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Is Morocco planning to restart its sole refinery?

The recent decision by the Moroccan state to rent the storage platforms of Samir refinery was seen by staff and analysts as a first step towards finding a solution to the plant that would lead to relaunching the refining activity in the country. Morocco’s only refiner Samir in Mohammedia has been shut down since 2015 […]

France: Valls quits Matignon to run for President

French socialist Prime Minister Manuel Valls Monday resigned from his position as he announced his candidacy for the country’s top job. “I have learned a lot from my countrymen, so yes, I am candidate for the presidency,” Valls told his supporters at Evry (15 miles from Paris). “I have that force in me, the willingness […]

Three Egyptian banks to launch $83m fintech fund

Three Egyptian banks, including Banque du Caire, will launch this month a fintech fund estimated at around $83 million amid increase in investment in Egypt’s fintech industry. Banque du Caire is joined by National Bank of Egypt (NBE) and Banque Misr to carry out the initiative, Rasha Negm, Assistant Sub-Governor Information Technology at NBE indicated. […]