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World Bank: Geopolitical Tensions Affect Growth in MENA in 2019

Economic growth in the region of North Africa and the Middle East is expected to drop to 0.6 pc in 2019 against a 1.2 pc growth posted last year, says the World Bank in its latest report. The growth forecast for 2019 has been revised downwards due to intensified global economic headwinds and rising geopolitical […]

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World Policy Conference wary about global uncertainty at Marrakech gathering

The 12th forum of World Policy Conference taking place in Marrakech has sounded the alarm over global uncertainty entertained by several political and economic crises including the US- China trade war that it warned will slow the development of several African country. Thierry de Montbrial, Chairman and founder of the World Policy Conference (WPC) speaking […]

Asia Business Headlines International Maghreb Morocco

Automotive Industry: Japanese JTEKT Inaugurates Steering Systems Factory in Tangier

Leading Japanese car parts maker, JTEKT, has inaugurated this Wednesday Oct.9 in the Tangier Automative City Zone its new steering systems production factory, worth $22.7 million.   Executive Director of JTEKT Corporation, Hirofumi Matsuoka, said at the inauguration ceremony that this new plant in Tangier is JTEKT’s first industrial site on the African continent.   […]

Asia Headlines International Maghreb Morocco

Gulf Countries Reiterate Support for Morocco’s Territorial Integrity

They renew backing to the Morocco-proposed autonomy initiative as a compromise solution to the Sahara issue. Saudi Arabia, Kuwait, the UAE, and Bahrain have renewed their backing to Morocco’s position on the Sahara issue, to its territorial integrity, and to its sovereignty over its southern provinces.   In their addresses on Monday before the UN […]

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Saudi Arabia pledges Support for ‘New Sudan’

Saudi Arabia’s foreign ministry last weekend said the country is working on removing Sudan from the United States’ list of terrorism sponsors. Riyadh made the announcement following a visit to Saudi Arabia by the head of Sudan’s transitional sovereign council Abdel Fattah al-Burhan, and Prime Minister Abdalla Hamdok. The duo met with King Salman. In […]

Asia Headlines International Morocco

Mohammed VI Cup: Raja and Wydad cruise to the round of 16

Casablanca’s two major teams, Raja and Wydad, have booked their tickets for the knockout stages of the Arab Cup of Champion Clubs, the Mohammed VI Cup, named this year after Morocco’s King.   Having won the first leg 1-0 against the Palestinian Hilal Al-Quds, Raja also won the return game played at Faisal Al Hosseini […]

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Mohammed VI Cup: Israel denies entry to Raja Casablanca fans for match with Hilal Al-Quds

One Raja player and a group of fans have been refused access to the West Bank by Israeli authorities for the second leg match between the Moroccan club and the Palestinian Hilal Al-Quds as part of the Mohammed VI Cup. The visiting club landed Monday in Jordan before setting sail to the West Bank through […]

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Japan, Morocco to conclude tax Convention

Japan and Morocco have agreed in principle on a tax convention that will promote further mutual investments and economic exchanges between the two countries, announced the Japanese Foreign Ministry on its website on Tuesday. The Convention includes provisions for the purposes of clarifying the scope of taxation in the two countries, eliminating international double taxation […]

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Morocco’s King Calls on Islamic Countries to Take Joint Action against Climate Change

King Mohammed VI has called on Islamic countries to adopt a common action to counter the challenges of climate change, saying no single country, whatever its capabilities, can effectively address the pressing environmental problems and their negative effects which go beyond geographic borders. In a message addressed to the 8th Islamic Conference of Environment ministers, […]