Egypt construction site

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

Mohammed VI mosque to welcome worshipers in Conakry

Mohammed VI mosque in Conakry will welcome its first worshipers on March 29, underscoring the strong spiritual ties between the Moroccan and the Guinean people. The mosque, ordered by the Moroccan King, will open during the Friday prayer with the participation of eminent Moroccan and Guinean scholars, the Mohammed VI Foundation of African Ulema said […]

Burkina Faso re-establishes ties with North Korea, purchase of military equipment in sight

Olivia Roumba, Burkina Faso’s top diplomat announced Wednesday the resumption of diplomat ties with North Korea as Ouagadougou seeks Pyongyang’s military support in order to address insecurity at home caused by terrorist groups. “This resumption of diplomatic relations with North Korea will enable this East Asian country and Burkina Faso to maintain exemplary bilateral cooperation […]