MAGHREB

Air Lease Corporation Announces $300 Million Deal for Five Boeing 737 Aircraft with Royal Air Maroc

Retrieved on: 
Wednesday, August 16, 2023

Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800.

Key Points: 
  • Today Air Lease Corporation (NYSE: AL) announced long-term lease contracts for five Boeing 737 aircraft with Royal Air Maroc (RAM), including four new Boeing 737-8s and one Boeing 737-800.
  • The new aircraft are scheduled to deliver to the Moroccan flag carrier in 2024 from ALC’s order book with Boeing.
  • “ALC is pleased to announce this lease placement for five Boeing 737 aircraft with Royal Air Maroc,” said Steven F. Udvar-Házy, Executive Chairman of Air Lease Corporation.
  • About Air Lease Corporation (NYSE: AL)
    Air Lease Corporation is a leading global aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.

French riots follow decades-old pattern of rage, with no resolution in sight

Retrieved on: 
Monday, July 3, 2023

Sometimes, as in the case of the 2005 riots and of today’s, it is every rough neighbourhood that flares up.

Key Points: 
  • Sometimes, as in the case of the 2005 riots and of today’s, it is every rough neighbourhood that flares up.
  • Throughout the past 40 years in France, urban revolts have been dominated by the rage of young people who attack the symbols of order and the state: town halls, social centres, schools, and shops.

An institutional and political vacuum

    • Elected representatives, associations, churches and mosques, social workers and teachers admit their powerlessness, revealing an institutional and political vacuum.
    • Numbering more than 100,000 people and prominently covered by the media, it was France’s first demonstration of its kind.
    • Left-leaning paper Libération nicknamed it “La Marche des Beurs”, a colloquial term that refers to Europeans whose parents or grandparents are from the Maghreb.

Lessons to be learned

    • The recurrence of urban riots in France and their scenarios yield some relatively simple lessons.
    • Over the last 40 years, considerable efforts have been made to improve housing and facilities.
    • Apartments are of better quality, there are social centres, schools, colleges and public transportation.
    • More often than not, the residents are poor or financially insecure, and are either descendants of immigrants or immigrants themselves.

A constant face-off

    • In this landscape, the state is reduced to legal violence and young people to their actual or potential delinquency.
    • The police are judged to be “mechanically” racist on the grounds that any young person is a priori a suspect.
    • Young people feel hatred for the police, fuelling further police racism and youth violence.
    • The first element is the rise of the far right – and not just on that side of the political spectrum.

Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy sign agreement at UN Climate Conference for co-development of Gigawatt-scale green hydrogen project

Retrieved on: 
Wednesday, November 9, 2022

SHARM EL-SHEIKH, Egypt, Nov. 9, 2022 /PRNewswire/ -- Israeli company H2Pro and Moroccan renewable energy developer Gaia Energy announce the signing of a strategic agreement today during the UN Climate Conference (COP 27). The two companies revealed plans for their new partnership in the presence of Tamar Zandberg, Israel's Minister of Environmental Protection, Lior Ben Dor, Director for Egypt and the Maghreb at the Israeli Foreign Ministry, Rachid Tahiri, Head of the Division of Climate Change and Green Economy for Morocco's Ministry of Energy Transition & Sustainable Development, and Kelthoum Belhaj, Head of Green Economy Unit for Morocco's Ministry of Energy Transition & Sustainable Development. Under the historic agreement, Gaia will use a range of 10-20 MW-scale H2Pro electrolyzer technology for a demo project in Morocco, while exploring in parallel the use of H2Pro technology in a Gigawatt-scale system currently being developed by Gaia within the Kingdom.

Key Points: 
  • The announcement comes amid the most high-profile climate action gathering - the annual United Nations Conference of the Parties.
  • Green hydrogen has become widely accepted both as a key tool for decarbonizing hard to abate sectors and as a clean molecule for storage and transport of renewable energy.
  • "At the Gigawatt-scale level, we bolster Morocco's profile as a serious player in the green hydrogen space," he added.
  • Headquartered in Morocco, Gaia Energy is a leading international large scale renewable energy developer in Africa.

Morocco's Royal Air Maroc Selects Uplift as Pay Over Time Solution

Retrieved on: 
Tuesday, October 4, 2022

SUNNYVALE, Calif., Oct. 4, 2022 /PRNewswire/ -- Uplift, the leading enterprise Buy Now Pay Later (BNPL) solution serving the world's top travel and retail brands announced an exclusive partnership with Royal Air Maroc for U.S. and Canadian customers. Passengers booking flights on Royal Air Maroc can now spread the cost of their travel over time with simple, affordable monthly installments through Uplift. 

Key Points: 
  • Passengers booking flights on Royal Air Maroc can now spread the cost of their travel over time with simple, affordable monthly installments through Uplift.
  • Since its creation in 1957, Royal Air Maroc is the leading airline in Africa and the national air carrier of Morocco.
  • Serving more than 80 destinations in 41 territories and 7 million passengers, Royal Air Maroc has positioned Casablanca as an essential location for African air connections worldwide.
  • Available now, Royal Air Maroc passengers can make their getaway dreams a reality by utilizing Uplift's pay over time monthly installments, rather than paying in full at booking.

Al Baraka Bank and VYZYO Subsidiary Tunisian Digital Finance for People Partner to Launch Financially and Socially Inclusive Mobile Wallet Service in Tunisia

Retrieved on: 
Monday, August 1, 2022

LONDON and TUNIS, Tunisia, Aug. 1, 2022 /PRNewswire/ -- VYZYO, a rapidly growing mobile financial services technology company, today announced that the company's subsidiary Tunisian Digital Finance for People (TDFP) has signed a partnership agreement with Al Baraka Bank, a prestigious fast growing Bank in Tunisia, to jointly launch and operate a financially and socially inclusive mobile wallet service in Tunisia.

