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BMCE rebrands to Bank of Africa

BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]

Egypt to set up yacht manufacturing company as part of yacht tourism promotion

Egyptian Prime Minister Mostafa Madbouly approved permitting the Suez Canal Authority (SCA) to co-establish Suez Canal for Modern Boats, State-run journal indicated Thursday December 7. Per the State-run media, the future company will manufacture, maintain, and export yachts and maritime units. The Suez Canal for Modern Boats will have a value of $5.1 million. It […]

Hospital in Gaza opens after reconstruction with Moroccan funding

The Al-Quds hospital of specialities was inaugurated, on Monday in the Gaza Strip, after it was rebuilt and equipped thanks to Moroccan funding. The opening ceremony of the hospital, which was destroyed during the Israeli aggression against the Gaza Strip in 2008, was attended by the head of the Moroccan representative office in Ramallah, Mohamed […]