Business Uncategorized

Saudi Arabia’s PIF acquires shares in Alphabet, Zoom Video and Microsoft

Saudi Arabia’s Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft as part of a wider pick of US stocks, bringing the sovereign wealth fund’s second-quarter investments to about $40.8 billion, Arab Finance reports. A filing from US Securities and Exchange Commission indicated that PIF acquired 213,000 class A shares in Alphabet; 4.7 […]

Africa International

Ethiopia crisis: US, EU urge govt. to restore services in conflict-torn Tigray

Ethiopia’s government should resume essential services in the conflict-torn Tigray region in the north of the country, the United States and European Union envoys for the Horn of Africa have said, after a rare visit to the war-torn region facing dire conditions. Tigray, a region in the north of the country, has been struggling to […]

Algeria Americas Business Columns Energy Europe Headlines International Maghreb Opinions

US unseats Algeria as Spain’s first gas supplier, Nigeria on way to take Algiers’ market share

US has exported more gas to Spain than Algeria so far this year as new players seek a foothold in the Spanish gas market. Spanish authorities have often complained at the insufficient gas flow through the Medgaz pipeline which couldn’t match the amount the Spanish market was receiving through the Maghreb-Europe pipeline that used to […]

Americas Business Finance Headlines International Tunisia

US provides $35 million for Tunisia SMEs

The US embassy launched Tuesday a financial support scheme worth $35 million in a favor of Small and Medium Size Enterprises (SMEs) that have difficult access to loans to grow their activities, Business News reports. The US aid agency, USAID, is partnering with the Arab Tunisian Bank (ATB) and US International Development Finance Corporation on […]

Americas Egypt Headlines International Libya

US, Egypt stress importance of holding Libyan elections on scheduled date

The United States and Egypt stressed the importance of holding elections in Libya on the scheduled date, i.e. on December 24. This was stressed in a joint statement released on Tuesday evening  by the State Department following the US-Egyptian strategic dialogue held on November 8 – 9, under the chairmanship of Secretary of State Antony […]

Americas Headlines International Libya Morocco

US highlights Morocco’s role in facilitating Libyan consensus on Dec elections

US envoy to Libya Richard Norland thanked Morocco for facilitating talks between Libyans with a view to preparing for Dec. elections. Rabat hosted last week two-day talks between representatives of the House of Representatives and the High State Council with the participation of UNSMIL as a technical facilitator. “We thank Morocco for its willingness to […]

Americas Headlines International Morocco

US supports Morocco’s police narcotics investigation with vehicles, forensic lab test equipment

The United States donated Tuesday several vehicles and forensic lab test equipment to Morocco’s national Police to facilitate drug trafficking investigations and other operations. The donation was a joint effort between the US Africa Command (AFRICOM), the Drug Enforcement Administration (DEA), and the State Department’s Bureau of International Narcotics & Law Enforcement (INL), says a […]

Europe Headlines International Morocco

US ‘very grateful’ for Morocco’s useful role in Libya

The US ambassador and special envoy for Libya, Richard Norland, said on Monday in Rabat that his country is “very grateful” to the “useful” role played by Morocco to support the political process in Libya.   “The role that Morocco plays in the region to support the political process in Libya is very useful” and […]

Americas Editorials Headlines International Maghreb Morocco Opinions

State Department: No change in U.S. Recognition of Moroccan Sovereignty over Sahara

The Biden Administration reaffirmed on Thursday that there is no change in the United States’ standing regarding American recognition of the Moroccanness of the Sahara. “We don’t have any updates in terms of the United States recognition of Moroccan sovereignty” over Western Sahara, said State Department Spokesperson Ned Price. His remarks confirm the continuity of […]

Africa Americas Headlines International Morocco

Venue of African Lion drills confirms the US recognition of the Moroccanness of the Sahara, EFE says

The African Lion drills, the most important military exercises that take place in Africa, will unfold this year partly in the Moroccan Sahara. The news was already relayed late March by Moroccan media following a preparatory meeting between Moroccan and US senior army officials. The media had then reported that Tan Tan, Mahbes and Dakhla […]