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Morocco, Israel Sign Trade Deal

This combination of file pictures created on December 10, 2020 shows a Moroccan flag off the coasts of the city of Cayenne on March 21, 2012 and an Israeli national flag on September 23, 2020. (AFP)
This combination of file pictures created on December 10, 2020 shows a Moroccan flag off the coasts of the city of Cayenne on March 21, 2012 and an Israeli national flag on September 23, 2020. (AFP)
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Morocco, Israel Sign Trade Deal

This combination of file pictures created on December 10, 2020 shows a Moroccan flag off the coasts of the city of Cayenne on March 21, 2012 and an Israeli national flag on September 23, 2020. (AFP)
This combination of file pictures created on December 10, 2020 shows a Moroccan flag off the coasts of the city of Cayenne on March 21, 2012 and an Israeli national flag on September 23, 2020. (AFP)

Morocco and Israel on Monday signed a trade agreement to facilitate investments as the two countries look to broaden cooperation since they normalized relations in 2020.

The deal was signed in Rabat by Israeli Economy Minister Orna Barbivai and Moroccan Trade Minister Ryad Mezzour, Reuters said.

Barbivai told a news conference Israel aspires to increase trade with Morocco from $131 million currently to $500 million "soon."

Morocco was one of four Arab countries - along with the United Arab Emirates, Bahrain and Sudan - to move towards normalizing ties with Israel last year under US- engineered accords.

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Italy Pledges 68 Million Euros in Aid for Syria

Italy's Foreign Minister Antonio Tajani speaks during the presentation of the Action plan for exports to non-EU markets, at Villa Madama in Rome, Friday, March 21, 2025 (Roberto Monaldo/LaPresse via AP)
Italy's Foreign Minister Antonio Tajani speaks during the presentation of the Action plan for exports to non-EU markets, at Villa Madama in Rome, Friday, March 21, 2025 (Roberto Monaldo/LaPresse via AP)
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Italy Pledges 68 Million Euros in Aid for Syria

Italy's Foreign Minister Antonio Tajani speaks during the presentation of the Action plan for exports to non-EU markets, at Villa Madama in Rome, Friday, March 21, 2025 (Roberto Monaldo/LaPresse via AP)
Italy's Foreign Minister Antonio Tajani speaks during the presentation of the Action plan for exports to non-EU markets, at Villa Madama in Rome, Friday, March 21, 2025 (Roberto Monaldo/LaPresse via AP)

Italy has earmarked some 68 million euros ($73.20 million) to finance humanitarian projects and rebuild infrastructure in Syria, Rome's foreign minister told lawmakers on Thursday, saying it was crucial to support the transition in Damascus.
Hayat Tahrir al-Sham (HTS) seized power in Syria in December, toppling former president Bashar al-Assad.
"An initial package has been earmarked for humanitarian initiatives in the hospital and health sector, in infrastructure, and in strengthening food supply chains," Foreign Minister Antonio Tajani told a parliamentary hearing.
"New cooperation projects will start in the coming weeks. And we also intend to organize a business forum aimed at reconstruction," he added, according to Reuters.
Earlier this month, donors at a European Union-led conference pledged 5.8 billion euros to help Syria's new authorities with the challenges of the transition.
EU countries have also suspended a range of sanctions against Syria, including restrictions related to energy, banking, transport and reconstruction.