USA-Morocco: President Biden underlines two countries’ shared interest in peace, security and stability in North Africa

President Joe Biden has highlighted the enduring relationship binding the United States and Morocco since the signing of the bilateral Treaty of Peace and Friendship in 1786, underlining the two countries’ shared interest in peace, security and stability in North Africa. This came in a message of congratulations President Biden addressed to King Mohammed VI […]

Libya: Italian Mafia Sells Arms to IS for Stolen Antiquities

An investigation run by Italian media La Stampa reveals that Italian criminal gangs have been meddling with the Islamic State group (IS) to which they sell weapons in exchange for smuggled antiquities. IS entered Libya in 2014 and took control of important historical cities of the North African country. It demolished historical monuments and sites […]

Post-Covid: Moroccan CIH bank gets €40 Mln EBRD loan to support local businesses

The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €40 million loan package to Moroccan bank “Crédit Immobilier et Hôtelier” to enable it enhance the resilience of local trade and businesses affected by covid-19 pandemic. Under the agreement sealed by the two parties, the EBRD will provide a €20 million loan to […]