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    IMF chief draws cautious response from Arab countries in call to end subsidies

    Amman - IMF chief Christine Lagarde urged Arab countries going through democratic change to phase out costly subsidy systems on Monday, but drew a cautious response from regional finance ministers wary of the social impact of such steps. The International Monetary Fund chief said Arab countries pursuing democracy should keep up structural reforms and phase...

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    Egypt dreads Sinai bus bomb impact on tourism

    SHARM EL SHEIKH - A suicide bombing that killed three South Korean tourists in south Sinai has sent shockwaves through the resorts dotting its pristine coastline, with Egypt's vital tourism industry in the crosshairs of militants. The bombing of the tour bus on Sunday was claimed by an Al-Qaeda-inspired group that had previously focused its attacks on security forces since the military's...

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    Bayt Mal Al Quds agency hopes to raise funds to reinforce its projects in the Holy City

    Marrakech - Bayt Mal Al Quds Asharif Agency (BMAQ/based in Rabat) is betting on Al Quds Committee meeting that opens this Friday under the chairmanship of  King Mohammed VI to raise more funds to reinforce its projects in the holy city, said the Agency general director Dr. Abdelkbir Alaoui M'Daghri. "We are hoping to raise a sufficient...

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    Jesus's birthplace Bethlehem marks Christmas in restive Mideast

    Bethlehem (Palestinian Territories) (AFP) - Thousands of worshippers and tourists from around the world flocked Tuesday to Jesus's birthplace in Bethlehem, as the Middle East reels from conflicts and Pope Francis celebrates his first Christmas mass. Jerusalem's Latin patriarch will lead a procession to Bethlehem and celebrate midnight mass in the holy city attended by Palestinian...

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    Swiss extend freeze on Ben Ali, Mubarak assets

    GENEVA - The Swiss government on Wednesday extended by three years a freeze on the assets of ousted Tunisian dictator Zine El Abidine Ben Ali and Egypt's Hosni Mubarak. The freeze, first ordered in 2011, applies to all assets held in Switzerland by the toppled leaders and by "politically exposed persons in their entourage," the foreign ministry said in a statement...

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    Oil prices mixed with focus on US,Libya supplies

    LONDON - Oil prices were narrowly mixed on Thursday as traders assessed a possible return of Libyan supplies and after official data showed a drop in US crude inventories. New York's main contract, West Texas Intermediate (WTI) for delivery in January, rose 24 cents to $97.68 a barrel. Brent North Sea crude for January fell 14 cents to stand at...

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    Egypt lost 95% of its tourism traffic in 4 months: Minister

    CAIRO – The ministry expects tourism revenue to reach $8.8 billion by the end of the year, compared to $10.5 billion registered at the end of last year, Zaazou said on the sidelines of an economic conference in Cairo. Egyptian Tourism Minister Hisham Zaazou on Monday said that Egypt had lost 95 percent of its incoming...

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    Lebanon facing huge economic crisis from Syrian refugee influx: WB head

    UNITED NATIONS - World Bank chief issued a terse warning Friday that Lebanon was on the brink of a devastating crisis due to the growing number of Syrian refugees flowing into the country.    "[...] The kind of influx of [refugees] into Lebanon would be the equivalent of the United States taking in over 50 million refugees in a short period...

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    Benkirane meets Qatari Attorney General on eve of Conference on recovering Arab Spring countries' assets

    Rabat - Head of Government, Abdelilah Benkirane held talks on Friday with Qatari Attorney General Ali ben Fetais al- Marri on the restitution of stolen assets in the countries of the "Arab Spring".  The two officials discussed the issue on the eve of the Conference on "recovering Arab Spring countries' assets" which opens Saturday in...

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    Report: Kuwait makes $2.42 bn bid to buy a London real estate

    Kuwait has made a £1.5 ($2.42) billion bid to buy the More London complex, which includes one of the British capital’s most modern buildings, the City Hall, a newspaper reported on Friday. Dubbed as what could be Britain’s biggest property deal, the Kuwaiti government property division, St Martins, is currently in talks to acquire the...

