Asia Energy Headlines International Maghreb Morocco

Moroccan energy company to build refinery in north with Russian help

Morocco’s MYA Energy, Russian Development Bank and Russia’s export center agreed to build a 2 billion euro refiner with an initial 100,000 barrel per day capacity in northern Morocco. The refinery is designed to reach a target of 200,000 barrels per day and will offer thousands of jobs to locals, MAP news agency said. Citing […]

Africa Asia Business Headlines International

Russia-Africa Summit: Vladimir Putin vows no influence-attached partnership with Africa

Russian President Vladimir Putin Wednesday launched the first ever Russia-Africa summit and pledged influence-free relations with the continent that struggles to get rid of American, European and Chinese interferences. Some 43 African heads of state and government, including Morocco’s Saad Eddine El Othmani, have flocked to Sochi for the two-day Russia-Africa summit this October 23-24. […]

Asia Egypt Europe Headlines International

Egypt: UK lifts ban on flights to Sharm el-Sheikh

The United Kingdom Tuesday lifted travel restrictions to Egypt’s Red Sea Sharm el-Sheikh resort, four years after the Islamic State group (ISIS) brought down a Russian passenger jet. British authorities in 2015 imposed ban on flights to and from the resort city in reaction to the downing of the aircraft shortly after takeoff. The jet […]

Africa Asia Business Headlines International

Nuclear power, trade to top agenda of Russia-Africa Economic Forum

The Russia-Africa Economic Forum will host a panel discussion themed “Contribution of Nuclear Technologies in the Development of Africa,” organizers of the event announced. Sochi will host the Russia–Africa Economic Forum alongside the Summit on October 23-24. The Forum will be attended by African heads of state, representatives of Russian, African, and international business and […]

Asia Europe Headlines International

Germany: Three Iraqi refugees stand trial for plotting terror attacks

The German justice Monday began in Hamburg the trial of three Iraqi men charged of plotting terror attacks against non-Muslim believers. The defendants were arrested in January in the northwestern state of Schleswig-Holstein. The prosecution charged two of them, both aged 23, for trying to manufacture explosives using black powder from firework. The third, aged […]

Asia Headlines International Morocco

Morocco closes embassy in Lebanon, sets up crisis unit to help nationals

The Moroccan embassy said it closed its office in Beirut on the backdrop of continuing mass protests over economic and political problems in Lebanon. The embassy announced its closure on social media after setting up a crisis cell to help Moroccan nationals in Lebanon. Anger at political elites has engulfed Lebanon as hundreds of thousands […]

Africa Asia Headlines International Morocco

Morocco Hosts UNESCO Open-Water Symposium 2019

The UNESCO will organize October 28-31 in Morocco’s capital city Rabat a symposium on the sustainable management of water resources, called the Open Water Symposium. The symposium on water resource management responds to the problem of water stress faced by African and Middle Eastern countries. The use of software to manage irrigation, wastewater treatment and […]

Asia Finance Headlines International

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 […]

Africa Asia Business Headlines International Morocco

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.   […]