Biram-Dah-Abeid

French support for Moroccan sovereignty over Sahara to have a domino effect in Europe- French diplomat

French unambiguous support for Morocco’s autonomy plan and its sovereignty over the Sahara territory would reverberate across Europe, where many countries would follow suit, former French ambassador to Algeria Xavier Driencourt said. France, a permanent security council member, has a significant influence that could encourage other nations, particularly European ones, to reconsider their position on […]

Egypt, Eni ink oil exploration, exploitation deal worth $1bn

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]

Morocco’s BCP acquires 100% of capital of Brazzaville-based BCI

Morocco’s BCP bank said on Friday it completed the acquisition of BCI bank in Congo Republic from France’s BPCE after having met all regulatory requirements. Speaking on the sidelines of a ceremony to seal the agreement, BCP CEO Kamal Mokdad said “the acquisition of BCI will help BCP group strengthen its presence in the Economic […]