The United Nations has warned against escalation in the Red Sea following multiple airstrikes by US and UK forces targeting Houthi rebels in Yemen who have vowed fierce retaliation. “These developments in the Red Sea and the risk of exacerbating regional tensions are alarming,” the UN Assistant Secretary-General, Khaled Khiari, has said, calling for the […]
Asia
Resource curse: more Africa countries could benefit from China’s new tariff-free policy
China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]
Morocco, UAE, Egypt, Jordan, Bahrain team up in industrial partnership
Morocco joined an Arab industrial cooperation partnership bringing together the UAE, Egypt, Jordan and Bahrain aiming to promote investments and economic development. The partnership’s MoU was signed in Manama by the five countries during a high-level ministerial meeting, attended by Moroccan industry minister Ryad Mezzour. The partnership offers a promising cooperation platform to support sustainable […]
Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project
A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]
Houthis’ Red Sea attacks spike Asia-Morocco shipping cost by over 60%
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted global supply chains and sparked a jump in Asia-Morocco shipping costs by 60% to 100%. “The cost of shipping a 20-foot container from Shanghai to Casablanca increased from $1,450 to $2,800 (from €1,324 to €2,557) since last month’s 15th,” Rachid […]
Moroccan-Saudi Economic Forum Convenes in Riyadh Jan. 21-22
A Moroccan-Saudi economic forum will be held in Riyadh this January 21-22 by the Moroccan Employers’ Association (CGEM) in cooperation with the Federation of Saudi Chambers. The program of the forum features presentations on the business climate in Morocco and Saudi Arabia, a session on investment opportunities in the two countries, a meeting of the […]
2024 Korea-Africa Summit: Another setback for Algerian regime as Seoul refuses Polisario’s participation
The government of South Korea has excluded the Algeria-backed Polisario separatist group from the list of invitees to the 2024 Korea-Africa summit, dealing another hard blow to the Algerian regime. According to diplomatic sources, Morocco has been invited to take part in the event by Seoul which has affirmed that ONLY sovereign African states recognized […]
Israel denies reports of secret talks with many countries on relocation of Gaza’s Palestinians
A senior Israeli official on Wednesday evening rubbished a report by local media earlier in the day claiming that Israel is “in talks with the Democratic Republic of Congo” and other nations to discuss the possibility of relocating thousands of Gazans to these countries, Times of Israel reports. “There are those in Israel who think […]
UAE, Congo ink trade agreement
United Arab Emirates (UAE) and Congo have sealed a comprehensive bilateral trade agreement that is expected to reduce or eliminate tariffs, remove unnecessary trade barriers, and improve market access. Thani Al Zeyoudi, UAE Minister of Trade announced the deal on X, former Twitter. “The breadth of the UAE’s trade network continues to broaden as we […]
Moroccan innovator among winners of ICESCO contest for Arabic language learning Apps
Moroccan Mohamed Zaouin, from Souss-Massa’s Education and Training Academy, stands among the winners of the competition organized by the Islamic World Educational, Scientific, and Cultural Organization (ICESCO) for young people in the creation of digital content for learning Arabic. Zaouin, honored for his smartphone app Boustan Al Arabia, secured the third position in this competition, […]