production line at Alstom’s facility in Fez, which currently produces harnesses and electrical cabinets for rail and take up about 13,000 m2 of the facility and […]

Americas Europe Headlines International Morocco

Moroccan-American Maritime Exercise at Gibraltar Strait

The Royal Moroccan Navy’s Sigma-class frigate Allal Ben Abdallah (F 615) joined on Tuesday the Harry S. Truman Carrier Strike Group (HSTCSG) in a maritime drill carried at the Strait of Gibraltar within the frame of the longstanding U.S.-Moroccan military cooperation ties existing between the two allies and partner countries. The largest American aircraft carrier […]

Africa Asia Headlines International Maghreb Morocco

GCC Expresses Full and Clear Support for the Territorial Integrity of Morocco

The 42nd Summit of the High Council for Gulf Cooperation (GCC) was held this Tuesday, in the city of Al ‘Ula, in the north-west of Saudi Arabia, with the participation of the leaders of its member states, Saudi Arabia, the United Arab Emirates, the Sultanate of Oman, Kuwait, Qatar and Bahrain.   The summit has […]

Africa Egypt Headlines International

Egypt mulls plans to produce local Covid-19 vaccine

Egypt is planning the production of a new Egyptian jab “EgyVax” in collaboration with private sector player Eva Pharma, the Supreme Council of Universities, and the Agriculture Research Center, the ministry of Higher Education and Scientific Research said in a statement. The Supreme Council of University Hospitals, the Center for Agricultural Research, and Eva Pharma […]

Headlines Libya

Libya: Armed clashes in a southern city

Armed clashes on Monday night between local police forces and a group affiliated with Khalifa Haftar, the strongman of eastern Libya, left one dead and two wounded in southern Libya, according to a hospital source. “Armed with tanks and heavy artillery, a militia under the command of Mabrouk Sahbane of the al-Karama forces (the name […]

Algeria Blogs Columns Community Headlines Opinions

Cash-handouts will not help Algeria gain influence in region

As a state entertaining a rentier economy, Algeria has long sought to gain influence in Africa and the Arab region through cash handouts during the era of expensive oil. After years of diplomatic lethargy during the Bouteflika era, the recycled military regime tries the same recipe, yet money has run out. Algeria first donated 100 […]

Business Emerging Markets Headlines Morocco

Moroccan institution recommends cutting informal jobs to 20%

Morocco’s economic, social and environmental council (CESE) put forward a set of recommendations to cut the share of informal employment in the job market to 20%, a rate close to developed countries. According to national and international institutions, the informal economy accounts at least for 36% of all jobs in Morocco and it has a […]

Blogs Community Headlines Maghreb Morocco

King of Morocco Boosts Diplomatic Momentum by Appointing New Ambassadors

King Mohammed VI, of Morocco, received on Tuesday at the Rabat Royal Palace,  nineteen new ambassadors to be positioned in several capitals in Europe, Africa, Oceania,  Asia, and Latin America.   The Sovereign handed the new ambassadors, among whom three women, their appointment dahirs, before they were sworn in before him.   Former finance and […]

Africa Business Finance Headlines International Morocco

AfDB contributes to sustainability, security of drinking water supply in Morocco with €18 Mln financing

Morocco’s National Office of Electricity and Drinking Water (ONEE) and the African Development Bank (AfDB) signed an additional €18 million financing agreement to ensure the sustainability and security of drinking water supply in several regions of the Kingdom. This additional financial assistance will contribute, with the €115 million loan already mobilized in 2018, to finance […]

Headlines Mauritania

Mauritania: Former President Ould Abdelaziz asks President Ghazouani to intervene

Former President Mohamed Ould Abdelaziz is asking his successor, Mohamed Ould Ghazouani, to stop “being a passive witness to injustice. In a letter dated December 8, published in the Mauritanian press and authenticated by his lawyers, he denounced the judicial investigation against him. Ould Abdelaziz has been incarcerated since June 22 for failing to comply […]