Morocco’s ambitious stadium modernization program reaches a crucial milestone as the Grand Stadium of Tangier approaches its late September completion deadline, according to project architect Anouar Amraoui. The $360 million renovation transforms the venue into a 75,000-seat football-dedicated facility, eliminating the athletics track to create an intimate spectator experience meeting FIFA World Cup standards, Amraoui […]
The European Union announced on Thursday a new financial package worth €500 million for Morocco. The financial support will enable the North African Kingdom to carry out five projects aiming to strengthen further social protection, green transition, financial inclusion, reform of public administration and improvement of management of migration. The new cooperation deals were inked […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
