Amir Ohana, Israel's parliament’s speaker, arrived in Morocco on Wednesday in the first visit by a senior Israeli official since the two countries normalised ties in 2020.
The visit comes in response to an invitation by the Moroccan parliament’s speaker, Rachid Talbi El Alami, and coincides with the participation of 12 members of the Israeli military's elite Golani Brigade unit in the US-led African Lion manoeuvres, which will take place from May 13 to June 18.
“History is taking shape before our eyes, and it brings good news of strengthening and consolidating relations between the two countries, rapprochement between the two peoples and expanding the circle of peace,” Mr Ohana, whose parents were born in Moroccan, said in a parliamentary press release.
The Israeli parliament added in the statement that the visit would include the signing of an official agreement between the two legislative bodies with the aim of fostering further bilateral relations.
Israel and Morocco restored diplomatic ties in 2020 as part of the US-brokered Abraham Accords, which also involved the UAE and Bahrain.
Historic relations date back to 1995, but ties were severed in 2000 following the outbreak of the second Palestinian Intifada.
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What drives subscription retailing?
Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.
The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.
The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.
The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.
UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.
That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.
Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
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Sholto Byrnes on Myanmar politics
MATCH INFO
Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD
* Second leg in Australia scheduled for October 10
