Mauritanian military base

Morocco capital market regulator greenlights CFG Bank IPO

Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]

Egypt wavering over depreciation or depleting reserves

“Is it better to deplete the reserves or is it better to depreciate the pound?” The question was raised by Egyptian Investment Minister Ashraf Salman during a conference on Sunday, after the Central Bank announced earlier in the day that the net international reserves have fallen to $18.1billion. According to the Investment Minister, “at this […]

Morocco denies banning drugs exports to African countries

Moroccan health authorities have refuted the press reports claiming that the Kingdom has banned the exports of drugs to African countries, particularly during the current global health crisis caused by coronavirus pandemic. The Moroccan ministry belied the press report, labeling as “false and baseless” its claims, which seek to tarnish Morocco’s image and its health […]