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Keywords: Investment


LegalTech fund closes $110 million as AI drives surge in legal innovation

The LegalTech Fund, a Fort Lauderdale-based venture capital firm solely dedicated to legal technology, has successfully closed its second fund at $110 million, nearly quadrupling the size of its initial $28.5 million fund. This significant milestone......

Elon Musk urges Bill Gates to close long-held Tesla short position soon

Elon Musk, CEO of Tesla, has publicly urged Microsoft co-founder Bill Gates to close out a prolonged short position he has held against Tesla's stock for nearly eight years. Musk described Gates’ bet as “crazy” and......

Morocco solidifies position as top Arab destination for renewable energy investment

Morocco has emerged as one of the leading markets for renewable energy investment in the Arab region, according to a recent report by the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The study, which spans the period from 2003 to 2024, highlights the country's consistent performance......

Saudi group to invest MAD 250 million in Tangier's new Mediterranean City tourism hub

Morocco’s Ministry of Tourism has partnered with Saudi Arabia’s Naif Al Rajhi Investment Group to launch a major tourism project in Tangier, known as the "Mediterranean City." This initiative is part of Morocco's 2023-2026 tourism roadmap and aims to transform Tangier into a......

Moroccan delegation strengthens trade ties with over 170 Chinese companies in Hunan

More than 170 Chinese companies from Hunan Province engaged with a Moroccan delegation during the Morocco-Hunan Economic and Trade Cooperation Forum held in Changsha. The two-day event, organized by the Embassy of Morocco in China and the Hunan Provincial Department of Commerce, aimed to bolster bilateral......

Choiseul Rabat Forum highlights Africa’s leadership in global value creation

Nearly 800 global executives gathered last week at the Choiseul African Business Forum, held at the Rabat Marriott Conference Center in Morocco’s Agdal district. The event, which brought together decision-makers from more than 60 countries, emphasized Africa’s emergence as a key player in......

Morocco advances climate finance and green partnerships at Belém summit

Morocco’s Minister of Energy Transition and Sustainable Development, Leïla Benali, spearheaded discussions on climate finance and strategic investment at the Climate Leaders Summit in Belém, Brazil, held ahead of COP30. Her efforts highlighted Morocco’s growing role in advancing......

Chinese manufacturer Boway to establish $150 million production base in Morocco

Chinese alloy manufacturer Boway has unveiled plans to construct a state-of-the-art production facility in Nador, Morocco, marking a major step in the company’s global expansion strategy. Headquartered in Zhejiang, China, Boway specializes in producing alloy materials such as copper, brass, bronze,......

Saudi Arabia strengthens ties with the US, paving the way for global investors

Saudi Arabia’s ambassador to the United States, Princess Reema bint Bandar, has described the relationship between Riyadh and Washington as the strongest it has ever been, urging global investors to view the Kingdom as a gateway to the Middle East. Speaking at the America Business Forum in Miami,......