Asia Business Headlines International Maghreb Morocco

Morocco poised to unseat India, China as most competitive automotive investment destination

Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Morocco has offered propitious conditions for car manufacturers and part suppliers in key industrial clusters in Tangier, Casablanca and Kenitra. Building on its investments in low-carbon economy […]

Asia Headlines International Tunisia

COVID-19: Tunisian military fly out 25 stranded Indians

The Tunisian army has secretly repatriated 25 Indian nationals stranded in the North African country amid covid-19 pandemic, Tribune India reports. The group of 25 Indians touched down at Gandhi International Airport in Delhi on a special military aircraft on Saturday, the media says. The plane was on its way to bring back home Tunisian […]

Asia Headlines International Morocco

Covid-19: Morocco Receives Medical Donation from China, HCQ drugs from India

Morocco has received lately 36 respirators and 98,000 facemasks donated by Chinese state-owned Development Bank (CDB). The donation comes after Bank of Africa (BOA) of Moroccan BMCE Group had sent four months ago medical supplies to China following the coronavirus outbreak in Wuhan, Hubei province. After the Chinese hospitals, doctors and health workers were overwhelmed […]

Business Uncategorized

India Seeks Closer Economic Ties with Morocco

India is interested in strengthening its bilateral cooperation with Morocco notably in fields pertaining to economy and industry, India’s foreign minister Subrahmanyam Jaishankar said. The two countries, already bound by strong ties, have yet to unlock the full potential of their relations by increasing mutual investments and by examining prospects for a free trade agreement, […]

Africa Energy Headlines International

Seychelles commissions 700 solar-powered transit houses

The government of Seychelles has recently commissioned a real estate project that will provide 700 transit houses with solar energy for people affected by disasters.   Supported by the Indian government, the houses are located in Grand Anse, one of the islands of the archipelago.   According to Philip Morin, Public Utilities Corporation (PUC) Executive […]

Asia Headlines International Morocco

Morocco helped Sri Lanka avoid further attacks-Indian paper

Morocco has offered key intelligence to help Sri Lanka avert further attacks after offering tip offs that led to identifying the perpetrators of the Sunday Easter Bombing in the Island nation, Indian paper The Economic Times reported. “Morocco, which maintains a substantial information bank on ISIS and its network, provided leads to Sri Lanka in […]

Africa Asia Finance Headlines International

India allocates $180 million loan for drinking water projects in Ghana

Ghana has signed a $180 million agreement with Exim Bank of India to finance a drinking water supply project in the northern part of the country. The loan, bearing a 1.5% interest rate, will be repaid over a 25-year period. The money will be invested in drinking water supply projects. The project includes the construction […]

Asia Headlines International Morocco

India names new envoy to Morocco as relations blossom

New Delhi has appointed Joint Secretary of the Defense Ministry as the country’s new envoy to Morocco at a time relations between the two countries are witnessing a growing trend. Shri Shambhu S. Kumaran, presently Joint Secretary in the Ministry of Defense, has been appointed as the next Ambassador of India to the Kingdom of […]

Asia Business Headlines International Morocco

India-Morocco: Joint Committee Meets in New Delhi to Boost Bilateral Cooperation

Morocco-India Joint Committee has convened its 6th meeting in New Delhi to look into ways of boosting cooperation between the two countries in industry, agriculture, tourism, fisheries, railways, rural development, health, the pharmaceutical industry, telemedicine, energy, mining, sustainable development, higher education and scientific research. The meeting was chaired by minister of Industry, Investment, Trade and […]

Asia Business Headlines International Morocco

Automotive industry: Indian Varroc Lighting Systems Opens Plant in Morocco

Varroc Lighting Systems opened Tuesday a greenfield 17,000-square meter facility in Tangier, Morocco. The facility produces headlamps, rear lamps, and daytime running lamps for current and future customers located in Morocco, Spain, and France. Speaking on this occasion, Moulay Hafid Elalamy, Minister of Industry, Investment, Trade and Digital Economy, said the opening of this plant […]