Morocco, Russia Sign New Fisheries Cooperation Agreement

A fisherman works at a fishing port in Agadir, southern Morocco July 22, 2011. Picture taken July 22, 2011. REUTERS/Youssef Boudlal
A fisherman works at a fishing port in Agadir, southern Morocco July 22, 2011. Picture taken July 22, 2011. REUTERS/Youssef Boudlal
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Morocco, Russia Sign New Fisheries Cooperation Agreement

A fisherman works at a fishing port in Agadir, southern Morocco July 22, 2011. Picture taken July 22, 2011. REUTERS/Youssef Boudlal
A fisherman works at a fishing port in Agadir, southern Morocco July 22, 2011. Picture taken July 22, 2011. REUTERS/Youssef Boudlal

The Kingdom of Morocco and the Russia signed a new fisheries cooperation agreement after a former agreement, signed in 2016, expired in March this year.

The new agreement, spanning 4 years, is the 8th of its kind since 1992, and establishes the legal framework allowing a fleet of 10 Russian vessels to fish for small pelagic species in Moroccan waters beyond 15 nautical miles.

The agreement also highlights means of scientific and technical cooperation for the monitoring of the pelagic ecosystem in Moroccan waters between the National Fisheries Research Institute and its Russian counterpart.

Also, it allows Moroccan students to benefit from training scholarships in Russian establishments specializing in fisheries.

According to a statement by the Ministry of Agriculture, Fisheries, Rural Development, Water and Forests, the activity of Russian vessels in Moroccan waters offers work opportunities for Moroccan fishermen at the rate of 16 sailors per vessel.

It also added that vessels are subject to continuous monitoring by satellite, as well as the permanent boarding of a Moroccan scientific observer.

A joint committee, which will meet before the start of fishing activities, will set the quota to be granted to Russian vessels for the first year of the agreement, in accordance with the provisions of the C stock small pelagic fisheries development plan, the ministry stated.

"It will also lay down all the technical provisions and financial arrangements for the implementation of the agreement."



Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.


Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.


China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)
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China Widens Foreign Investment Incentive List to Stem Falling Inflows

People visit a shopping center in Beijing on December 20, 2025. (AFP)
People visit a shopping center in Beijing on December 20, 2025. (AFP)

China on Wednesday listed more sectors eligible for foreign investment incentives, from tax breaks to preferential ​land use, in its latest effort to stem a prolonged decline in overseas capital inflows.

Under the 2025 edition of the catalogue of industries for encouraging foreign investment, China added more than 200 and revised about 300, with a ‌focus on ‌advanced manufacturing, modern services and ‌green ⁠and ​high-tech ‌sectors, the list jointly issued by the National Development and Reform Commission and the commerce ministry showed.

The new catalogue, which takes effect on February 1, 2026, replaces the 2022 version and continues a policy framework ⁠that offers foreign-invested enterprises tariff exemptions on imported equipment, preferential ‌land pricing, reduced corporate income ‍tax rates in ‍designated regions and tax credits for reinvestment ‍of profits.

The catalogue also extends incentives to central and western regions, as well as the northeast and Hainan, as Beijing seeks to attract ​more foreign investment into less developed areas.

China has in recent months ⁠taken a raft of measures to boost foreign investment, including pilot programs in Beijing, Shanghai and other regions to expand market access in services such as telecoms, healthcare and education, amid trade tensions with the United States.

Foreign direct investment in China totaled 693.2 billion yuan ($98.84 billion) from January to November this year, down 7.5% from the ‌same period last year, data from the commerce ministry showed.