Chamber of Commerce of Valencia

Egypt-Libya: Haftar becomes again the privileged ally of Cairo

The visit last week of Libyan Marshal Khalifa Haftar to Egypt, according to Cairo and Washington, is part of the efforts led by the international community to succeed in the political process and lead to general elections at the end of the year in Libya. For the sake of balance, Egypt also announced that it […]

Morocco’s RAM to cut jobs and routes due to coronavirus crisis

Morocco’s flag carrier RAM saw its revenues drop to zero because of a domestic and international flight ban following the coronavirus outbreak leaving the company struggling to pay salaries and expenses. The company has requested state aid and plans layoffs as well as canceling some routes it has opened recently, Moroccan media reported, noting that […]

KfW supports Morocco’s financial system reform with €165 Mln funding

German Development Bank (KfW) has pledged to provide Morocco €165 million funding to continue reforming its financial system which has shown resilience to external shocks. The KfW financial support includes a €150 million loan and a €15 million grant. Funding agreements were inked Wednesday in Rabat by Economy & Finance Minister Nadia Fettah and Head […]