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COP29 in Baku: Africa hopes for new climate finance deal to support its energy transition

The 29th UN Climate Change Conference (COP29) has kicked off in Baku, Azerbaijan, bringing global attention to urgent issues surrounding climate finance, as African nations call for more funds to fight the impact of climate change. Taking place from 11-22 November in Azerbaijan’s capital, the COP29 conference’s main focus is on the challenge of finding […]

Asia Headlines International Morocco

Arab & Islamic leaders laud Al Quds Committee contributions in support of Palestinian people

Arab and Islamic leaders have hailed the substantial support provided by Al Quds Committee, chaired by King Mohammed VI, to the Palestinian people, especially the Maqdissis. The supportive stand comes in a resolution adopted by the joint Arab League and Organization of Islamic Cooperation (OIC) summit held Monday in Riyadh to discuss Israel’s ongoing wars […]

Asia Headlines International Morocco

Saudi Arabia hosts Arab-Islamic emergency summit on Israeli aggression on Palestinian, Lebanese Territories

Saudi Arabia is hosting this Monday an Arab-Islamic emergency summit aimed at addressing the intensifying crisis in Palestine and Lebanon. The summit is gathering leaders from across the Arab and Islamic world, with discussions expected to focus on Israel’s military actions and escalating violence in the Palestinian and Lebanese territories. Morocco’s King Mohammed VI is […]

Asia Business Emerging Markets International

China boosts support for Africa’s least-developed countries to attend November expo

The upcoming 2nd edition of China International Supply Chain Expo (CISCE) will see higher participation from the least-developed countries, especially from Africa, in part in an attempt to showcase China’s resilience against trade barriers from the United States and other trade partners. The organizers of the CISCE that kicks off in Beijing on 26 November […]

Asia Features Headlines International

Sudan govt scraps $6bn Red Sea port deal with UAE

Sudan has cancelled a $6 billion deal with the United Arab Emirates (UAE) to develop a Red Sea port, in an apparent protest against Abu Dhabi’s alleged support for the Rapid Support Forces (RSF), the paramilitary group engaged in the country’s ongoing bloody conflict. Sudan’s Finance Minister Gibril Ibrahim said on Sunday (3 November) his […]

Asia Business Emerging Markets Headlines International Morocco

Automotive: Morocco, leading exporter to Europe, outperforming China in 2023

Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]

Asia Culture Headlines International Morocco

Dar Al Maghreb Pavilion in Doha inaugurated by Princess Lalla Hasnaa, Sheikha Al Mayassa Bint Hamad Al-Thani

Princess Lalla Hasnaa, accompanied by Sheikha Al Mayassa Bint Hamad Al-Thani, inaugurated, on Friday in Doha, Morocco’s “Dar Al Maghreb” pavilion, a space dedicated to Moroccan culture and history, set up to mark the Qatar-Morocco 2024 Year of Culture. The pavilion, focal point of this cultural event that celebrates the exceptional relationship between Morocco and […]

Asia Business Energy Headlines International Morocco

Gotion Power Morocco partners with Acwa power in $800mln wind project

Gotion Power Morocco, a subsidiary of Chinese giant Gotion High Tech, signed a deal under which Saudi Arabia’s ACWA Power will build a 500MW wind plant, worth 800 million dollars. The plant will be equipped with 2000 MW battery storage system and will help power the EV battery plant that Gotion Power Morocco is building […]

Africa Asia Emerging Markets Headlines International Morocco

Marrakech Air Show 2024: Moroccan military cooperation discussed with UAE, Cape Verde

Moroccan military and defense cooperation with the United Arab Emirates and Cape Verde was discussed on the sidelines of Marrakech Air Show 2024 held October 30 through November 2. In this connection, Inspector General of the FAR and Commander of the South Zone, Lieutenant General Mohammed Berrid, held separate meetings Thursday with Chief of Staff […]

Africa Asia Emerging Markets Finance Headlines International

Saudi Arabia pledges $41 bln investment in Africa over next decade

Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]