Key Points: 
  • This new mobile wallet service will initially enable digital payments for government services, mobile transfers, merchant payments and more.
  • Al Baraka Bank's mobile wallet service will also facilitate the disbursement of government social welfare, health care reimbursements, pension payments, micro-insurance and micro-savings.
  • Al Baraka Bank Tunisia is a banking subsidiary of the International Islamic Group, Al Baraka Banking Group.
  • In 2021, Al Baraka Bank Tunisia was selected as the Best Islamic Bank in Tunisia by Global Finance and Islamic Finance News magazines.

Minister Fraser concludes a successful visit to Europe

Retrieved on: 
Friday, May 6, 2022

WARSAW, Poland, May 6, 2022 /CNW/ - The Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship (IRCC), today concluded a successful visit to Europe, which included stops in Belgium, France and Poland.

Key Points: 
  • WARSAW, Poland, May 6, 2022 /CNW/ - The Honourable Sean Fraser, Minister of Immigration, Refugees and Citizenship (IRCC), today concluded a successful visit to Europe, which included stops in Belgium, France and Poland.
  • Minister Fraser also met the European Commissioner for Home Affairs, Ylva Johansson.
  • Accompanied by the Belgian State Secretary for Asylum and Migration, Sammy Mahdi, Minister Fraser also visited a Belgian refugee registration centre designed to welcome and support Ukrainians.
  • While in Europe, Minister Fraser delivered a keynote address at an event hosted in Warsaw by the Organisation for Economic Co-operation and Development (OECD) on the Ukrainian crisis.

EY-Parthenon names Jeff Wray as new Global Leader

Retrieved on: 
Thursday, November 11, 2021

LONDON, Nov. 11, 2021 /PRNewswire/ -- EY-Parthenon today announces that Jeff Wray has been appointed Global Leader with a focus on driving the strategy consultancy's global market agenda in FY22 and beyond.

Key Points: 
  • Jeff brings a strong background in strategy consulting to the role, with deep experience as a trusted C-suite advisor.
  • He joined EY-Parthenon from Boston Consulting Group in 2014 and previously served as EY Strategy and Transactions Global Consumer Industries Leader (and the Americas Corporate and Growth Strategy leader).
  • EY-Parthenon has also announced the appointment of John van Rossen as Global Co-Leader with an operational focus to enable the consultancy's ambitions globally.
  • John was most recently EY Strategy and Transactions Leader of the EY WEM Region (Belgium, Netherland, France, Luxemburg and Maghreb).

EY-Parthenon names Jeff Wray as new Global Leader

Retrieved on: 
Thursday, November 11, 2021

LONDON, Nov. 11, 2021 /PRNewswire/ -- EY-Parthenon today announces that Jeff Wray has been appointed Global Leader with a focus on driving the strategy consultancy's global market agenda in FY22 and beyond.

Key Points: 
  • LONDON, Nov. 11, 2021 /PRNewswire/ -- EY-Parthenon today announces that Jeff Wray has been appointed Global Leader with a focus on driving the strategy consultancy's global market agenda in FY22 and beyond.
  • Jeff brings a strong background in strategy consulting to the role, with deep experience as a trusted C-suite advisor.
  • He joined EY-Parthenon from Boston Consulting Group in 2014 and previously served as EY Strategy and Transactions Global Consumer Industries Leader (and the Americas Corporate and Growth Strategy leader).
  • John was most recently EY Strategy and Transactions Leader of the EY WEM Region (Belgium, Netherland, France, Luxemburg and Maghreb).

Half of all cotton growing regions face severe climate risks by 2040 if carbon emissions continue to soar

Retrieved on: 
Wednesday, June 23, 2021

The analysis was conducted by Cotton 2040 partner and climate-risk specialists Acclimatise, part of Willis Towers Watsons Climate and Resilience Hub.

Key Points: 
  • The analysis was conducted by Cotton 2040 partner and climate-risk specialists Acclimatise, part of Willis Towers Watsons Climate and Resilience Hub.
  • Under a worst-case climate scenario, the analysis highlights that all global cotton growing regions will be exposed to increased risk from at least one climate hazard by 2040.
  • 40% of global cotton growing regions are projected to experience a decrease in growing season as temperatures increase beyond the optimum temperature range for cotton growing.
  • 20% of the worlds cotton growing regions will be exposed to increased risk from fluvial flooding by 2040, and 30% of cotton growing regions will be exposed to increased risk from landslides.

Maghreb (Algeria, Morocco and Tunisia) Projects, H1, 2021 Report - Outlook for Major Projects in Maghreb - ResearchAndMarkets.com

Retrieved on: 
Monday, May 24, 2021

The "Maghreb (Algeria, Morocco and Tunisia) Projects, H1 2021 - Outlook for Major Projects in Maghreb - MEED Insights" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Maghreb (Algeria, Morocco and Tunisia) Projects, H1 2021 - Outlook for Major Projects in Maghreb - MEED Insights" report has been added to ResearchAndMarkets.com's offering.
  • It is vital that anyone seeking to do business in Algeria, Morocco or Tunisia invests time to understand what is on offer.
  • With more than $150bn of projects planned, the three Maghreb markets covered in this report promise a substantial pipeline of potential future business opportunities for project investors, developers, contractors, consultants and manufacturers.
  • The collapse in oil prices will similarly hold back growth in Algeria, but help the energy importing Morocco and Tunisia.