Holmarcom to buy BNP Paribas’ majority stake in Morocco’s BMCI

Holmarcom Finance Company has agreed to acquire the 67% controlling stake held by BNP Paribas in Moroccan lender Banque Marocaine pour le Commerce et l’Industrie (BMCI), the two groups said on April 29. The transaction is expected to close in the fourth quarter of 2026, subject to regulatory approvals in Morocco, including from Bank Al‑Maghrib […]

Spain complains about avalanche of illegal migrants arriving from Algeria

Algeria’s economic and social crisis is causing an upsurge in illegal migration. In 48 hours, more than 30 boats carrying Algerians were intercepted by the Spanish Coast Guard. A migratory pressure that worries the Spanish authorities.   More than 30 boats carrying some 445 illegal migrants from Algeria were intercepted within 48 hours by the […]

Morocco and UAE Deepen Strategic Partnership in Desalination, Clean Energy

Morocco and the United Arab Emirates are accelerating a landmark energy and water partnership, with two of the region’s most powerful utility companies — Taqa Morocco and Nareva Holding — announcing a series of major joint ventures that could reshape the Kingdom’s infrastructure landscape. The collaboration, which also involves the ONEE national utility and the […]