Fondation Mohammed VI pour la solidarite

Egypt mull plans to list SCA companies on Cairo stock market

The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA Osama Rabie said. Rabie, in an interview with Al-Arabiya, said that studies are underway with the finance and investment ministries and that the chosen companies are those that achieve the […]

Morocco cuts budget deficit to 6% of GDP in 2021

Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a year earlier, the finance ministry said. The deficit stood at 70.9 billion dirhams, down from 82.3 billion dirhams in 2020, a year in which Morocco imposed a three-month long lockdown […]

Morocco, UAE Stress Need to Coordinate Arab Stances to Counter Terrorism

King Mohammed VI and Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, stressed at talks they held Saturday in Abu Dhabi the need to coordinate Arab stances to counter the terrorism and violence that undermine the region’s security and stability. During the talks, King Mohammed VI, who had arrived in Abu Dhabi […]