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Egypt: OCI’s Amsterdam relocation gets green light

Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]

Morocco among recipients of Raytheon’s AMRAAM Missiles

Morocco is on a list of twenty-two of the United States’ allies that will be delivered Raytheon’s Advanced Medium Range Air-to-Air Missile (AMRAAM). The major US defense contractor, Raytheon, said in a Press release that the US Air Force, Navy and 22 foreign allies tapped the company with a $768 million contract for its AMRAAM. […]

Morocco’s King Congratulates Ismail Ould Cheikh Ahmed on his Election OIC Chief

King Mohammed VI has offered his heartfelt congratulations to Mauritania’s Ismail Ould Cheikh Ahmed following his election as Secretary-General of the Organization of Islamic Cooperation (OIC). In his congratulatory message, the Sovereign wished success to the new OIC Chief in his mission, saying he is confident that Ismail Ould Cheikh Ahmed’s long diplomatic and UN […]