Morocco, US sign Enhanced Immunities Agreement

Morocco and the United States signed a bilateral Enhanced Immunities Agreement, a move that further highlights the close Moroccan-American ties. The deal was sealed during a video teleconference co-chaired by foreign minister Nasser Bourita and Secretary of State Michael Pompeo.   The provisions of this agreement, initialed by US ambassador in Rabat, David Fischer, and […]

Casablanca stock exchange nears historic record following benchmark rate cut

Casablanca Stock Exchange approached its highest historical level, buoyed by the unexpected announcement from Bank Al-Maghrib to lower its key interest rate to 2.25%. The MASI, the benchmark index, closed up 2.10% at 17,193 points, touching its all-time high. The volume of transactions on the central market reached 1.1 billion dirhams. Attijariwafa Bank led the […]

Egypt: Data Boxes of EgyptAir A320 to be Sent to France for Repair

The two black boxes of EgyptAir A320 aircraft which plunged into the Mediterranean in May will be sent to France for repair after the experts failed to download information from the flight data and voice recorders, the investigation committee told media on Thursday. “Due to the damage in the memory units of the cockpit voice […]