Bank of Afrika UK, a UK-based pan-African investment bank, successfully raised USD 300 million in capital from seven major Indian banks on behalf of the Africa Finance Corporation (AFC), an African solutions provider, according to a press release from BOA. This transaction was celebrated in Dubai on October 29, in the presence of executives from Bank of Africa UK, Middle East & Asia executives, AFC managers, and representatives from the seven Indian banks: State Bank of India, Canara
Moroccan company OCP Nutricrops has signed a ten-year agreement to purchase sulfur from QatarEnergy. Under this long-term deal, the Qatari company will supply up to 7.5 million tonnes of sulfur. The partnership aims to «develop soil nutrition solutions» to address the challenges of sustainable production and support food sovereignty. Speaking to Qatar News Agency, Saad Sherida Al Kaabi, Qatar’s Minister of State for Energy Affairs and Executive Director of QatarEnergy,
On Algerian soil, the Polisario Front quietly marked the 4th anniversary of its so-called «war» against Morocco, launched on November 13, 2020. This year's commemoration was notable for the absence of Brahim Ghali, the Front’s self-proclaimed «Minister of Defense». He was replaced by the «Secretary General of the Ministry of Defense», who addressed a gathering of Polisario militia leaders. In his speech, he emphasized the «Sahrawi people's
After four years of severed diplomatic relations, Iran is eager to open a new chapter with Morocco. The expanding conflict and rising tensions in the Middle East have prompted Tehran to reach out to countries that have normalized relations with Israel. It has come to light that an Iranian security delegation, joined by representatives from Saudi Arabia and the United Arab Emirates, met with their Moroccan counterparts in Rabat in early November. During this meeting, the Iranian envoy conveyed
Morocco's ambition is to become a hub for military industries on the African continent. The government's adoption on Thursday, November 14, in Rabat, of draft decree no. 2.24.966 supplementing decree no. 2.17.743 of June 19, 2018, setting out the activities carried out by industrial companies benefiting from the temporary exemption from corporation tax (IS) provided for in article 6 (II-B-4°) of the General Tax Code, was in line with this goal, the Minister of Relations with Parliament told
Jacques Morali and Henri Belolo are two Moroccan-born producers and song writers who rocked the music industry in the 70s. Their approach to music has given birth to one of the most famous gay reference songs. Flashback.
Bilal Benhammou, the 2024 Master Zlayji Award winner, has achieved great success at the international level, having won third place in the Best Zlayji Master competition, organized by Sika BFM in China. This success reflects Moroccan skills and expertise in the art of zellige installation. The competition attracted 56 participants from 13 countries, with China winning first place and Ecuador coming in second. The event included two stages of competition: a theoretical one on November 8, and a
A delegation of French businessmen and economic decision-makers, led by French Ambassador in Rabat, Christophe Lecourtier, visited major infrastructure projects in the Dakhla-Oued Eddahab region on Wednesday. The visit, organized by the French Chamber of Commerce and Industry in Morocco, as part of the Moroccan-French Economic Days in the regions of Laayoune-Saguia el-Hamra and Dakhla-Wadi al-Dahab, allowed the delegation to closely examine the potential of the Kingdom's southern provinces to
The city of Dakhla is hosting the 18th congress of the Association of the Most Beautiful Bays in the World from November 27th to December 1st, reads a press release sent Thursday to Yabiladi. Initiated by the Regional Council of Dakhla-Oued Ed-Dahab with the support of the local authorities, and in partnership with the World Association, this congress will include a dialogue, debate, and exchange of experiences on various themes related to the preservation and conservation of bays and
The Moroccan consulate in Valencia confirmed that seven Moroccans have died and eight remain missing due to the floods in Spain’s Valencia province. Morocco has sent rescue teams and equipment to assist in relief efforts, which have been positively received by both the Moroccan community and Spanish authorities.