royal-air-maroc

EU makes €190 million financial contribution to post-quake reconstruction

The EU has pledged 190 million euros in a new financial contribution to Morocco’s post-quake reconstruction efforts. An agreement was signed in that respect by the EU’s commissioner for the neighborhood Olivér Várhelyi and minister in charge of the budget Fouzi Lekjaa. The Commissioner said the EU has injected 5 billion euros in the Moroccan […]

President Macron recognizes France’s responsibility for disorder in Libya

French President Emmanuel Macron for the first time officially recognized the responsibility of France in the disorder which has been shaking Libya and part of Africa for ten years. “We owe a debt to Libya, very clear: a decade of disorder, » said President Macron while receiving the new Libyan leaders, Tuesday March 23 at […]

OCP Gleans $ 1.5 billion to Finance Large-Scale Investment Programs

L’Office Chérifien des Phosphates (OCP,) the Moroccan State-owned phosphates company, said last week it raised $ 1.55 billion in the first international bond issue having a solid emitter notation organized by an African company outside South Africa. OCP thus sold 10-year bonds to yield 5.625 percent for $1.25 billion and $300 million worth bonds that […]