Latest news with #Tangier
Zawya
12 hours ago
- Business
- Zawya
Morocco attracts 150 aerospace firms
Morocco is cementing its position as a global aerospace hub after attracting 150 companies operating factories nationwide and generating 2.5 billion euros ($2.8 billion) in annual revenue, a Moroccan Minister has said. Speaking to French newspaper 'Le Point' at the renowned Paris Air Show, Minister of Industry and Commerce Ryad Mezzour said these projects are concentrated in Casablanca, Tangier, Rabat and Fez In his comments, published by Morocco's newspapers, he said these enterprises provide full-time employment to 26,000 individuals and that their primary focus include producing fuselages, structural components, interior furnishings, and wiring systems. Mezzour also highlighted collaboration between national carrier Royal Air Maroc (RAM) and French aerospace giant Safran concerning the CFM engine. 'During French President Emmanuel Macron's visit to Morocco last October, an agreement was signed extending the partnership to the next-generation CFM-Leap engine,' the Minister said. 'Morocco's competitive edge lies in its ability to handle advanced technology, with 23,000 engineers graduating annually, 400 of whom enter the aerospace field…production costs are competitive at €25 per hour, compared to €100-120 in Europe or the US,' he said. Looking ahead, the minister outlined ambitious plans: 'We will expand our offer to cabin fittings, landing gear manufacturing, and within ten years, we think we can offer a final assembly line for commercial aircraft.' He revealed that RAM is currently exploring the acquisition of the Airbus A220, a narrow-body jet well-suited for its European routes. 'A study is underway by RAM for procuring the Airbus A220, a small-to-medium range jet suited for its European network,' he said. (Writing by Nadim Kawach; Editing by Anoop Menon) (
New York Times
12-06-2025
- New York Times
Our Favorite Kitchens
In the kitchen of Dar Zero — the vacation home of the collectors and shop owners Jamie Creel and Marco Scarani in Tangier, Morocco — various styles of mashrabiya, carved wooden latticework traditional to North Africa and the Middle East, have been inset into the lower cabinets. The backsplash is made from hand-painted zellige tiles. Read more here. The architect and designer Roberto Gerosa made the kitchen island in his Milan home from a wooden door he found when he moved into the building. Above it hangs a brass pendant lamp of his own design. Read more here. The all-stainless-steel kitchen in the artist Jack Ceglic and the architect Manuel Fernandez-Casteleiro's East Hampton, N.Y., home. Read more here. Want all of The Times? Subscribe.
CNN
04-06-2025
- Business
- CNN
Suspected crypto kidnapping mastermind detained in Morocco
One of the suspected masterminds behind a string of violent kidnappings in France of people linked to the cryptocurrency trade was detained Tuesday in Morocco, France's justice minister said. Badiss Mohamed Amide Bajjou, a 24-year-old French-Moroccan citizen from just outside Paris, was wanted by France for several crimes, including armed extortion and kidnapping as part of a criminal gang, according to the 'red notice' for him published by Interpol and Moroccan state media. French Justice Minister Gerald Darmanin thanked Morocco on X for detaining the man, citing the 'excellent judicial cooperation' between the two countries. Bajjou had 'multiple bladed weapons of different sizes' in his possession when he was taken into custody, as well as 'dozens of mobile phones and communication devices' and a sum of money allegedly related to criminal activities, Moroccan state media reported. The man was apprehended, weeks after the latest kidnapping attempt in Paris, near Tangier in northern Morocco, according to CNN affiliate BFMTV. He is allegedly linked to a string of violent crimes related to crypto funds dating back to at least January 21 of this year. In January, David Balland, cofounder of a crypto wallet company, and his partner, were kidnapped in central France with their attackers cutting off one of Balland's fingers as part of a 10-million euro ($11,430,000) ransom demand. The couple were later freed by elite French policemen, according to BFMTV. Bajjou is also suspected of involvement in the May kidnapping of another man working in the crypto industry, who also had one of his fingers cut off before his release, per BFMTV. Later that month, the daughter of the CEO of French cryptocurrency platform Paymium was saved by passers-by from a daylight kidnapping attempt in Paris, with Bajjou suspected to have been involved, BFMTV reported. On May 30, 25 people aged between 16 and 23 were put under official investigation in Paris, suspected of involvement in a kidnapping in May in Paris and an attempted kidnapping in the western French city of Nantes.
