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Morocco sells $3 bln in triple-tranche bond

Morocco has successfully sold an international bond worth 3 billion dollars composed of three parts, the finance ministry said. The bond is divided into securities of 7 years, 12 and 30 years each worth 750 million dollars, 1 billion dollars and 1.25 billion dollars, the ministry said. The deal is the higher amount raised by […]

Morocco to repatriate F16 Jets from Saudi-led Campaign in Yemen over Tensions in Sahara

The Moroccan royal air force will withdraw its F16 fighter jets taking part in the Saudi-led coalition against the Houthis in Yemen as the Moroccan army is placed on high alert following the recent tensions with the Algerian-backed Polisario separatists in the north-west of the Sahara territory, Ledesk.com said. Citing sources from the royal air […]

Algeria’s Ruling Coalition wants ailing Bouteflika to run for fifth term

The ruling coalition in Algeria agreed to nominate President Abdelaziz Bouteflika to run for a fifth term amid cries for election boycott. Ailing Bouteflika has yet to confirm. The 82-year-old president who has been in power since 1999 has not spoken in public since he suffered a stroke in 2013. “The parties of the presidential […]