First Independent Mena Newspaper
Japan will release to Egypt $301 million to finance the implementation of phase one of Cairo Metro’s fourth line. The related agreement was signed between Egypt’s Minister of International Cooperation, Rania El-Mashat and the Minister of Transport, Kamel El-Wazir, and Japan’s Embassy in Egypt and the Japan International Cooperation Agency (JICA), Mubasher reports. The funds […]
Visiting Azerbaijani Deputy Foreign Minister, Fariz Rzayev, emphasized, Tuesday in Rabat, the excellent level of cooperation between Morocco and his country despite the geographical distance, highlighting ways to strengthen bilateral relations. At a conference at the headquarters of the presidency of the Mohammed V (UM5) University, held under the theme “Azerbaijan post-conflict-vision”, the Azerbaijani official […]
Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]
An Egyptian-Qatari Business Forum will be launched during the first quarter (Q1) of 2023, Mubasher reports citing sources familiar with the matter. Egypt’s General Authority for Investment and Free Zones (GAFI) has been mandated to arrange the event, the sources indicated noting that the forum will be launched at the Gulf country’s recommendation. A number […]
Pakistan has invited Morocco to take part in the 8th Naval Exercise Aman (Peace) to be organized in February next year by this South-Asian Muslim country. The invitation was extended during a visit paid by Chief of Pakistan Naval Staff Admiral Muhammad Amjad Khan Niazi to the North African Kingdom, according to press reports. During […]
The Japanese Sumitomo corporation intends to expand its operations in Morocco with the launch of nine new industrial units for the manufacturing of wiring and components in different regions of the Kingdom for a total investment of 1.96 billion dirhams. The framework agreement between Morocco and Sumitomo corporation for the development of these industrial projects […]
Member-states of the Organization of Islamic Cooperation (OIC) have chosen Nigeria to serve as a food and grain storage hub for the group’s member states. “All the member countries of OIC selected Nigeria as the storage hub,” Director of Nigeria’s Federal Department of Agriculture, Abdullahi Abubaka, said. The OIC Secretariat will mobilize resources, […]
Preparations for the COP28 (Conference of the Parties to the United Nations Convention on Climate Change), scheduled to take place in Dubai in late 2023, were at the centre of talks, Monday in Rabat, between the Minister of Energy Transition and Sustainable Development, Leila Benali and visiting UAE Minister of Industry and Advanced Technologies, Sultan […]
In a bid to maintain their strong grip on power and avoid U.S. sanctions for financing Moscow’s war in Ukraine through the purchase of Russian weapons, the Algerian rulers started distancing themselves from their Russian historical ally and main arms supplier. According to Spanish newspaper “El Confidencial” and French daily “Courrier International”, the Algerian military […]
Sudanese government has signed a $6 billion agreement with a consortium led by the United Arab Emirates’ AD Ports Group and Invictus Investment to develop a new port and economic zone in the Red Sea. “This mammoth project, estimated to cost around $6 billion, will give a powerful boost to the national economy and bring […]