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    World Bank offers $500 million loan for Egypt gas delivery

    CAIRO - The World Bank has proposed a $500-million loan for natural gas delivery in Egypt, an Egyptian official told the Anadolu Agency. Taher Abdel-Rahim, head of the Egyptian Natural Gas Holding Company (EGAS), said that negotiations with the World Bank were being championed by the Ministry of International Cooperation. The Egyptian government allocated around 20...

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    Egypt govt to form committee to 'run Brotherhood funds'

    CAIRO – "The committee will include representatives from the ministries of justice, interior, finance, social solidarity and administrative development," a Cabinet statement read. The Egyptian government on Wednesday ordered the formation of a government committee charged with managing the funds of the Muslim Brotherhood, the activities of which were outlawed by a court ruling last month....

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    Crises in Muslim world have no impacts on Islamic banking&finance: Islamic economist

    By Betul Yuruk ISTANBUL - Islamic Economist Prof. Humayon Dar says crises in the Muslim world have no negative or positive effects on Islamic banking and finance as it does not have any political agenda. Crises in the Muslim world have no negative or positive effects on Islamic banking and finance as it does not have any political...

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    Qatar sends gas aid to Egypt

    DOHA, Aug 02, 2013 (AFP) Qatar on Friday announced it has shipped a consignment of liquefied natural gas as aid for the Egyptian people, in its first such gesture since president Mohamed Morsi's overthrow. State news agency QNA said the LNG shipment was loaded on Thursday and was headed for Egypt on a gas tanker. The shipment was part of aid decided by Doha...

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    World Bank chief hopes to maintain Egypt aid program

    SANTIAGO, July 05, 2013 (AFP) World Bank chief Jim Yong Kim said Thursday he hopes Egypt's loan and assistance program will continue despite the ouster of Islamist president Mohamed Morsi, but called for progress toward new elections "as quickly as possible." "We are in the middle right now of trying to understand just what did...

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    Iran offers Syria $4 billion credit line, central bank says

    Damascus, May 27, 2013 (AFP) Iran has opened two lines of credit totalling $4 billion to Damascus and expects to open up a third to counter the effects of an international embargo, Syria's central bank said on Monday. “Iran continues to support Syria, by opening one line of credit worth a billion dollars to finance...

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    Egypt's cash-strapped rulers woo former regime tycoons

    CAIRO, May 24, 2013 (AFP) Almost three years after an uprising fuelled by the old regime's venality, Egypt's cash-strapped Islamist government is making amends with businessmen who offer to pay their way back into the fold. The presidency, strapped to a free falling economy, has said it encourages reconciliation with the businessmen. The presidency has sent "a positive message to...

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    IMF says Egypt loan talks in 'evolving' conditions

    WASHINGTON, May 09, 2013 (AFP) The International Monetary Fund on Thursday highlighted Egypt's rising economic challenges and said that loan negotiations under way must reflect the evolving conditions. The IMF is working with the Egyptian authorities to develop a plan to address "growing fiscal imbalances," Fund spokesman Gerry Rice said. "We are awaiting updated economic data and reform plans from the authorities,"...

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Editorial

Opinions

  • The Moroccan Gold Eldorado
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    The Moroccan Gold Eldorado, a Myth or a Reality?

    Rabat - Recently, a conspiracy theory video about a large gold discovery in Morocco is making rounds online. The video claims that a substantial gold reserve was discovered and is being extracted by a Canadian mining company called Maya Gold and Silver. We Moroccans are very proud human beings, we love our country and cherish...

