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 […]

Africa Asia Blogs Business Community Emerging Markets Headlines International

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’ […]

Africa Asia Emerging Markets Finance Headlines International

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 […]

Asia Egypt Finance Headlines International

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 […]

Asia Business Energy Headlines International Morocco

South Korean LG Chem teams up with China’sxHuayou Group to build 2 plants in Morocco

South Korean LG Chem announced Sunday that in partnership with China’s Huayou Group it will establish two factories in Morocco for the production of lithium-phosphate-iron (LFP) cathode materials and lithium conversion, essential components in the manufacturing of batteries for electric vehicles. LG Chem and Huayou Group signed a comprehensive memorandum of understanding (MOU) on September […]

Asia Business Emerging Markets Energy Headlines International Morocco

Morocco’s Al Mada, China’s CNGR to partner in $2 bln EV battery plant

Morocco’s private investment fund Al Mada and China’s CNGR Advanced Materials said they will partner to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars. The two parties announced in a joint statement that construction will start this year for the plant that is planned to be operational in 2025. Local […]

Asia Europe Headlines International Morocco

Morocco’s King thanks heads of state who sent earthquake rescue teams

King Mohammed VI thanked the heads of state of the UAE, Qatar, Spain, and the UK for the contribution of their rescue teams in the relief efforts after the earthquake. Morocco accepted aid from the four countries following a 7- magnitude earthquake that left around 3000 deaths and destroyed whole villages in the High Atlas […]

Asia Community Headlines International Morocco

Morocco slams storming of Al-Aqsa Mosque

Morocco, whose King Mohammed VI chairs the Al-Quds Committee, condemns the storming of the Al Aqsa Mosque by a group of extremists, a source at the ministry of Foreign Affairs said. These acts of escalation are likely to stir up feelings and undermine appeasement efforts in the occupied Palestinian territories, the same source pointed out. […]

Asia Headlines International Morocco

Morocco earthquake lifts land up 20cm- Japanese scientists

The 7-magnitude earthquake that struck Morocco on September 8 lifted land around the epicenter up 20 centimetres, according to Japanese scientists. Deformation of land was confirmed in an area about 50 kilometres east and west and 100 kilometres north and south of the epicentre, the Geospatial Information Authority of Japan said. Its analysis of the […]