CFG Bank, one of the smallest banks in Morocco, plans to issue an initial public offering at the Casablanca stock exchange. The decision was made by the bank’s general assembly with the aim to raise 600 million dirhams through a capital increase at the stock exchange. CFG will issue new shares with a par value […]
Morocco won the presidency of the UN Economic Commission for Africa (ECA), in an event that highlights the Kingdom’s clout and leadership within the continent. The one-year-term presidency will feature the chairmanship by Morocco’s industrial minister Ryad Mezzour of the Confederation of African Ministers for Finance, Planning, and Economic Development. Algeria, as was expected, attempted […]
President Donald Trump on Friday signed into law the 2019 appropriation legislation that stipulates explicitly that the assistance funds allocated to Morocco will also benefit the Sahara. Morocco welcomed the text, which recognizes Morocco’s sovereignty over its Sahara southern provinces, as it is unequivocally pro-Morocco and unusually forthcoming on US development funds for the Sahara. […]
