Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]

Fez football fans raise giant Tifo in defense of Morocco’s territorial integrity

Defending Morocco’s territorial integrity and sovereignty over the Sahara is a national cause of the Moroccan people including football fans. The supporters of MAS Fez gave the example drawing a giant tifo to express their attachment to the Kingdom’s sovereignty over the Sahara. “The Sahara is our home,” shows a giant tifo composed of thousands […]

Spain hails Morocco’s support during Valencia floods as a token of deep bonds between the two countries

Morocco’s support for Spain following the floods that impacted the neighboring Iberian nation illustrates the “depth of the relations between the two friendly and brotherly countries,” emphasized Spanish Interior Minister Fernando Grande-Marlaska on Wednesday. In a video broadcast during a ceremony held in Valencia by Spanish authorities to mark the end of the Moroccan contingent’s […]