Business Headlines International Morocco

Morocco, Saudi Arabia to cooperate in tourism projects

Morocco and Saudi Arabia’s tourism ministers agreed to work together to promote sustainable tourism and promote the exchange of expertise notably in the field of training human resources. The deal was signed in Marrakech by visiting Saudi tourism minister Ahmed Al-Khateeb and his Moroccan peer Fatim-Zahra Ammor. It was sealed on the sidelines of a […]

Business Europe Finance Headlines International Tunisia

EU to grant Tunisia €100m to weather pandemic-related impacts

The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and to support the economy, the ministry of Economy and planning has announced. The financing agreement will be signed this Monday, November 14, 2022, at the headquarters of the Ministry of […]

Blogs Community

Gabon, UAE scrap visa requirements for officials

Gabon and the United Arab Emirates (UAE) have removed visa requirements between the two countries for officials. Michaël Moussa-Adamo signed the deal Wednesday with his UAE counterpart, on the sidelines of the visit of the Gabonese leader Ali Bongo Ondimba to the Gulf country. Per deal, officials of both countries will not need a visa […]

Business Eating out Emerging Markets Headlines Lifestyle

UK Travel Agents Meet in Marrakesh to Discuss Travel New Landscape

Members of the Association of British Travel Agents (ABTA) are meeting in Marrakesh to discuss the industry issues, challenges and the future of travel & tourism. This year’s ABTA oversea travel convention, taking place from 10 to 12 October in Morocco’s red city, marks a return to in-person meetings after two-years of restrictions due to […]

Africa Business Headlines International

African tourism potential to be unlocked by boosting air connectivity

While effective air connectivity within Africa is key to unlocking the potentials of tourism on the continent, unfavorable visa regimes, insecurity, high cost of air transport and low quality of tourism support services among other factors are hindering the growth of tourism in Africa. ”The truth is that the performance of the region’s aviation industry, […]

Business Finance

“Very difficult” 18 months ahead for African banks — Fitch 2022-23 Outlook

The next 12-18 months will be “very difficult” for African banks as widespread inflation, currency devaluations and interest-rate hikes sweep the region, a senior director of credit ratings agency Fitch said on Wednesday (21 September). African economies have struggled over the last year in the face of external forces including lingering effects from the COVID-19 […]

Business Headlines Morocco

Morocco’s phosphates sales up 81% by July

Morocco’s trade balance continues to benefit from higher prices of phosphates and derivatives with sales up 81% to 68.7 billion dirhams by July, the foreign exchange office said. Morocco, which has the world’s largest phosphates reserves, has positioned itself as a major fertilizer producer expanding its market share in the wake of the export restrictions […]

Business Europe Headlines International Morocco

Tourism: TUI Group ready to enhance its presence & investments in Morocco

TUI Group, one of the global tourism leaders, has voiced readiness to strengthen further its presence in Morocco and step up investment in the North African Kingdom. At a meeting held Thursday in Rabat with Head of Moroccan Govt. Aziz Akhannouch, TUI chief Sebastian Ebel said the German travel giant is upbeat over the growth […]

Business Headlines Morocco

Morocco targets 26 million tourists by 2030

Morocco’s tourism industry is shaking off dust left by the pandemic with ambitions to attract 26 million tourists by 2030. The announcement was made by tourism minister Fatima Zahra Ammor at a meeting with tourism professionals to elaborate a new roadmap for the sector. The new tourism promotion plan aims to increase air links, promote […]

Business Culture Finance Lifestyle

Guinea to revamp two-star Labe tourism hotel

The Guinean tourism ministry has signed a deal with SAB-TRANSIT SAU to refurbish and expand state-owned two-star tourism hotel Labe located in Labe, the capital of “Moyenne Guinee”, as part of the West african country’s efforts to revamp tourism potential, local reports say. Alpha Soumah, Minister of tourism signed an agreement with Elhadj BAH Mamadou […]