Asia Business Emerging Markets Headlines International Morocco Technology

Morocco eyes military gains from restored ties with Israel

Israeli air force commander General Tomer Bar is paying his first official visit to Morocco since the two countries restored ties in 2020, followed by similar visits of top army commanders auguring well for defense cooperation as Rabat seeks state-of-art military technology and investments. The visit features talks with his Moroccan peer General El Abd […]

Asia Business Egypt International

Turkish Beko injects $100m in its projected plant in Egypt

Turkish major appliance and consumer electronics brand Beko indicated Thursday it has invested $100 million in the Egyptian market for their plant project. General Manager of Beko Egypt Umit Günel made the announcement in a press release. The company in December laid the foundation stone of its Beko Egypt factory. The plant is set to […]

Africa Asia International

Russia rules out firing hypersonic missile during South Africa joint naval exercise

As Russia, China and South Africa have started joint naval drills amid Ukraine war, Moscow said its military will not test-fire a hypersonic missile during the exercises, contradicting earlier reports in Russian state media. A senior Russian naval official told a news conference that the contentiously-timed war games this week would not include Russia’s military […]

Asia Business Egypt Headlines International

Saudi Arabia shelves plan to take over United Bank of Egypt over disagreement with Cairo

Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]

Africa Asia Community Headlines International

Surge in migration from Horn of Africa to Gulf states is alarming, UN warns

The number of women and children migrating from the Horn of Africa to the Gulf states has significantly increased and is a cause of concern, the head of the UN’s International Organization for Migration (IOM) has warned, citing climate change as the main driver of the increased migration. The treacherous journey from Djibouti, Ethiopia and […]

Africa Asia Emerging Markets Headlines International

Africa unhappy with Western-led order, but rejects system led by Chinese, Russian autocrats — report

Global attitudes toward China and Russia have shifted since the Kremlin’s invasion of Ukraine, but African countries’ discontent with the West has not translated into a desire for Beijing or Moscow to wield greater influence over the international order, the annual report of the Munich Security Conference has found. Critics have accused African governments of […]

Asia Community Headlines International

Washington, European powers condemn Israeli settlement plans in joint statement

The Foreign Ministers of the US, the UK, France, Germany and Italy issued a joint statement on Tuesday condemning Israel’s decision to legalize nine outposts and advance plans for some 10,000 new settlement homes in the West Bank. The Foreign Ministers said their countries “are deeply troubled by the Israeli government’s announcement that it is […]

Asia Headlines International Morocco

Saudi Arabia, Morocco agree to enhance judicial cooperation

The Moroccan and Saudi Public Prosecution authorities have agreed to foster cooperation ties and exchange experiences in the fight against transnational organized crime, money laundering and cybercrimes. The agreement was inked in Rabat by President of the Moroccan public prosecutor’ Office Hassa Daki and Saudi Attorney General Saud Bin Abdallah Al-Mujab. The two countries’ public […]

Asia Community Headlines International Morocco

Earthquake in Türkiye claims lives of 10 Moroccans as death toll rises

The death toll among the Moroccan community in Türkiye, in the violent earthquake that struck the south of the country, has now reached ten, the Kingdom’s embassy in Ankara said Monday. Four new victims, all women, have died in this earthquake, said the diplomatic mission. On February 6, Turkiye and Syria woke up to one […]

Asia Business Egypt Headlines International

Egyptian, Saudi stock markets sign MoU to boost cooperation

The Egyptian Exchange (EGX) and the Saudi Tadawul Group have signed a memorandum of understanding (MoU) to strengthen joint cooperation, Arab Finance reports citing an emailed press release of February 13. The MoU was signed on the sidelines of the ongoing Saudi Capital Market Forum, held in Riyadh February 12-14. “We seek to cooperate with […]