Category: Affairs

IATA Chief: Aviation, Key Driver of Economic Growth in Morocco

Marrakech – Morocco’s aviation sector is a vital engine for economic growth, driven by ambitious development plans, Willie Walsh, Director General of the International Air Transport Association (IATA), said on Tuesday.

Speaking at the opening of the …

CBB Sukuk Al Ijara oversubscribed

Manama, The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al Ijara, has been oversubscribed by 391%.

Subscriptions worth BD 102 million were received for the BD 26 million issue, which …

Bahrain All Share Index marks 2,008.59 points

Manama, Bahrain All Share Index has closed at 2,008.59 points, marking a decrease of 4.18 points below the previous closing.

This decrease was due to the drop in the communication service sector, financial sector and material sector.

Bahrain Islami…

CBB grants first BNPL license to Tamara Bahrain

Manama, The Central Bank of Bahrain (CBB) has granted Tamara Bahrain the first Buy Now Pay Later (BNPL) license to operate in the Kingdom.

Tamara is a payment platform headquartered in Saudi Arabia with operations in the United Arab Emirates and Kuw…

SandP Global Ratings: Positive Outlook for Morocco’s Economy

New York – SandP Global Ratings stated in its latest assessment report that the ongoing economic reforms in Morocco should engender ‘more inclusive’ and ‘more robust’ growth.

“The ongoing shift in Morocco’s underlying economic structure and the robus…

Health sector is investment between Egypt, France

Deputy Prime Minister for Human Development and Minister of Health and Population, Dr. Khaled Abdel Ghaffar, said that the health sector is a promising area for investment between Egypt and France, on the sidelines of his participation in the Egyptian…

Hyundai Motor, Saudi foundation sign MoU for smart city project

Seoul, Hyundai Motor Group said Tuesday it has signed an initial pact with a Saudi Arabian foundation for cooperation in a smart city project.

The South Korean automotive group and Misk Foundation signed a memorandum of understanding (MoU) for a par…

Morocco Tourism Revenues Hit Record $7.4 Billion in Jan-Aug

Rabat – Morocco’s tourism revenues surged to a record 76.4 billion dirhams ($7.4 billion) during the first eight months of 2024, marking a 7% increase in cumulative revenues, according to the Ministry of Tourism, Handicrafts, Social and Solidarity Eco…

Big investment between Egypt, France in maritime transport

Eng. Hassan El Khatib, Egyptian Minister of Investment and Foreign Trade, inaugurated the activities of the Egyptian-French Business Forum, as part of his current visit to France, in the presence of a large number of officials and representatives of t…

Petroleum Facilities Guard Condemns Closure of Rayayna Valve

Tripoli:The Petroleum Facilities Guard (PFG) has declared its firm opposition to any disruptions at oil facilities, including the closure of oil and gas pipelines. The PFG stressed that protecting the assets and resources of the Libyan people is of ut…

Petroleum Facilities Guard Condemns Closure of Rayayna Valve

Tripoli:The Petroleum Facilities Guard (PFG) has declared its firm opposition to any disruptions at oil facilities, including the closure of oil and gas pipelines. The PFG stressed that protecting the assets and resources of the Libyan people is of ut…