Search Site

Trends banner

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Israeli carrier launches direct flight to Morocco

    • About 100 passengers were on the flight that departed from Tel Aviv to Marrakesh

    • Morocco was one of four regional states to normalise ties with Israel in 2020, along with Bahrain, Sudan and the United Arab Emirates

    Israeli carrier Israir launched the first direct commercial flight between the Jewish state and Morocco on Sunday since the countries normalised diplomatic relations in a US-brokered deal last year.

    About 100 passengers were on the flight that departed from Tel Aviv to Marrakesh, Israir spokeswoman Tali Leibovitz told AFP, adding that two to three flights per week were planned on the route.

    Israeli Foreign Minister Yair Lapid said last week that he would visit Morocco shortly after the Israir service was launched.

    Morocco was one of four regional states to normalise ties with Israel in 2020, along with Bahrain, Sudan and the United Arab Emirates.

    The move came as the administration of former US president Donald Trump recognised Morocco’s sovereignty over Western Sahara, a disputed and divided former Spanish colony.

    Morocco is home to North Africa’s largest Jewish community, which numbers around 3,000. Some 700,000 Jews of Moroccan origin live in Israel.

    Rabat had a liaison office in Tel Aviv but relations came to a halt during the 2000-2005 second Palestinian intifada, or uprising.

    The normalisation deals between Arab states and Israel have been deemed a “betrayal” by the Palestinians, who believe the process should only follow a resolution of the Israeli-Palestinian conflict.