Morocco and China’s Sunrise Group, a global leader in the textile industry, have signed a deal under which the Chinese group will invest $230 million. to bolster its textile sector, in a deal aimed at strengthening the Kingdom’s role in global supply chains. The deal, signed in Rabat this Thursday, aims to strengthen Morocco’s textile […]
The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]
A patrol unit of the Moroccan royal navy rescued 141 Sub-Saharan migrants, including 3 women and 2 children, off the southern city of Dakhla on February 18. The migrant-loaded boat sailed from Mauritania en route to Canary Islands when the royal navy unit was asked for assistance by the national center for coordination and maritime […]
