Africa Asia Finance Headlines International

India allocates $180 million loan for drinking water projects in Ghana

Ghana has signed a $180 million agreement with Exim Bank of India to finance a drinking water supply project in the northern part of the country. The loan, bearing a 1.5% interest rate, will be repaid over a 25-year period. The money will be invested in drinking water supply projects. The project includes the construction […]

Asia Headlines International Morocco

Moroccan King’s Envoy Carries on Gulf Tour with Visit to Doha

Moroccan Foreign Minister Nasser Bourita who is carrying messages from King Mohammed VI to the rulers of the Gulf countries carried on his Gulf tour with a visit to Doha this Thursday. Upon arrival in Doha, Bourita was received by the Emir of Qatar, Sheikh Tamim Bin Hamad Al-Thani, to whom he conveyed the royal […]

Americas Asia Egypt Headlines International

Egypt to pull out from planned Arab NATO-style force

Egypt Wednesday informed the United States it was withdrawing from the US-led military NATO-style initiative being planned in the Arab world in view of countering Iran’s influence in the region. Egypt’s decision was revealed a day after President Fattah al-Sisi visited US leader Donald Trump in the White House. The withdrawal deals a blow to […]

Asia Headlines International Morocco

King Mohammed VI sends messages to King of Saudi Arabia, Sovereign of Bahrain

King Mohammed VI has sent messages to King Salman bin Abdulaziz of Saudi Arabia and to Bahrain’s ruler, King Hamad bin Issa Al Khalifa. The message to the Saudi King was handed over on Wednesday at the Al Yamamah Palace in Riyadh, by Foreign Minister Nasser Bourita. During this audience, Bourita conveyed to the Custodian […]

Asia Headlines International Morocco

Sahara: Kuwait Reaffirms Full Backing to Morocco’s Territorial Integrity

Kuwait has reiterated its “solid and unwavering” support to Morocco’s territorial integrity and to the autonomy plan offered by the North African country as the basis of a negotiated solution to the Sahara regional conflict. Kuwait renewed its full backing to Rabat during the 9th meeting of the joint Moroccan-Kuwaiti cooperation committee convened Tuesday, in […]

Asia Headlines International Morocco

King Mohammed VI sends message to Crown Prince of Saudi Arabia

King Mohammed VI of Morocco has sent a message to Saudi Crown Prince Mohamed Bin Salmane.   The message was handed over to the Saudi crown Prince who is also vice-president of the council of ministers and defense minister by Foreign Minister Nasser Bourita in Riyadh Tuesday.   The Royal message deals with bilateral cooperation […]

Asia Finance Headlines International Morocco

IsDB Supports Morocco’s Inclusive Development & Job Creation

Morocco and the Islamic Development Bank (IsDB) have sealed a new partnership program focusing on inclusive economic development, competitiveness, exports and jobs creation. The four-year action plan (2019-2022) was sealed this weekend in Marrakech on the sidelines of the 44th annual meeting of the IsDB. It was inked by President of IsDB Group Bandar Hajjar […]

Africa Asia Columns Finance Headlines International Morocco Opinions

Morocco’s King Urges IsDB Group to bolster Private Sector, Engine of Growth

King Mohammed VI has urged the Islamic Development Bank to help its member countries to diversify their economies and stimulate the private sector, a growth engine and a source for the creation of wealth. In a message to the 44th annual meeting of IDB Group, convening in Marrakech (April 5-6), the Moroccan Sovereign said most […]

Americas Asia Europe Headlines International Libya

Libya: Western Powers, UAE Urge All Parties to Deescalate Tensions

 The governments of France, Italy, the United States, the United Kingdom as well as the United Arab Emirates have expressed deep concern over fighting in Libya and urged all parties to immediately de-escalate tensions, which are hindering prospects for UN political mediation. In a joint statement issued Thursday, the five countries said at this sensitive […]

Asia Business Headlines International Morocco

Morocco: Japan’s Mitsui Kinzoku Act lays for door latches production plant

Mitsui Kinzoku Act Tanger Maroc SARL, subsidiary of Mitsui Kinzoku Act has launched in Tangiers the construction of its latches production plant that enables the Japanese firm to position itself closer to its European market. The future plant located in Tangiers Free Zone Automotive City will cost the functional automobile parts manufacturer around €12.5 million. […]