Asia Business Emerging Markets Headlines International Morocco

Arab-Central Asia economic cooperation forum hails role of Al-Quds Committee Presidency

The 3rd Arab Economic and Cooperation Forum with the countries of Central Asia and Azerbaijan, held on Tuesday in Doha at the level of Ministers of Foreign Affairs, Finance and Economy, highlighted the importance of the role of the Presidency of the Al-Quds Committee. In the Doha Declaration issued at the end of the Forum, […]

Asia Headlines International Morocco

Morocco strongly condemns extremists’ incursion into Al-Aqsa Mosque Esplanade

Morocco, whose King Mohammed VI chairs the Al Quds Committee, an offshoot of the Organization of Islamic Cooperation, strongly condemned the incursion by some extremists and their supporters into Al-Aqsa Mosque esplanade, as well as the provocative acts they committed in violation of its sacredness.   The Kingdom of Morocco expresses its rejection of all […]

Asia Headlines International Morocco

Security Cooperation: Chief of Morocco’s DGSN-DGST on a working visit to Qatar as part of a regional tour

Director General of Morocco’s National Security and Territorial Surveillance agencies Abdellatif Hammouchi paid a working visit to Qatar as part of a regional tour to several Middle Eastern countries. Hammouchi and his accompanying delegation met in Doha with several high-ranking Qatari security officials, including the head of State Security. According to a statement from the […]

Africa Asia Headlines International Mauritania

Africa, Middle East crises high on agenda at G7 foreign ministers meeting in Italy

As foreign ministers of the Group of Seven (G7) major democracies have gathered on the Italian island of Capri, Middle Eastern and African issues are also high on the agenda during the three days of talks. The continuing escalation of tensions in the Middle East — between Israel and Iran, the war in Gaza, and […]

Africa Asia Headlines International Maghreb

MENA’s economic outlook fraught with uncertainty amidst conflict, indebtedness — WB report

Lackluster growth, rising indebtedness and heightened uncertainty due to the conflict in the Middle East are impacting economies across the Middle East and North Africa (MENA) region, says a new report by the World Bank. According to the World Bank’s MENA Economic Update, the regional economies are expected to return to low growth akin to […]

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Chinese oil firm loans Niger $400 million

China National Petroleum Corporation (CNPC) agreed to offer a loan of 400 million dollars to the Niger government, which is struggling with the impact of sanctions. The loan is seen as one of the first steps to wean financial dependence on the West, with whom the military rulers are increasingly at odds, going as far […]

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‘Historical reversal’: World Bank warns of widening gap between poorest and wealthy nations

One-half of the world’s 75 poorest countries — more than half of whom are in Sub-Saharan Africa — are facing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, according to a new report released by the World Bank. The report unveiled this week […]

Asia Business Emerging Markets Headlines International Morocco

Drone Industry: BlueBird firm sets up production plant in Morocco

Morocco is strengthening its defense and deterrence capabilities by acquiring new military technology, enabling the North African Kingdom to address threats to its national security and regional peace. Moroccan lawmakers have already passed laws allowing the setting up of joint ventures in the defense industry as the country aspires to reduce its dependence on the […]

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Russia pushes for BRICS grain exchange to challenge western dominance in global market

Russia intends to establish a “grain exchange” with BRICS nations, aspiring to use this trade alliance of nine emerging countries to challenge Western dominance in agricultural trade. While the officially declared purpose of the inter-bloc grain exchange is to facilitate trade between BRICS member states, analysts say that the new alliance actually aims to become […]

Africa Asia Business Emerging Markets Headlines International

Red Sea attacks to shrink Africa’s trade volume, worsen its macroeconomic stability — report

Africa’s trade volume is projected to shrink in the first six month of 2024, as the recent attacks by Iran-backed Houthi rebels on commercial vessels will have a huge consequence on the economies of African countries, especially those in North and East Africa, says a new report compiled by Afrexim Bank. As Yemen-based militants continue […]