Business Egypt Finance Headlines

Russia to start financing industrial zone construction in Egypt from 2022

Russia will start financing construction of the industrial zone in Egypt and is considering the use of such format in other countries, First Deputy Minister of Industry and Trade Vasily Osmakov said, Arab Finance reports citing TASS News agency. “We will start funding construction of the Russian industrial zone in Egypt from the next year. […]

Africa Headlines International Maghreb Morocco

Chad reaffirms UN primacy in settling Sahara regional conflict

Chadian Foreign Minister Cherif Mahamat Zene reaffirmed Friday from Rabat the position of his country on the primacy of the role of the United Nations in settling the regional conflict over the Moroccan Sahara. The Chadian Foreign Minister said at a press briefing, following talks with his Moroccan peer Nasser Bourita, that his country called […]

Americas Asia Columns Community Headlines International Morocco Opinions

Morocco, Israel celebrate one year of normalization

The ambassadors of Morocco and Israel to the United States, Lalla Joumala and Michael Herzog hosted a joint event in Washington to celebrate the first anniversary of the Morocco-Israel-USA tripartite agreement which triggered a dynamic of cooperation in the service of development and peace, with, in particular, the resumption of Moroccan-Israeli diplomatic relations. Actually, Morocco […]

Africa Asia Headlines International Maghreb Morocco

Russian FM cancels MENA tour

Russian Foreign Minister Sergei Lavrov has reportedly decided to cancel his planned tour to the MENA region that was to lead him starting Dec.12 to Israel, Palestine, Algeria and Morocco, Russian news outlets reported. The reasons behind the cancellation were unclear, with some reports citing “personal reasons” and others a strike by staffers of Israel’s […]

Americas Headlines International Morocco

Brazilian FM plans a visit to Morocco by mid-2022

Brazilian Minister of Foreign Affairs, Carlos Alberto Franco França, has announced that he is planning to visit by mid-2022 Morocco, a country, he said, that “now holds a key position in North Africa as a bridge to other countries and continents.” Carlos França welcomed the quality of relations between Morocco and Brazil, which are based […]

Business Finance Headlines Morocco

Morocco to post MENA region’s highest growth rate in 2021 at 6.3% – IMF says

The IMF expects Morocco’s economy to grow 6.3%, the highest rates among its MENA peers, as the country continues its fiscal and monetary stimulus. Morocco’s economic performance is also credited thanks to its “successful vaccination campaign” which enabled the country to contain the pandemic and allow the economy to rebound, the IMF said after its […]

Headlines Tunisia

Fire breaks out at Ennahdha’s headquarters in Tunis killing one militant

One militant of Ennahdha, the largest party in Tunisia’s suspended Parliament died Thursday at headquarters of the political organization after a fire broke out of at the reception. Identified as Sami by the party leader Rached Ghannouchi, the militant set fire to himself in distress causing the fire outbreak. Ghannouchi, branded Sami “martyr” adding that […]

Business Emerging Markets Features Headlines Maghreb Morocco

Morocco Building Commercial & Financial Hub Linking Africa & Europe (U.S. Consulting Firm)

Morocco is busy working to establish itself as a commercial and financial hub linking Africa and Europe, says American Consulting firm Kearney in its latest “Global Retail Development Index” report. Morocco’s economy is on the path to recovery, supported by an uptick in household consumption, export demand, and governmental policies, adds the GRDI research report […]

Europe Headlines International Morocco

UNHCR: Over 6,000 refugees in Morocco received financial assistance during Covid-19 crisis

UN and European officials have commended Morocco’s continued commitment to the rights of refugees, ensuring them access to public services, education, healthcare, legal protection and employment, in the same way as Moroccan citizens. At a press conference held lately in Rabat by the UNHCR on the situation of refugees in North Africa, they said that […]

Business Headlines Morocco

Morocco to extend stipend to tourism workers hit by Covid-19 restrictions

The Moroccan government has approved a measure to extend stipend in aid to workers in the tourism industry who have been idled due to the restrictive measures taken by the government to contain Covid-19 outbreak. Morocco has closed its borders to all passenger traffic amid the surge of the new Omicron variant. The decision took […]