King Mohammed VI Nov 2019

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. […]

US awards Lockheed $31 mln to sustain F-16 fleets in Morocco, 9 other nations

The US Department of War has awarded Lockheed Martin a $31.29 million contract for engineering and technical assistance services covering multiple F-16 programs, with Morocco among ten countries set to benefit under the US Foreign Military Sales (FMS) framework. The contract, announced this August, runs through June 30, 2029, and is designed to support beneficiary […]

Morocco’s earthquake orphaned children become adoptees of the nation

As rescue and relief efforts continue unabated in the earthquake-hit areas, King Mohammed VI ordered that children who lost their parents to be given status of adoptees of the nation, in a gesture of national solidarity. The earthquake that struck a week ago was the deadliest since 1960 killing nearly 3000 people, destroying villages in […]