Moroccan minister of economy & finance Mohamed Benchaaboun conferred on Monday in Brussels, with European Commissioner for Economy Paolo Gentiloni on Morocco-EU partnership and on rules of origin, which need to be reviewed to bolster the Kingdom’s exports. Talks between the two sides also tackled the issue of taxation. “Important decisions will be taken in […]
The Spanish group Europac, specializing in the production of packaging paper and cardboard, inaugurated this week an integrated packaging plant in Tangier Automotive City (TAC,) dubbed Europac Packaging Med. The plant, the company’s first outside Europe, required a €30 million investment, which is the largest amount injected by the Europac Group in an industrial unit […]
Earlier this May, Fitch downgraded Egypt’s sovereign rating to “B” with a negative outlook. Three of the four banks, whose ratings it downgraded, are public banks exposed to the state. Rating agency Fitch downgraded on May 17 the credit ratings of four major Egyptian banks, namely The National Bank of Egypt (NBE), Banque Misr, Banque […]
