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Egypt-based online payment service Fawry denies connection with Silicon Valley Bank
Egypt’s leading e-payments solutions provider Fawry denied Monday any affiliation with Silicon Valley Bank (SVB), nor any of its subsidiaries, weeks after US authorities ordered the closure of SVB with the Federal Deposit Insurance Corporation (FDIC). The company in a press release also confirmed that it does not currently have any relationships with any bank […]
Morocco’s OCP Group Inks Cooperation Agreement with Fraunhofer Institute on Sustainable Fertilizer
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
Morocco: International drug trafficking network dismantled near Es-Semara
Policemen dismantled Saturday morning, on the basis of precise information provided by the General Directorate of Territorial Surveillance (DGST), an international drug trafficking network and seized 4,345 kg of cannabis resin. Police interventions led to the arrest of two individuals, aged 31 and 32, for their alleged involvement in international drug trafficking activities by sea, […]



