Morocco’s King Represented at Inauguration of President of Djibouti

King Mohammed VI was represented at the inauguration ceremony of the President of Djibouti, Ismaïl Omar Guelleh, by Foreign Minister Nasser Bourita. During this ceremony, which took place this Saturday in the presence of several heads of state and government, foreign delegations, representatives of international organizations, members of the diplomatic corps accredited to Djibouti and […]

Algeria: Court Blocks Billionaire’s Acquisition of TV, Newspaper Group

An Algerian administrative court on Wednesday upheld its last month provisional ruling cancelling the multimillion dollar takeover of the private El Khabar media group by Ness-Prod, a subsidiary of agribusiness group Cevital owned by billionaire Issad Rebrab. The court ruled that the agreement reached between the two parties is null and that El Khabar’s newspaper […]

Egypt: Nine Banks to invest $1.5 billion in coal-fired power plant

In Egypt, a consortium nine local banks have pledged to invest about $1.5 billion in a project to increase the North African nation’s electricity capacity. The financing, granted as a loan, will benefit the construction of a coal-fired power station with a capacity of 6,000 MW in the Hamrawein area in the coastal region of […]