  • Qatar's Emir Sheikh Tamim bin Hamad Al-Thani
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    Qatar: How the Tables Are Turning in The Gulf

    Rabat - Amidst harsh sanctions and a long list of demands from its neighbors, Qatar’s ability to thrive under pressure may prove to be problematic for Saudi Arabia. As Saudi Arabia and its coalition attempt to wait out Qatar, the recent spat in the Gulf continues to become more and more global, and severely against...

  • FILE - In this Jan. 20, 2015 file photo, a plume of steam billows from the coal-fired Merrimack Station in Bow, N.H. If the nation doesn’t do more, the U.S. probably won’t quite meet the dramatic heat-trapping gas reduction goal it promised in last year’s Paris agreement to battle climate change, according to a new study. (AP Photo/Jim Cole, File)
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    Climate Change : If You Can’t Measure It, You Can’t Fix It

    Chefchaouen - Climate change is happening at home and around the world. Chefchaouen is doing its part by embracing clean energy climate solutions and engaging its citizens in climate action. When it comes to fighting climate change, cities and local leaders are best positioned to lead that charge. Local leaders from coastal to landlocked communities are...

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    India Orders Internal Probe into Mistaken Use of Morocco-Spain Border Picture

    Hyderabad - The Indian Ministry of Interior on Wednesday ordered an internal investigation to find out how a picture of Morocco-Spain border was used in its annual report to show floodlights along the India-Pakistan border. What is most embarrassing is that the annual report of previous years was tabled during the Budget Session of Indian...

  • Amid Growing Tension, Thousands of Moroccans Stage Pro-Rif March in Rabat
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    Neglect in Harsh Soil: The Deep Roots of the Rif Crisis

    Rabat - The ongoing protests in northern Morocco started almost eight months ago, but they have their origin in nearly a century of violent repression by the state. The Rif has, in spite of itself, got involved into a peaceful revolt since the death of the fishmonger Mohcine Fikri at the end of October 2016, a...

  • Tamim Bin Hamad al Thani emir of Qatar
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    The Qatar Crisis: What Does It Mean?

    Rabat - The recent diplomatic fallout between Qatar and the rest of the Middle East could have serious economic and geopolitical consequences across the globe. Earlier this week, Qatar’s diplomatic crisis took an extreme turn as several Arab states severed diplomatic ties with the Gulf nation.  The original list of countries in the coalition against...

  • Moroccans spend Laylat al-Qadr, the 26th day of Ramadan, at the Hassan II mosque in Casablanca.
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    Ramadan: Not just Abstinence from Daily Intakes 

    By Abdellatif Oudra Rabat - The observance of Ramadan, one of the five pillars of Islam, compels Muslims to fast from sunrise to sunset. But it is not just about abstaining from food or drink.  Ramadan, the ninth month of the Islamic calendar, is observed in commemoration of the revelation of Qur’an to the prophet Mohammad,...

  • Morocco Threatens to Terminate Agriculture Agreement with Europe
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    Morocco and the EU: Managing the Future

    Rabat - Morocco enjoys proximity to Europe and is at an advantage of being favoured by the European Union as a close partner on political, economic, and cultural levels. Historical archives and political legacies tie Morocco directly with at least three influential European countries: France, Spain, and England. Demography, kinship, and immigration compel other EU...

  • The Educational and Cultural Implications of the Arab Spring
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    The Educational and Cultural Implications of the Arab 'Spring'

    Rabat - In the last ten years or so, the Arab world has seen unprecedented collapses in the realms of politics and economy, among others. World NGOs regularly release area-specific rankings, in which Arab nations commonly rank at the bottom of lists in education, human rights, and income for instance while they top those of...

  • Thousands Hold Peaceful Demonstration in Memory of Mouhcine Fikri
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    Al Hoceima and the Pedagogical Exercise

    Ottawa - What makes a democracy different from non-democracy? This is the classical and historical question asked by philosophers over the centuries and deeply questioned in the discipline of political science. Democracy cannot prevent inequality as the case in the United States where inequality is the highest globally. Democracy cannot stop corruption like in Brazil...