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GCC Rejects any Act Likely to Affect Morocco’s Supreme Interests, King Salman

King Salman of Saudi Arabia has reaffirmed that the member countries of the Gulf Cooperation Council reject any act that may affect Morocco’s supreme interests. In his opening address before the first Morocco-GCC summit held Wednesday in Riyadh with the participation of King Mohammed VI, King Salman reaffirmed “total rejection” by Saudi Arabia and the […]

France’s Société Generale to sell its business in Morocco – media reports

France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay Hafid Alamy, had reached a deal to buy 57% stake in the French subsidiary bank, Le360 said in an exclusive. The transaction to buy the fourth largest universal bank in […]

Egyptian billionaire Naguib Sawiris to visit Tunis

Egyptian billionaire Naguib Sawiris is planning to visit Tunisia “soon” and would announce resumption of one of his mega projects in the North African country. Sources told Egyptian media Acharaa that Sawiris might meet with “senior officials, including the Tunisian President.”   “The meetings will discuss among others a mega tourism project in one of […]