Europe Headlines International Morocco

UN-Sahara: Vienna Reaffirms Support to Morocco’s “Serious and Credible” Autonomy Plan

Foreign Minister of Austria Alexander Schallenberg has reaffirmed his country’s steadfast support to the autonomy plan presented by Morocco in 2007, describing the plan as a “very serious and credible” contribution to the UN-led process engaged for reaching a lasting solution to the Sahara regional issue. Mr. Schallenberg renewed Vienna’s backing during a meeting held […]

Europe Headlines International Libya

UN: Malta’s PM calls for withdrawal of ‘foreign fighters’ from Libya

Malta’s Prime Minister, Robert Abela, has called for the withdrawal of foreign forces from Libya and urged strict enforcement of the Libyan arms embargo, in accordance with Security Council resolutions. Speaking at the UN General Assembly, Abela emphasized that assisting the Libyan people in finding a lasting solution to their prolonged institutional crisis is a […]

Africa Americas Energy Headlines International

US agency offers Sierra Loan $430 mln grant to boost electricity access

The Millennium Challenge Corporation, a U.S. state development fund, offered a grant of $430 million to help Sierra Leone generalize electricity access. The grant would back efforts to give electricity access to some 4.6 million people in the country where 30% of the population lacks electricity. Electricity access is a major issue in Sub-Saharan Africa, […]

Asia Features Headlines International

Seven Hezbollah senior leaders killed in Israeli’s strikes

The Israeli military announced on Sunday November 29 that it had killed another senior Hezbollah official in an airstrike, further escalating pressure on the militant group following a series of high-profile losses, including the assassination of its top leader, Hassan Nasrallah. The military confirmed that Nabil Kaouk, the deputy head of Hezbollah’s Central Council, was […]

Europe Headlines International Morocco

President Macron to visit Morocco late October, Elysee

French president Emmanuel Macron is expected to pay a visit to Morocco by the end of October, according to the Presidential palace, the Elysee. The visit would take place on October 29-30, sources told le360, as the two countries build on the momentum created by Paris support for Morocco’s territorial integrity, ending a period of […]

Africa Emerging Markets Headlines International Morocco

Sahel States laud Royal Atlantic access initiative as strategic

Sahel States have lauded King Mohammed VI’s initiative aiming to facilitate their access to the Atlantic Ocean, as a “highly important strategy” for co-development and prosperity in the region and as a move that will help the Sahel states diversify their sources of access to the Atlantic. This came in a joint communiqué released following […]

Africa Asia Finance Headlines International

Kenya seeks $1.5 bln loan from the UAE, agencies

Kenya is seeking a financing of $1.5 billion from the UAE to bolster its public finances, Reuters and Bloomberg reported, citing sources. Kenya has sought to curb its widening fiscal deficit and growing debt servicing by tax hikes which triggered the most violent protests in the country’s history. A delay in reaching a financing deal […]

Business Emerging Markets Europe Headlines International Morocco

Ways to foster expatriates’ investment in Morocco explored at London meeting

A meeting held in London on Friday explored ways for Moroccan expatriates to make the most of the measures put in place by Morocco to increase their investments in their country of origin. Held under the theme “MDM Investments: New Challenges, New Financing, Institutional Responses,” the event is part of a series of conferences initiated […]

Africa Energy Headlines International

Exxon Mobil plans $10bln investment in Nigeria

Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said. The investment was discussed by Nigeria’s Vice President Kashim Shettima and the CEO of Exxon’s Nigeria operations Shane Harris on the sidelines of the U.N. General Assembly in New York, presidential spokesperson Stanley Nkwocha said […]

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Defense Industry: Morocco to Produce India’s Armored Combat Vehicle

Morocco is developing its defense industry to reduce its dependence on foreign weapons purchases and strengthen its military capabilities to counter threats to its national security. After it adopted the legal frameworks governing military industry clusters and established military industry zones, the North African Kingdom attracted India ‘s “TATA Advanced Systems”, which has become one […]