Asia Business Egypt Energy Headlines International

Russia’s Rosatom to build 3rd unit of Egypt’s El-Dabaa Nuclear Power Plant

Egypt’s Nuclear and Radiation Control Authority (ENRRA) has granted permission to Russia’s Rosatom State Atomic Energy Corporation for the construction of the El-Dabaa Nuclear Power Plant’s 3rd unit with a capacity of 1,200 megawatts, ENRRA said in a statement. The authority last Wednesday approved the permission to establish the third unit at the Hyena Station. […]

Africa Asia Headlines International

Ugandan President’s son vows to send troops to Russia if attacked

Muhoozi Kainerugaba, an army general and son of President Yoweri Museveni of Uganda said on Thursday on Twitter that the eastern African country will send forces to back Russian President Vladimir Putin, should the west attack Moscow in the ongoing conflict with Ukraine. “Call me a ‘Putinist’ if you will, but we, Uganda, shall send […]

Africa Asia Headlines International

Burkina Faso re-establishes ties with North Korea, purchase of military equipment in sight

Olivia Roumba, Burkina Faso’s top diplomat announced Wednesday the resumption of diplomat ties with North Korea as Ouagadougou seeks Pyongyang’s military support in order to address insecurity at home caused by terrorist groups. “This resumption of diplomatic relations with North Korea will enable this East Asian country and Burkina Faso to maintain exemplary bilateral cooperation […]

Asia Business Emerging Markets Headlines International Morocco

Morocco, Cambodia sign agreement on air services, other deals in the pipeline

Morocco and Cambodia signed, in Rabat on Monday, an agreement on air services meant to promote tourism and trade between the two countries. The agreement signing took place during the meeting of visiting Cambodian deputy prime minister and minister of Foreign Affairs Prak Sokhonn with Morocco’s Foreign minister Nasser Bourita. The two officials welcomed the […]

Asia Finance Headlines International Morocco

Bayt Mal Al-Quds Agency, Bank of Palestine sign partnership agreement

A partnership and cooperation framework agreement was signed, Monday in Ramallah, between Bayt Mal Al-Quds Asharif Agency and the Bank of Palestine, covering several development areas. The agreement provides for cooperation between the Rabat-based Agency and the Bank to create financing instruments for the benefit of the housing and tourism sectors, in order to achieve […]

Asia Emerging Markets Headlines International Morocco

Sahara: Cambodia expresses support for Morocco’s sovereignty, territorial integrity

Cambodia expressed, Monday from Rabat, its full support to Morocco’s sovereignty and territorial integrity as well as its respect to the Kingdom’s efforts to reach a negotiated political solution to the Sahara issue. This position was expressed in a joint statement issued after talks between Cambodian Deputy PM and Minister of Foreign Affairs, Prak Sokhonn, […]

Africa Asia Business Emerging Markets Finance Headlines International

Burking Faso proposes establishing joint Russia-Africa bank to promote trade

Africa should aim at creating a joint bank with Russia to facilitate financial transactions between both sides and promote trade, according to one of Burkina Faso’s leading political figures. “I think that when it comes to strengthening cooperation with Russia in key areas of the economy, it is very important that we explore the possibility […]

Asia Headlines International Morocco

A Moroccan killed in Doha building collapse

The Moroccan embassy in Qatar has confirmed the death of a Moroccan national after a four-story building collapsed on Wednesday in Doha’s Bin Durham neighborhood. Qatari Interior ministry said the search & rescue teams pulled seven survivors from the rubble, while the one person killed was inside the building at the time of the collapse. […]

Asia Business Egypt International

Chinese company considers $2bn investment in cast-iron pipes, steel industry in Egypt

Shen Ching, a Chinese company producing cast-iron pipes and steel industry, has announced plans to invest $2 billion in Egypt’s Suez Canal Economic Zone. Head of the Chinese firm, He Kijo, made the announcement during a meeting with Prime Minister Mustafa Madbouli in Egypt. The project is set to be built on an area of […]

Asia Headlines International Morocco

Palestine: Morocco decries irresponsible & provocative remarks of Israeli Minister

The Moroccan government has condemned the irresponsible and provocative remarks made by Israel’s finance minister Bezalel Smotrich, who claimed there is no such thing as Palestinian history or culture and no such thing as a “Palestinian people.” Commenting this shameful statement made at a conference in France, Moroccan Foreign minister Nasser Bourita said on Wednesday […]