EIB provides Morocco’s exporting SMEs financial backstop to step up competitiveness

The European Investment Bank (EIB) has pledged to guarantee loans extended to Moroccan exporting SMEs operating in the automotive, textile, agro-industry and agricultural sectors. An agreement was signed Wednesday in Casablanca with Morocco’s Banque Centrale Populaire (BCP) to enable SMEs to get funding to modernize their operations, reduce CO2 emissions, expand working site, and increase […]

A Malaga-Tetouan air bridge starts airlifting Moroccans stranded in Spain

After Algeria and the two enclaves of Ceuta and Melilla, Morocco launched this Wednesday June 10 an air bridge to repatriate its nationals who were stuck in Malaga since the country closed its borders in March to slow the spread of the coronavirus. According to the news outlet Le360, three flights are scheduled this Wednesday […]

Bouteflika suffers ‘permanent threat to life’, say Swiss doctors

Infirm Algerian President Bouteflika, who applied to run for a fifth term from a hospital in Geneva, is facing a permanent threat to life, his Swiss doctors told the media. A medical source speaking anonymously told Swiss paper La Tribune that the president is facing a permanent risk of lung infection due to his frail […]