Marrakech to Host IMF-World Bank Meetings as Planned

A view of the damage which was caused by the earthquake in the town of Imi N'tala, outside Marrakech, Morocco, Wednesday, Sept. 13, 2023. (AP)
A view of the damage which was caused by the earthquake in the town of Imi N'tala, outside Marrakech, Morocco, Wednesday, Sept. 13, 2023. (AP)
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Marrakech to Host IMF-World Bank Meetings as Planned

A view of the damage which was caused by the earthquake in the town of Imi N'tala, outside Marrakech, Morocco, Wednesday, Sept. 13, 2023. (AP)
A view of the damage which was caused by the earthquake in the town of Imi N'tala, outside Marrakech, Morocco, Wednesday, Sept. 13, 2023. (AP)

Marrakech will host the annual meetings of the International Monetary Fund and the World Bank as planned on Oct. 9-15, Morocco's central bank governor said on Thursday.

Morocco was struck by a 6.8 magnitude quake centered on the High Atlas Mountains late on Friday that left more than 2,900 dead, most of them in the region south of Marrakech.

Abdellatif Jouahri was speaking to a conference bringing together participants from central banks in the Middle East and North Africa, saying the event was in preparation for the annual meetings, which would take place as planned.

Giant tents could be seen in the locality where the Moroccan government plans to host the annual meetings.



MAWANI Expands Jeddah Port’s Reach with FEM1 Shipping Service

MAWANI Expands Jeddah Port’s Reach with FEM1 Shipping Service
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MAWANI Expands Jeddah Port’s Reach with FEM1 Shipping Service

MAWANI Expands Jeddah Port’s Reach with FEM1 Shipping Service

The Saudi Ports Authority (MAWANI), in partnership with CStar Shipping Company and United Global Logistics (UGL), has announced the addition of the new shipping service FEM1 to the Jeddah Islamic Port to enhance the movement of exports and imports in line with MAWANI’s vision of reliable, efficient, and sustainable port operations.
This expansion is part of MAWANI’s ongoing efforts to improve the maritime navigation network connectivity index with global shipping lines, according to SPA.

By enhancing port competitiveness and increasing connections to ports in the East and West, MAWANI is contributing to the National Strategy for Transport and Logistic Services that aims to solidify Saudi Arabia's position as a global logistics hub and a bridge between three continents.
The new shipping service connects Jeddah Islamic Port with key ports in China, Malaysia, and Türkiye, including Qingdao, Shanghai, Ningbo, Nansha, Kelang, and Istanbul. With a capacity of 2,758 standard containers, the addition of FEM1 further strengthens Jeddah Islamic Port's pivotal role as a gateway to Europe, Asia, and Africa. This strategic location offers a competitive advantage for exporters, importers, and shipping agents, making it the first port on the Red Sea coast for transit maritime trade as well as container and cargo transportation.