Europe Finance Headlines International Morocco

Financial Times: Morocco’s Stability Enables It to Attract Steady Flow of Investment

Morocco has attracted a steady flow of foreign direct investment, unlike the rest of North Africa, which has seen a sharp decline in FDI, said the Financial Times in a story published Thursday. While many economies in North Africa have struggled to bring back foreign investors, Morocco has fared better than most. It has a […]

Europe Headlines International Morocco

Norway lays to rest student killed in Morocco’s Atlas Mountain

Norwegian authorities early this week held in the presence of Morocco’s ambassador, the funerals of the 28-year old student killed mid-last month along wirh her Danish friend, in the Moroccan Atlas Mountain. Maren Ueland from the town of Time was killed in the Atlas Mountain in the night of December 16-17 in what Moroccan authorities […]

Europe Finance Headlines International Tunisia

EU Extends Tunisia Record Assistance

The European Union announced Wednesday it adopted a financial assistance package worth €305 million to Tunisia, which is the highest amount ever allocated under the European Neighborhood Instrument. The funds will assist the North African country create jobs for youth, close gaps among local communities, promote entrepreneurship and improve living conditions. “This record financing reflects […]

Business Europe Headlines International Morocco

European Parliament’s Fisheries Committee adopts Morocco-EU fisheries agreement

The European Parliament’s Committee on Fisheries adopted Wednesday (Jan.23), by a large majority, the fisheries agreement between Morocco and the European Union (EU). The decisive vote of this committee, which decides on substantive issues, is the final step in the European Parliament’s specialized committees before the ultimate adoption in a plenary session expected to take […]

Asia Europe Headlines International

Syria: EU adds eleven businessmen, five entities to sanctions list

The European Council added eleven prominent businessmen and five entities to the list of those subject to restrictive measures against the Syrian regime and its supporters. These businessmen and companies are involved in luxury estate development and other regime-backed projects, and as such support and/or benefit from the Syrian regime, the Council said in a […]

Europe Headlines International

Italy calls for EU sanctions on France for creating poverty in Africa

Italy’s Deputy Prime Minister on Monday insisted that France’s policies in Africa have created poverty and triggered migration, calling for European Union’s sanctions on the member of the bloc. Deputy Prime Minister Luigi Di Maio accused Paris of continuing to colonize Africa and pushing people to migrate from the continent. Luigi di Maio made the […]

Asia Europe Headlines International

Berlin orders Iran’s Mahan Air to suspend Germany-bound flights

Germany’s transport ministry Monday notified Mahan Air, Iran’s second largest carrier, to halt flights to German cities as part of Berlin’s sanctions over Tehran-linked practices to muzzle dissent in the EU bloc. The Iranian airline received notification from the Federal Aviation Office (LBA) “ordering the immediate suspension of its authorization to operate passenger flights from […]

Business Europe Headlines International Morocco

Renault’s Market Share in Morocco Rises to 42% in 2018

French carmaker Renault topped the podium of car sales in Morocco with a market share of 42% in 2018, that is 75.418 cars. A report by Renault said that Morocco remains the main market for the group where it has production plants in Tangier and Casablanca. Last October, Renault said it will bring up its […]

Europe Headlines International Morocco

Morocco Calls for further Western Mediterranean Action on Migration, Youth

Morocco wants the Western Mediterranean to think as a coherent regional grouping while addressing common challenges relating to migration and youth. Speaking at a foreign ministers meeting of the 5+5 countries, held Friday in Malta, Morocco’s foreign minister Nasser Bourita urged the group to think and act as a G10 bloc in order to give […]

Europe Headlines International Morocco

Morocco Stops 89,000 Illegal Crossings to Europe in 2018

Morocco thwarted 89,000 illegal migration attempts to Europe in 2018 as the country became the main gate for migrants willing to risk their lives in the Mediterranean sea to reach Europe, the National Observatory for Migration said. The North African country, a migrants’ destination itself, became a main gate for Europe after Italy pushed for […]