Algeria Headlines Morocco

Morocco, Algeria Have Much to Gain from Opening Borders, Study

Opening the closed land borders between Morocco and Algeria would usher in an era of economic cooperation and the two North African countries should follow the example of India and China, which strengthened their trade ties despite an unresolved border dispute. The point was made by Francis Ghilès in a paper published early January on […]

Energy Headlines Morocco

Saudi Arabia’s ACWA Power, China’s Chint Group to Build Three Solar Plants in Morocco

The Moroccan Agency for Solar Energy (MASEN) has selected Saudi Arabian power engineering firm ACWA Power and China’s Chint group to set up three solar plants with a total capacity of 70 megawatts as part of the Noor PVI project. With a combined capacity of 170MW, the three photovoltaic projects will help provide electricity with […]

Headlines Libya

Libya: Italian Mafia Sells Arms to IS for Stolen Antiquities

An investigation run by Italian media La Stampa reveals that Italian criminal gangs have been meddling with the Islamic State group (IS) to which they sell weapons in exchange for smuggled antiquities. IS entered Libya in 2014 and took control of important historical cities of the North African country. It demolished historical monuments and sites […]

Headlines Morocco

Morocco Submits Ratification of Paris Agreement to the UN General Assembly

Morocco has submitted its ratification documents of the Paris Agreement to the UN general assembly in New York, thus joining the 60 other countries that have adhered to the climate deal. In a comment on this ratification, Morocco’s foreign minister Salaheddine Mezouar, who is also the COP22 president, said Morocco’s adherence to the Paris agreement […]

Headlines Morocco

Chinese Official Hails King Mohammed VI Efforts for Peace in Region

Mr Du Qinglin, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, paid tribute on Monday in Rabat to King Mohammed VI for the efforts made by the Sovereign for socioeconomic development and for peace in the region. The Chinese official, who is visiting the North African Kingdom, met Head of […]

Americas Energy International

Oil Supply to Continue to Outstrip Demand in First Half of 2017- IEA Says

The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]

Africa Asia Business International

Japan Earmarks $30 Billion in Support for Infrastructure Development in Africa

Japan announced it will invest $30 billion in support of Africa’s economic growth and infrastructure over the next three years. The pledge was made by Japan’s Prime Minister Shinzo Abe at the Japan-Africa economic summit in Nairobi, as Tokyo competes for influence in the continent with the U.S., China and former European colonial powers such […]

Headlines Tunisia

Tunisia to Set up FTZ at Tabarka to Attract Chinese Companies

Tunisian authorities are mulling plans to attract more Chinese companies and to that end, the state will create a free trade zone at Tabarka, a coastal city in northwestern Tunisia, Trade Minister Mohsen Hassen told the media on Wednesday. The free zone to pop up soon will be solely created for the Chinese companies targeting […]

Finance Headlines Morocco

Morocco: Attijariwafa Bank Group crowned best Moroccan bank by Euromoney awards for excellence

Morocco’s Attijariwafa Bank was Wednesday named best Moroccan bank by Euromoney for Excellence 2016 awards organised by leading Euromoney Institutional Investor based in London. Awards for Excellence are the most prestigious awards in global banking, which recognizes 20 global leading banks in various categories including world’s best bank, world’s best bank for financing, and world’s […]