King Mohammed VI to Start a Tour to West Africa

Rabat – King Mohammed VI is expected to start a West African tour that will also take him to southern neighbor Mauritania, reported Spanish news agency EFE.The regional tour, whose specific dates have not yet been disclosed, aims to amplify Morocco’s influence in Africa through the signing of bilateral agreements, the same source said, adding that the kingdom is seeking to strengthen economic cooperation with these countries and to fight against terrorism, organized crime, drug trafficking and religious extremism.According to the same source, the Monarch is planning to create an African Development Organization for which there is already a mobilization of various embassies and consulates. In February 2014, Mohammed VI, accompanied with a large delegation, kicked off a four nation West Africa tour to Mali, Ivory Coast, Guinea and Gabon. The visit resulted in the signing of a series of agreements on bilateral cooperation in the social and economic spheres. read more

Ecommerce company Alibaba Group seeks to raise up to 243 billion to

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Associated Press Posted Sep 5, 2014 2:34 pm MDT SAN FRANCISCO – China’s Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO, an amount that would be the most ever raised by a company heading into its stock market debut.The e-commerce company is hoping to sell up to 368 million shares for $60 to $66 apiece. Alibaba Group Ltd. set the price target in a regulatory filing late Friday, setting the stage for the company to make its long-awaited debut on the New York Stock Exchange later this month.At $66 per share, Alibaba would debut with a market value of $163 billion. That’s more than all but a handful of technology companies that have been around for much longer than Alibaba, which Jack Ma started 15 years ago in his apartment. E-commerce company Alibaba Group seeks to raise up to $24.3 billion to set new IPO record read more