MAP of wild fires in Latin America & Central Africa

EU, Spanish officials welcome positive development of Morocco-Spain relations

The European Union (EU) welcomed, Monday, the positive development of relations between Morocco and Spain, saying this development is “beneficial for the implementation of the Euro-Moroccan partnership as a whole”. “The European Union welcomes any positive development between its member states and Morocco in their bilateral relations, which can only be beneficial for the implementation […]

Morocco, Portugal Mulling Undersea Electricity Link

Morocco and Portugal are studying the possibility of an undersea power connection, which would be the second Europe-Africa link. The two countries have signed in this regard a feasibility study, which will cost $455 million. At present, Portugal exports its excess energy to its neighbor Spain, which then feeds into the European system via France. […]

Egypt moves forward with privatization as Emirates NBD eyes Banque du Caire

Emirates NBD, the largest bank in Dubai by assets, has commenced due diligence on a potential acquisition of a stake in Banque du Caire, Egypt’s sixth-largest commercial bank. This acquisition is part of Egypt’s ongoing efforts to privatize state-owned businesses as the country seeks to raise up to $2.5 billion in its 2024-2025 fiscal year. […]