CNN
04-06-2025
- Business
- CNN
Suspected crypto kidnapping mastermind detained in Morocco
One of the suspected masterminds behind a string of violent kidnappings in France of people linked to the cryptocurrency trade was detained Tuesday in Morocco, France's justice minister said. Badiss Mohamed Amide Bajjou, a 24-year-old French-Moroccan citizen from just outside Paris, was wanted by France for several crimes, including armed extortion and kidnapping as part of a criminal gang, according to the 'red notice' for him published by Interpol and Moroccan state media. French Justice Minister Gerald Darmanin thanked Morocco on X for detaining the man, citing the 'excellent judicial cooperation' between the two countries. Bajjou had 'multiple bladed weapons of different sizes' in his possession when he was taken into custody, as well as 'dozens of mobile phones and communication devices' and a sum of money allegedly related to criminal activities, Moroccan state media reported. The man was apprehended, weeks after the latest kidnapping attempt in Paris, near Tangier in northern Morocco, according to CNN affiliate BFMTV. He is allegedly linked to a string of violent crimes related to crypto funds dating back to at least January 21 of this year. In January, David Balland, cofounder of a crypto wallet company, and his partner, were kidnapped in central France with their attackers cutting off one of Balland's fingers as part of a 10-million euro ($11,430,000) ransom demand. The couple were later freed by elite French policemen, according to BFMTV. Bajjou is also suspected of involvement in the May kidnapping of another man working in the crypto industry, who also had one of his fingers cut off before his release, per BFMTV. Later that month, the daughter of the CEO of French cryptocurrency platform Paymium was saved by passers-by from a daylight kidnapping attempt in Paris, with Bajjou suspected to have been involved, BFMTV reported. On May 30, 25 people aged between 16 and 23 were put under official investigation in Paris, suspected of involvement in a kidnapping in May in Paris and an attempted kidnapping in the western French city of Nantes.
Asharq Al-Awsat
04-06-2025
- Business
- Asharq Al-Awsat
Suspected Mastermind of French Crypto Kidnappings Held in Morocco
A 24-year-old Franco-Moroccan man suspected of masterminding a series of kidnappings targeting cryptocurrency entrepreneurs in France has been arrested in Morocco, France said. Badiss Mohamed Amide Bajjou was wanted by the French authorities and was the subject of an Interpol red notice for "arrest, kidnapping, false imprisonment or arbitrary detention of a hostage." The suspect was arrested in the northern Moroccan city of Tangier, according to a statement from the country's General Directorate for National Security carried by Moroccan state news agency MAP. France has been shaken by a series of kidnappings and attempted abductions targeting cryptocurrency bosses and their families in recent months, prompting one prominent crypto entrepreneur to call on authorities to "stop the Mexicanisation" of the country, AFP reported. "I sincerely thank Morocco for this arrest, which demonstrates excellent judicial cooperation between our two countries, particularly in the fight against organised crime," French Justice Minister Gerald Darmanin said on X. A native of Le Chesnay west of Paris, Bajjou is suspected of being one of the masterminds behind the high-profile kidnapping in January of French crypto boss David Balland and his partner, according to French daily Le Parisien. Balland co-founded the crypto firm Ledger, valued at the time at more than $1 billion. Balland's finger was cut off by his kidnappers, who demanded a hefty ransom. Last week French authorities charged 25 people, including six minors, over the series of kidnappings and attempted abductions. The crimes have become a major embarrassment for the French government and have sparked concern about the security of wealthy crypto tycoons, who have notched up immense fortunes from the booming business. In May, Interior Minister Bruno Retailleau held an emergency meeting with cryptocurrency leaders, with the ministry announcing plans to bolster their security.
