INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Israeli foreign minister to visit Morocco

  • Lapid’s visit comes after the first direct commercial flights between Israel and Morocco were launched in July
  • Morocco was one of four Arab states to agree last year to normalize ties with Israel, along with the United Arab Emirates, Bahrain and Sudan

Israeli Foreign Minister Yair Lapid is to visit Morocco next week, the two countries said Friday, in the first trip to the kingdom by Israel’s top diplomat since they normalized ties.

A source at Morocco’s foreign ministry told AFP that Lapid would visit on August 11-12 and meet with his counterpart, without providing further details.

An Israeli foreign ministry spokesman confirmed the dates.

Morocco was one of four Arab states to agree last year to normalize ties with Israel, along with the United Arab Emirates, Bahrain and Sudan.

The move came as the administration of former US president Donald Trump recognized Moroccan 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.

Lapid’s visit comes after the first direct commercial flights between Israel and Morocco were launched in July.

Lapid had announced he would make a “historic” visit to Morocco soon after the launch of commercial flights.

In December last year, a direct flight carrying Israeli officials traveled from Tel Aviv to Rabat, where they signed several bilateral deals, including on air links.

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

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

The Palestinian cause has mobilized elements of Moroccan civil society, and Islamists and some extreme left political parties oppose the normalization.