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East Africa: EU Global Gateway struggles to challenge rival China’s BRI

To offer developing countries an “alternative” to China’s Belt and Road Initiative (BRI), the EU launched, in 2021, its €300 billion Global Gateway scheme but as Kenya’s case shows, the EU’s initiative struggles to challenge its Chinese rival. For the European Union, investing in trade routes is about economic development and a way to push […]

Asia Headlines International Morocco

Situation in Palestine: Morocco’s King has continuously called for moving away from the logic of conflict & violence, for promoting the logic of peace – FM

King Mohammed VI has continuously called for moving away from the logic of conflict and violence, to promote that of peace, cooperation, and to build up a prosperous space for all the peoples of the Middle East region. The remarks were made by Minister of Foreign Affairs, Nasser Bourita, on Wednesday in Cairo as he […]

Asia Headlines International Morocco

Repatriation of Moroccan young girl who was with her mother in Iraqi Jail

A Moroccan girl, who was held with her mother in an Iraqi prison, was repatriated to Morocco this Monday on humanitarian grounds to enable the little girl to grow up in a healthy environment. The announcement was made by the Inter-ministerial Delegation for Human Rights (DIDH), a government body. The move comes in response to […]

Asia Headlines International Morocco

Gaza: Morocco expresses deep concern at outbreak of military action, condemns attacks on civilians wherever they Are

Morocco has expressed its deep concern at the deterioration of the situation and the outbreak of military action in the Gaza Strip, condemned attacks against civilians wherever they may be, and called for an immediate halt to all acts of violence. A statement issued this Saturday by the Ministry of Foreign Affairs said Morocco which […]

Asia Emerging Markets Headlines International Morocco

PLO official commends Moroccan King’s firm & unwavering positions, Morocco renews commitment to Palestinian cause

Secretary General of the executive committee of the Palestine Liberation Organization (PLO) Hussein Al-Cheikh has commended the firm and unwavering support of King Mohammed VI to the Palestinian cause and the establishment of an independent Palestinian state. “The Moroccan stance regarding the establishment of an independent Palestinian state with East Jerusalem as its capital is […]

Asia Headlines International Morocco

World Cup 2034: Morocco supports Saudi Arabia’s bid

Morocco has affirmed its full support for the desire of brotherly Saudi Arabia to bid to host the final stages of the 2034 Football World Cup.   The Ministry of Foreign Affairs said in a press release that this support stems from the strong ties linking King Mohammed VI, to his brother the Custodian of […]

Asia Business Emerging Markets Headlines International Morocco

Morocco, Israel sign MoU on agricultural and water Cooperation

Morocco and Israel signed last week in Marrakech a Memorandum of Understanding (MoU) on the establishment of an agricultural technology project focusing on aquaponics. The agreement provides for the establishment of a center for agricultural studies. The institution is expected to serve as a hub for knowledge exchange and innovation in farming techniques, benefiting both […]

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China’s modernization success inspires African countries to seek independent development paths

More and more African countries seem to have taken inspiration from China’s unique economic development over the past decades and try to follow the development paths that suit their own respective domestic conditions. “The African people have the most say on which path suits Africa best,” said Chinese President Xi Jinping at the China-Africa Leaders’ […]

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UAE flexes its climate finance muscles to contribute to Africa’s green energy transition

As the United Arab Emirates (UAE) prepares to host the COP28 climate summit from 30 November to 12 December, the Gulf state has made a marked presence in Africa’s burgeoning green finance sector, with a group of Emirati investors having unveiled a landmark $4.5 billion pledge to invest in clean energy projects on the continent […]

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Central banks of Egypt, UAE ink bilateral currency swap Agreement

The Central bank of Egypt (CBE) and that of the United Arab Emirates (CBUAE) signed Thursday September 28 a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Egyptian Pound (EGP). CBE Governor Hassan Abdullah and his UAE counterpart Khaled Mohamed Balama penned the deal that allows the exchange of local currencies between […]