IHC Q1 net profit $2.17bn

The company launches Share Buyback Programme

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Morocco puts off meeting of Arab allies of Israel due to West Bank violence

King Mohammed VI of Morocco.
  • Top diplomats from Bahrain, Egypt and the UAE as well as Morocco joined last year's meeting with the Israeli foreign minister
  • The country normalized its relations with Israel more than two years back as part of a deal with the US to recognize its annexation of Western Sahara

Rabat, Morocco–Morocco said Friday it has postponed a meeting of Arab allies of Israel it had been due to host this summer in response to mounting bloodshed in the occupied West Bank.

Foreign Minister Nasser Bourita said he hoped the meeting could still go ahead at a later date when circumstances are more “favorable”.

The annual meeting, which is in only its second year, was already postponed this spring after a previous flare-up of violence between Israel and the Palestinians.

Last year’s meeting brought together the Israeli foreign minister and the top diplomats of Bahrain, Egypt and the United Arab Emirates, as well as Morocco.

“There were efforts to arrange it during the summer. Unfortunately, there is a political context which could prevent this meeting from producing the results we had been hoping for,” Bourita said.

A spokesman for Israel’s foreign ministry told AFP they had “no response” to Rabat’s decision.

Morocco normalized its relations with Israel in December 2020 as part of a deal that also saw the United States recognize its unilateral annexation of disputed Western Sahara.

The deal has faced domestic criticism as the Palestinian cause still commands widespread public support in the North African country.