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Moroccan, Mauritanian armies discuss closer cooperation

Senior officials of the Moroccan and Mauritanian armies held their second joint committee in Nouakchott focusing on the means to reinforce cooperation to secure their shared borders. The meeting comes after a three-day visit by Moroccan chief of staff Abdelfattah Louarak to Mauritania leading a senior level delegation. The importance of this meeting also stems […]

Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank

The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned United Bank, Egypt Today reports. Barclays will work alongside local financial advisor, CI Capital, the media also notes. United Bank is one of the 32 state-owned companies the Egyptian government […]

Spanish Aerospace giant Aciturri expands in Morocco

Spanish aeronautical group Aciturri is expanding its presence in Morocco through a new partnership announced Wednesday. Under the new partnership, Aciturri will establish a new manufacturing facility in Midparc, a Moroccan industrial development company, with an estimated investment of $2.4 million (25 million dirhams) planned for equipment in 2024. The agreement, signed in Casablanca in […]