The new pampered child to replace Egypt? Qatar okays $1.25 billion aid package to Morocco
Qatar and Morocco have signed an aid deal worth $1.25 billion, part of a five-year package of financial assistance extended by wealthy Gulf states to the North African kingdom to help it weather ‘Arab Spring’ protests.
Four Gulf states — Qatar, Saudi Arabia, Kuwait and the UAE — agreed in 2012 to provide aid worth a total $5 billion to Morocco in the period 2012-2017 to build up its infrastructure, strengthen its economy and foster tourism. Each of the four countries has committed $1.25 billion to Morocco for the whole five-year period.
- A will with no way: Egypt's charitable spirit dampened with economic hardship
- OPEC exports largest share of petroleum to Asian and Pacific countries in 2013
- High demand for gold spurs trade across GCC
- Is trust the only missing ingredient from Egypt's economic reform recipe?
- Explain this, Mr. Erdogan: Israel-Turkey trade ties booming amidst Gaza crisis