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Morocco’s OCP gets €570 million for the development of a brand new college campus for UM6P close to Rabat

The World Bank, through its Multilateral Investment Guarantee Agency (MIGA), has just announced a €570 million disbursement guarantee for the construction of a new university campus for the Mohammed VI Polytechnic University (UM6P) near Rabat. These funds are made up of loans whose guarantee lasts up to 10 years and which are allocated to the […]

KSA: BinDawood takes majority stakes in French company Ykone

Saudi Arabian retailer BinDawood Holding has acquired 80.5% stake in Paris-based marketing agency Ykone through its wholly owned subsidiary Future Technology Retail (FTR), Zawya reports. BinDawood Holding in a statement said the transaction is part of the company’s strategy to boost its e-commerce presence. “The Middle East’s influencer marketing industry is growing exponentially. This investment […]

Turkey to extend military presence in Libya

The office of Turkish president Recep Tayyip Erdogan has presented to the parliament in Ankara a request for an 18-month extension to its military mission in Libya, reports say. Turkey has had military presence in Libya since January 2020 after it signed a maritime and security deal with then ruling Government of National Accord (GNA), […]