Marrakech No. 1 Tourist Destination in Morocco
The colourful city of Marrakech is receiving increasing attention as Morocco's tourism levels and economy are soaring. Marrakech is Morocco’s third largest city and the No. 1 holiday hotspot. It is known as the ‘entertainment capital’ of Morocco and its popularity is due to its desert heat, rose-red Medina (a historical city), boutiques and lavish [...]
ING Acquisition of Turkey’s Oyak Bank gets Approval
ING Groep NV that Dutch financial services group said on Friday that it has received regulatory approval for its acquisition of Turkey ’s Oyak Bank. Joining other overseas financial groups buying into the fast-growing Turkish market, ING announced in June its deal to buy Oyak Bank for $2.67 billion. The approval to buy Oyak was [...]
Turkey’s EU Bid Making Progress
Two negotiating chapters have been opened by EU member states with regards to Turkey ’s EU accession talks. Turkish officials will join their EU counterparts on Wednesday to formally kick off negotiations on two out of 35 areas where the country needs to apply Europe’s law as part of its pre-accession process, according to AFP. [...]
UAE signs six agreements with Japan
The UAE and Japan have signed six agreements and memoranda of understanding yesterday, including financing the Fujairah 2 project, the financing of projects of the Abu Dhabi National Oil Company (Adnoc). Also signed was a memorandum of understanding on promoting investment opportunities and an agreement on developing solar towers. The agreements were signed during the [...]
First Dubai Metro Trains are Tested in Japan
The Dubai Roads and Transportation Authority have reported that the first batch of Dubai Metro trains under construction have been sent for test trials in Japan. The tests are being carried on two new trains for climatic and operational speed tests prior to being sent to Dubai in time for the first Red Line opening [...]