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Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

Employment, SMEs & green Economy Priority Areas for EBRD in Morocco

President of The European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, who is paying a visit to Morocco underscored that EBRD will continue supporting Morocco in priority areas such as promoting youth employment, facilitating the setting up of SMEs and encouraging green economy projects. Chakrabarti said, during a meeting with the head of government […]

Sahara: Polisario hit by another major setback in New Zealand

After losing all its legal battles launched at EU, UN, US Congress, Africa…against Morocco’s territorial integrity, its agricultural, fisheries and phosphate deals including Moroccan Sahara, the Polisario tried once again its disruptive game in New Zealand but to no success. The representative of the Polisario Front in Australia and New Zealand had lodged a complaint […]