Morocoo-Train-Derails

Tunisia’s economic outlook dims as President rejects IMF conditions

Cash-strapped Tunisia continues to face headwinds in its quest to obtain a lifeline $1.9 billion credit from the IMF whose conditions are now openly rejected by authoritarian president Kais Saied. Saied was outspoken in rejecting the IMF conditions for Tunisia to cut subsidies in order to improve public finances. Saied’s statement adds to the fierce […]

Addis Ababa: Morocco Takes Part in Preparatory Meeting of African Union Summit

Morocco is taking part in Addis Ababa in the 40th ordinary session of the Executive Council of the African Union in preparation for the 35th African Summit scheduled for Feb.5-6 in the Ethiopian capital. The two-day preparatory meeting, which started Wednesday, is discussing the decisions, statements and recommendations to be submitted to the summiteers for […]

Morocco-KSA: Cosumar’s new sugar refinery in Yanbu to start production in March

Morocco’s first sugar refinery Cosumar announced that production in its new refinery in Yanbu, Saudi Arabia, will start in March this year. The refinery in Yanbu is scheduled to start operating in March 2020, Cosumar group CEO Mohamed Fikrat told Reuters. The Yanbu refinery, with a nominal capacity of 850,000 tons of high quality white […]