Morocco reimposes Tangiers lockdown after virus spike

A Moroccan man confined at home in the southern port city of Safi, stands at the entrance of his house on June 9, 2020, during a total lockdown ordered by the authorities following the discovery of several new cases of COVID-19 coronavirus at a fish canning factory there. (AFP)
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Updated 13 July 2020

Morocco reimposes Tangiers lockdown after virus spike

RABAT: Morocco on Monday announced a return to lockdown measures in the northern port city of Tangiers to smother a new outbreak of the novel coronavirus, weeks after easing nationwide restrictions.
The city of about a million inhabitants was locked down from Monday at noon local time, with public transport suspended, cafes and public spaces closed and movement restricted.
Residents are only allowed to leave their homes “in cases of extreme necessity,” the Interior Ministry said in a statement, adding that “exceptional authorization from local authorities” would be required for movement within or beyond the city.
Authorities decided to reimpose the measures to “prevent the spread of the virus” after “new infection clusters” appeared, it said.
The northern city, within sight of the Spanish coast on a clear day, has a vast port and is a key economic hub linking Africa with Europe and beyond.
Morocco had imposed strict nationwide lockdown measures after recording its first COVID-19 cases in March.
It began easing them in June and has since reopened cafes and restaurants, allowing domestic visitors to restart its vital tourism sector.
Its borders remain closed until further notice, except to Moroccans and residents abroad, who will be able to return from Tuesday onwards.
But despite masks being mandatory in public, new localized outbreaks of the disease have forced the shutdown of several cities.
An outbreak at a fish canning factory prompted authorities to lock down Safi, a town of 300,000 on the Atlantic coast, in early July.
The kingdom, with a population of 34 million, has recorded over 15,000 infections including 253 deaths.


UAE eases limits on foreign ownership to attract investors

Updated 24 November 2020

UAE eases limits on foreign ownership to attract investors

  • Earlier this month, the UAE also announced a series of reforms to its Islamic legal code
  • The reforms allow foreign entrepreneurs and investors to set up their own companies without involving local shareholders

DUBAI: The United Arab Emirates has relaxed and removed a range of limits on foreign ownership of companies, state-run media reported Monday, in the country’s latest bid to boost its global status and attract foreign investors.
Earlier this month, the UAE announced a series of reforms to its Islamic legal code, allowing unmarried couples to cohabitate, improving protections for women and loosening restrictions on alcohol consumption.
The dramatic changes come as the UAE has spent billions of dollars preparing to host some 25 million visitors for the World Expo, which was pushed back to 2021 because of the pandemic.
The UAE also expects Israelis to join the legions of foreigners who have opened up businesses and bought apartments in the coastal cities of Dubai and Abu Dhabi following a breakthrough US-brokered normalization deal between the countries.
Dubai in particular, which was teetering on the brink of an economic downturn before the pandemic thanks to a weak real estate market, is eager for the influx of capital and travelers. COVID-19 has battered its economy, which draws largely from the tourism, hospitality and aviation industries.
The presidential decree that alters the corporate law helps the UAE “strengthen its leading position regionally and globally as an attractive destination for projects and companies,” state-run WAM news agency reported.
The reforms allow foreign entrepreneurs and investors to set up their own companies without involving local shareholders, the agency said.
That’s a welcome development for the country’s many expatriates who long had their ownership capped at 49 percent in firms outside free zones.
Other legal amendments remove quotas requiring that Emiratis hold the majority of board positions and serve as chairs for onshore companies. Companies that want to be publicly traded will be able to sell up to 70 percent of their shares instead of the current 30 percent limit.
The amendments will certainly diminish the appeal of 45 “free” zones across the UAE, where those wanting to avoid local-hiring quotas and retain full foreign ownership would set up shop.