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Egypt: Fighter jet crashes during drill

The Egyptian army announced Sunday that a fighter jet crashed during training on Sunday because of a technical error. Army spokesman Gharib Abdel Hafez said the pilot and mate survived the crash. The official did not provide more details on the type of aircraft. The Egyptian army lost several aircraft in similar incidents in the […]

Morocco’s OCP plans international bond sale

Morocco’s phosphates and fertilizers producer OCP plans to issue a dual-tranche bond of 5 and 10 years, Reuters reported. OCP has mandated Citi and JP Morgan to arrange the bond sale, the agency reported without adding details. In February last year, OCP completed the issuance of an additional $300 million bond, linked to the group’s […]

Modern Diplomacy: U.S.-China Rivalry Provides Morocco Real Market Opportunities

The economic rivalry between the U.S. and China offers Morocco real market opportunities with complex challenges, said European news platform “Modern Diplomacy”. The North African Kingdom, a regional emerging economy strategically situated between Europe, Africa, and the Atlantic, is set to benefit from the divide, said the media outlet in its analysis on the impacts […]