Asia Finance Headlines International Morocco

AMF grants Morocco $127 Million Loan

The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]

Asia Headlines International Morocco

Authorities avert a plan to brand Moroccan city’s streets after Wahabi preachers

Moroccans should watch out who they elect in local elections because some elected officials may tend to transpose their beliefs and ideologies on the public space as was the case recently in Temara, near Rabat, when a mayor named alleys and streets after Wahabi preachers known for their extremism. Morocco which follows the path of […]

Asia Headlines International Morocco

Covid-19: Morocco Receives Medical Donation from China, HCQ drugs from India

Morocco has received lately 36 respirators and 98,000 facemasks donated by Chinese state-owned Development Bank (CDB). The donation comes after Bank of Africa (BOA) of Moroccan BMCE Group had sent four months ago medical supplies to China following the coronavirus outbreak in Wuhan, Hubei province. After the Chinese hospitals, doctors and health workers were overwhelmed […]

Asia Headlines International Libya

UN sanction committee charges UAE for purchasing military equipment to sink boats off Libya

A panel of experts under UN Libya Sanction Committee has accused a UAE company for supplying helicopters and boats to rebel General Khalifa Haftar to attack vessels off Libyans coasts, Anadolu news agency reports. In confidential letters, the Panel of Experts has named Emirati company Fulcrum Holding in the purchase of six helicopters and two […]

Asia Headlines International Libya

UN blames Russian Wagner Group for showering Libya with 1,200 mercenaries

A report by a UN working group has blamed Wagner Group, a Russian security company, for smuggling inside war-torn Libya up to 1,200 mercenaries who have been on the side of rebel Gen. Khalifa Haftar. The report, drafted by independent sanctions monitors and submitted to the UN Security Council Libya sanctions committee, stressed that the […]

Algeria Asia Energy Headlines International

Lebanon:Arrest warrant against Algeria’s Sonatrach local CEO

A court in Lebanon has issued an arrest warrant against Chief of local Algerian oil company Sonatrach after the company has been accused of selling adulterated fuel and of corruption. Judge Nicolas Mansour, prosecutor of Mont-Liban court of appeal ordered the arrest of Tarek Faoual and several employees of Sonatrach Petroleum (SPC), a subsidiary of […]

Algeria Asia Energy Headlines International

Algeria’s Sonatrach, Russian Lukoil ink cooperation MoU

Algeria’s state-run oil company Sonatrach and Russia’s Lukoil on Monday signed a Memorandum of Understanding (MoU) covering many cooperation areas including joint investment and production at home and abroad. Sonatrach said the agreement will enable both sides to identify joint investments in oil exploration and production in the North African country after the adoption of […]

Asia Egypt Headlines International Morocco

COVID-19: UAFA contemplates cancellation of Arab Club Champions Cup

The Union of Arab Football Associations, UAFA, is considering cancelling the suspended Arab Champions Cup, dubbed the Mohammed VI Cup, over the continuous spread of covid-19 in the countries of the four finalist teams. The competition was suspended in February after the first leg of the first semi-final between Morocco’s Raja Casablanca and Egypt’s Ismailia […]

Asia Headlines International Tunisia

COVID-19: Tunisia places orders with Russia for medical equipment

Tunisia has turned to Russia to buy medical equipment including respiratory ventilators and masks for public hospitals amid ongoing fight against novel covid-19 with overall infection toll now over 1,000. Russian state-run news agency Sputnik revealed the request as the North African country’s envoy to Moscow, Tarak ben Salem, confirmed that the equipment will help […]

Asia Headlines International Libya

Qatar rejects Haftar’s proclaiming himself Libya’s ruler as a coup on legitimacy

Qatar said it rejects the announcement made last Monday by the commander of the self-proclaimed Libyan National Army, Khalifa Haftar, claiming he had been mandated by the people to rule the country, as a coup on legitimacy. “Haftar’s announcement is a new confirmation that he seeks a coup against the international legitimacy and the Libyan […]