Morocco’s Foreign Exchange Reserves Cover 7 Months of Imports

Morocco’s foreign exchange reserves rose to cover 7 months and 14 days of imports by August up from 6 months and 11 days the same period last year, the Central bank, Bank Al Maghreb said. By the first week of September, Morocco’s foreign exchange reserves stood at 248.9 billion dirhams, that is a 17.7% increase […]

European Court Decision ‘Does Not Question’ Moroccan-Spanish Cooperation (Spanish Govt.)

The Spanish government said that the decision of the European Court on the farm & fisheries agreements with Morocco “does not question” relations of cooperation between the Kingdom, Spain and the EU. “For me and the Spanish government, this decision does not question our relations with our strategic partner, Morocco, nor the friendship and cooperation […]

Egypt-Kuwait Holding announces $500m investment over next five years

Egypt-based investment company, Egypt Kuwait Holding Co SAE (EKH), will invest $500 million over the coming five years, CEO Sherif El-Zayat has revealed. El-Zayat said the company will invest $100 million a year and has made available $100 million to seize any acquisition opportunities during the upcoming period. In this vein, the firm already decided […]