Sahara-Spain: Ruling People’s Party Blocked Draft Proposal Hostile to Morocco

The Spanish Parliament has rejected a draft bill that sought to undermine Morocco’s interests thanks to a block vote of the ruling People’s Party Mps. The Spanish People’s Party of Mariano Rajoy has opposed the draft bill tabled by the deputies of the extreme left, Podemos, and those of the Catalan republican left, ERC, which […]

EBRD greenlights $25m loan to Egypt-based UMC

The European Bank for Reconstruction and Development (EBRD) has rubber-stamped the loan of $25 million for Egypt-based United Metals Company (UMC). The funding is aimed at backing the company’s working capital needs amidst the COVID-19 pandemic. The loan will enhance the Company’s financial resilience to withstand the potential negative implications of the COVID-19 pandemic through […]

Morocco, a Launching Pad for US Investors in Sub-Saharan Africa

Morocco which boasts a genuine growth potential in addition to its political and economic stability can serve as a launching pad for U.S. investors wishing to operate in sub-Saharan Africa. The statement was repeated as a leitmotiv by several US and Moroccan officials and economic operators who were attending the second US-Morocco business development conference […]