Horst Kohler

Egypt Loses $10bn in Suez Canal Revenue because of Attacks in Bab al-Mandab Strait

Egypt has lost $10 billion in revenues from the Suez Canal due to ongoing attacks on shipping in the Bab al-Mandab Strait, President Abdel Fattah el-Sisi said on Monday, May 4, during a meeting in Cairo with Mathias Cormann, 6th Secretary-General of OECD. The attacks, which began in November 2023, have significantly reduced vessel traffic […]

World Bank to leverage guarantees for increased international financing in Morocco

The World Bank plans to utilize guarantees to draw more international financing to Morocco, said Hiroshi Matano, Executive Vice President of the Multilateral Investment Guarantee Agency (MIGA). “We believe that these guarantees can help Moroccan borrowers (corporate and public institutions and non-sovereign risk counterparties) diversify their financing sources with private capital,” Matano said in an […]

Crown Prince Moulay El Hassan inaugurates in Rabat Prince Moulay Abdellah Stadium, reconstructed in line with FIFA standards

Crown Prince Moulay El Hassan inaugurated this Thursday in Rabat, the “Prince Moulay Abdellah” stadium, following reconstruction work that brought this prestigious sports infrastructure to the FIFA 2030 standards. The new stadium’s reconstruction comes in execution of the high royal guidelines, aimed at equipping the Kingdom with state-of-the art sports infrastructure ahead of upcoming major […]