Consumer Boycott Hits Hard Morocco’s Largest Milk Company

A consumer boycott hit Morocco’s market leader for milk, Centrale Danone, which announced laying off temporary contract workers and a 30% reduction in the amount of milk it collects. The boycott started 40 days ago and gained large support among citizens. A survey on L’economiste showed that 42% of Moroccans are boycotting Centrale-Danone along with […]

Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank

The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]

Polisario suffers new setback in Spain with Supreme Court banning display of its ensign in public

Spain’s justice system has inflicted a new blow to the Polisario separatist front by prohibiting the display of its pennant in public buildings. The Spanish Supreme Court, the country’s highest judicial body, has vetoed the use, occasional or permanent, of “unofficial” flags or any political expression inside and outside public buildings. The court’s decision constitutes […]