INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Spain, Morocco agree to reopen enclave land borders

Morocco's Foreign Minister Nasser Bourita (R) receives his French counterpart Jean-Yves Le Drian during the ministerial meeting of the coalition against the Islamic State (IS) group in Marrakech on May 11, 2022. (AFP)
  • The borders closed last year when Spain allowed the leader of a Western Saharan independence movement to be treated in a Spanish hospital
  • Around 10,000 migrants crossed the Moroccan border into Ceuta as border forces looked the other way, in an apparent punitive gesture by Rabat

Rabat and Madrid have agreed to reopen Morocco’s land borders with two Spanish enclaves, Spain’s foreign minister said on Wednesday, May 11.

The two countries have “reached a definitive deal for the reopening of the land borders with Ceuta and Melilla in the coming days”, Spanish Foreign Minister Jose Manuel Albares told journalists in the Moroccan city of Marrakesh, without setting an exact date.

The move helps draw a line under a major diplomatic standoff on the back of coronavirus restrictions that together closed the crossings for two years.

The borders became hostage to a major dispute last year when Madrid allowed the leader of a Western Saharan independence movement to be treated for Covid-19 in a Spanish hospital.

Ten thousand migrants surged across the Moroccan border into Ceuta as local border forces looked the other way, in what was widely seen as a punitive gesture by Rabat.

In March, Spain moved to end the diplomatic crisis with Morocco by removing its decades-long stance of neutrality and backing the kingdom’s autonomy plan for the Western Sahara, which Rabat insists must remain under its sovereignty.

Spanish Prime Minister Pedro Sanchez visited King Mohammed VI in early April.

The Spanish foreign minister’s announcement comes a month after a Spanish ferry docked in Morocco’s Tangiers port for the first time in two years.