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Second RAM plane carrying 157 Moroccans evacuated from Sudan lands in Casablanca

A second plane of Royal Air Maroc coming from Sudan landed this Wednesday afternoon at Mohammed V airport in Casablanca, with 157 Moroccan nationals on board, evacuated from Sudan, following the deterioration of the security situation in this country. A first plane carrying 136 Moroccans among those stranded in Sudan had landed at Casablanca Airport […]

Abu Dhabi Islamic Bank Egypt appoints Egypt’s Minister of International Cooperation Rania Al-Mashat as board member

Abu Dhabi Islamic Bank Egypt (ADIB Egypt) has named Rania Al-Mashat, Egypt’s Minister of International Cooperation as a member of the board of directors. Al-Mashat, Ahram Online reports, received a special waiver from Prime Minister Mostafa Madbouly to serve in the new position while maintaining her portfolio in the Egyptian Cabinet. Abu Dhabi Islamic Bank […]

Fitch Rates Morocco ‘BB+’ with a Stable Outlook

Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]