QSE Index Closes 0.21 Percent Lower

Doha: The Qatar Stock Exchange (QSE) general index closed at 9,618.570 points on Tuesday, 20.290 points (0.210 percent) down from its previous closing.

A trading volume of 188,062,472 shares was registered in 16,451 transactions in all sectors, with a total trading value of QR 477,482,750.244.

The prices of 19 companies rose and those of 29 declined, while two company maintained their previous closing price.

The market capitalization closed at QR 560,314,870,711.500 compared to QR 562,288,472,090.430 in the previous session.

Source: Qatar News Agency

Nairobi: Morocco Committed to Sharing Fertilizer, Soil Experience in Line with HM the King’s High Orientations, Says Agriculture Minister

Nairobi – The Kingdom of Morocco is committed to sharing its experience and international expertise in fertilizers and soil health with African countries, in line with the High Orientations of His Majesty King Mohammed VI, said, on Tuesday in Nairobi, Minister of Agriculture, Fisheries, Rural Development and Water and Forests, Mohamed Sadiki.

‘Following the High Orientations of His Majesty The King Mohammed VI, the Kingdom of Morocco, expresses once more its commitment to share its experiences and international expertise in fertilizers and soil health with our brother countries in Africa in the effort to improve soil productivity and durability and hence ensure food security for the continent,’ stressed Sadiki in a speech during the ministerial preparatory meeting for the Africa Fertilizer and Soil Health Summit, scheduled for Thursday in the Kenyan capital

Aware of the direct impact and tight link of fertilizers and soil health with food security, the Kingdom of Morocco considers this topic among the most
central both in the national policy as well as in its African policy, stated the minister who leads a large delegation to this meeting attended by African Ministers of Agriculture.

‘Today the challenge of our continent is to solve the complex equation to produce more and better with less use of natural resources, namely water and soils,’ stressed the Minister, noting that soil health is the cornerstone of food security, sustainable development and resilience in the face of evolving climate challenges.

In this respect, the Minister pointed out that African soils are seriously vulnerable to the various pressures they face, due to human activities and unsustainable agricultural and non-agricultural practices, noting that these pressures are increasingly exacerbated by climate change.

Soils are not sufficiently stressed on in the African agricultural development plans, he lamented, explaining that scientific evidence ‘clearly illustrates that meticulous soil fertility management can potentially increase food p
roduction by nearly 58%’.

The achievement of sustainable development goals depends on a blend of sustainable agricultural practices and the intelligent utilization of fertilizers on our soils, according to the Minister.

For this purpose, Sadiki noted that two fundamental pathways are necessary for fortifying soil health, which are soil fertility management and evidence-based, rational fertilization.

For the Minister, these dual paths constitute essential pillars in enhancing productivity among small and medium-scale producers and ensuring the longevity of production systems.

‘Hence, we need a comprehensive understanding of soils and their fertility for optimizing fertilizer inputs at territorial, local, and plot levels,’ said Sadiki, pointing out that Morocco has proactively followed policies aimed at understanding, managing and conserving soil in a comprehensive way.

This concerted effort has culminated in the successful mapping of soil fertility across all its agricultural lands, serving as a basis for
agricultural development initiatives, explained the Minister, noting that ‘The precious soil fertility data have facilitated the formulation of customized fertilizer formulations, complemented by digitalized soil fertility maps that empower localized agricultural advisory services’.

Through South-South cooperation within the African continent which has been placed by His Majesty The King Mohammed VI at the top of the priorities of the foreign policy, Morocco has been consistently and actively conducting initiatives to share particularly through OCP its experiences, expertise, and best practices, stressing its commitment to collective progress of our continent, stated Sadiki.

The Generation Green 2020-2030 strategy places soil health in the top of priorities, recognizing its central role in ensuring sustainable productivity, through establishing bases for eco-efficient agriculture, through continued investments in agricultural water management and soil conservation practices and technologies, he added.

In t
his respect, Sadiki said that four priority areas have been identified to address the challenges of climate change: irrigation water management and control, conservation agriculture, climate-resilient cropping systems, and collaborative research actions.

Today’s context requires a more inclusive and comprehensive initiative to strengthen the resilience and sustainability of our continent food systems, pleaded the Minister, stressing that this necessitates a strong governance framework, supported by scientific consistency and strategic partnerships, to raise soil health as a strategic must within Africa’s sustainable development agenda.

The Minister expressed Morocco’s firm support to the soil initiative for Africa and its plan of action that should be adopted at the end of this summit.

The ministerial preparatory meeting opened on Tuesday, ahead of the Africa Fertilizer and Soil Health Summit organized by the African Union (AU) and the Kenyan government, which will bring together African heads of state, se
nior government officials, private sector players and representatives of civil society organizations on Thursday.

The Summit will provide a comprehensive review of the state of soil health in Africa, and propose solutions to realign strategies deployed to boost soil productivity, for higher and more sustainable yields, at the service of the African citizen.

Source: Agence Marocaine De Presse

European Stocks Hit 1-Month High

Brussels, European shares hit a more-than-one-month high on Tuesday, as a slew of positive corporate earnings, including from Switzerland’s UBS (UBSG.S) and Italy’s UniCredit (CRDI.MI).

The pan-European STOXX 600 (.STOXX) index rose 0.6% after closing at its highest level in a week on Monday.

UBSG.S shares jumped 6.3% after the lender’s first-quarter net income nearly tripled estimates, while logging its first quarterly profit since taking over Credit Suisse.

The financial services index (.SXFP), opens new tab climbed 1.8%.

CRDI.MI shares, the second-largest Italian bank rose by about 3%.

German semiconductor manufacturer Infineon shares gained 6.5%. In contrast, Danish medical equipment maker Coloplast shares declined 5.1%.

Source: Qatar News Agency

ILO Chief Hails Morocco’s Efforts to Generalize Social Protection

Rabat – International Labour Organization (ILO) Director-General, Gilbert F. Houngbo, hailed on Tuesday in Rabat Morocco’s undeniable efforts to generalize social protection and improve working conditions for all sections of society.

Speaking at a meeting with the Minister of Health and Social Protection, Khalid Ait Taleb, Houngbo said he appreciated the fact that “no one is left behind” in Morocco’s social strategy, which aims to guarantee the well-being of the entire population.

He underlined the Kingdom’s commitment to respecting and promoting fundamental social rights, as well as the progress achieved in Morocco in terms ofcollecting and using data for a more efficient management of social protection.

The ILO Director-General also praised Morocco’s efforts to modernize its information systems and improve its ability to assess needs and deliver services in a more targeted and efficient way.

For his part, Ait Taleb commended ILO’s crucial role in promoting social justice and guaranteeing decent work, un
derlining Morocco’s ongoing commitment to ILO programs, notably the promotion of employment, the fight against child labor and the consolidation of social dialogue.

Source: Agence Marocaine De Presse

3rd Round of US-Iraq TIFA Convenes in Washington

Baghdad, The Iraqi Ministry of Trade announced Tuesday that the third round of meetings of the Trade and Investment Framework Agreement (TIFA) between Iraq and the United States of America was held in Washington, after a break of more than nine years.

The meeting discussed various topics, including the agricultural sector, standardization, the financial system, customs, company registration, intellectual property rights, Iraq’s accession to the World Trade Organization, the health sector, and government contracts.

Source: Qatar News Agency

Casablanca Stock Exchange Opens Lower

Casablanca – The Casablanca Stock Exchange opened lower on Tuesday, with its main index, the MASI, giving up 0.11% to 13,347.13 points.

On Monday, the MASI had closed with a loss of 0.31%.

Source: Agence Marocaine De Presse