INSEAD Day 4 - 728x90

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

US approves $825 mn Stinger missile sale to Morocco

Members of the Moroccan royal armed forces (FAR) take part in the joint US military exercise "African Lion" in the Tan-Tan region in southwestern Morocco on May 31, 2024. AFP
  • The proposed sale will improve Morocco's capability to meet current and future threats, the US Defense Security Cooperation Agency (DSCA) said in a statement
  • This will contribute to the Moroccan Army's goals of updating capability and further enhancing interoperability with the US and other allies, the statement added

Washington, United StatesThe United States on Tuesday announced the approval of an $825 million sale of up to 600 Stinger anti-air missiles and related equipment to Morocco.

“The proposed sale will improve Morocco’s capability to meet current and future threats. Morocco intends to use these defense articles and services to modernize its armed forces and expand its existing army short range air defense options,” the US Defense Security Cooperation Agency (DSCA) said in a statement.

“This will contribute to the Moroccan Army’s goals of updating capability and further enhancing interoperability with the US and other allies,” it said.

The State Department approved the possible sale and the DSCA on Tuesday provided the required notification to the US Congress, which still needs to sign off on the transaction.