dakhla race

EBRD invests €38.4 million in Moroccan rail operator

The European Bank for Reconstruction and Development injected 38.4 million euros-via a green bond issuance- in Moroccan rail operator ONCF, as the latter expands its network. “Issuing the bond will partially refinance the debt from ONCF’s latest development round designed to modernize and electrify the network; acquire and upgrade electric rolling stock; address safety units […]

Morocco hands over PA-UfM Presidency to Spain

Spain took over from Morocco the rotating presidency of the Parliamentary Assembly of the Union for the Mediterranean (PA-UfM) for a one-year term. The transition of the PA-UfM presidency to Spain took place at the conclusion of the Assembly’s 17th plenary session, held in Rabat with the participation of parliamentarians from over 42 member countries […]

TunisAir plans massive layoff starting from 2022 to ease financial burden

Tunisia’s national carrier, TunisAir, will lay off 1,000 employees over three years starting from 2022 as part of plans to reduce financial burden and return the company to profitability, CEO Khaled Chelly has revealed. Chelly made the announcement Thursday while receiving the second small body A320neo of a four-jet deal signed with Airbus. The first […]