Africa Asia Business Emerging Markets Headlines International Morocco

Seoul planning FTA with Morocco to diversify its trading partners

South Korea is planning to sign Free Trade Agreements (FTAs) with seven emerging countries, including Morocco, to boost growth momentum and diversify its trade portfolio. The announcement was made Friday by the South Korean Ministry of Trade, Industry and Energy, which affirmed that Seoul is planning to ink FTAs with Morocco, Kenya, Tanzania, Thailand, Pakistan, […]

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BRICS back UN-mediated mutually acceptable solution to Sahara issue

BRICS group said it backs an enduring and mutually acceptable political solution to the Sahara issue in line with UN Security Council resolutions. This came in a statement issued at the end of the BRICS summit in Johannesburg in South Africa, whose government attempted in vain to use the summit to promote the Algeria-backed separatist […]

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BRICS reject Algeria’s membership

As was expected, the BRICS put Algeria in its place by rejecting its long sought after bid to join the group, which announced it will welcome six new countries with a diversified and higher growth economies. The group agreed to admit Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates following its summit […]

Africa Asia International

Africa calls for change in economic relations with China: from infrastructure to industrialization

African countries have called on China, Africa’s largest trading partner for 14 consecutive years, to shift the focus of the economic relationship from building infrastructure on the continent to supporting local industrialization. With China’ trade with Africa having surged in 2022 by 14.8% year-on-year to reach $282 billion, the Asian powerhouse has been Africa’s largest […]

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Japan inks critical mineral deals with five African countries to mitigate reliance on China

Japan has secured deals with five African countries in a move aimed at mitigating Tokyo’s reliance on China for critical minerals, which comes as strategic competition between Western allies and China for access to key raw materials used in high-tech industry heats up. Japan’s Economy, Trade and Industry Minister Yasutoshi Nishimura, accompanied by Ichiro Takahara, […]

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Benin’s Patrice Talon visits China next week

Benin’s President Patrice Talon is expected in China next Tuesday August 29 for talks with the Chinese top leader Xi Jinping, local medias report. The visit will highlight by the holding of an economic summit. The visit comes seven months after both countries signed in January 2023 a Memorandum of Understanding (MoU) on partial debt […]

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MENA travel trends 2023: UK, US, France, UAE top picks, close to home & experience-focused tourism

The United Kingdom, the United States and the United Arab Emirates are top travel picks for Africans and Middle Easterners in 2023, according to a recent Mastercard report that also highlighted an increasing trend when African travelers prioritize authentic experiences over material possessions, which in turn reshapes industry dynamics. Apart from uncovering the United Kingdom, […]

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India underscores unilateral character of invitation to BRICS summit in Johannesburg

India made it clear that invitations to the BRICS summit due on August 24 in Johannesburg are unilaterally made by the South African government. In New Delhi, the Indian federation government has issued a statement saying that the invitations extended by South Africa for the BRICS/Africa meeting, due in Johannesburg, are based on a unilateral […]

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Would Tunisia be the next Arab state to normalize ties with Israel?

Algerian officials are warning Tunisia would be the next state to normalize ties with Israel leaving pro-Iran Algeria encircled in the region. Algerian official and head of a pro-military party Abdelkader Ben Grina said Tunisia would normalize ties with Israel, ringing the alarm bell for a regime that has long used the anti-semitism card to […]

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Singapore’s Changi Airports International signs deals to improve Cairo International Airport

Singapore’s Changi Airports International inked Thursday August 17 in Singapore two deals with Cairo Airport Company to jointly develop Cairo International Airport, “Ahram Online” reports, citing the North African country’s Civil Aviation Ministry. The first deal, a consultancy agreement, is passenger-focused and seeks to implement impactful solutions to improve the passenger experience at Cairo International […]