El-Guerguarat

EU lambasts report purporting plans to send military troop to Libya

The European External Action Service (EEAS), the diplomatic service and combined Foreign and Defense ministry of the European Union (EU), rejected charges leveled against the EU allegedly planning to send military forces to Libya to prop up ceasefire, Libya Observer reports. “The EU is committed to continue supporting Libya’s return to peace and stability, including […]

IMF: Morocco gets $5 Bln credit line to enhance its economic resilience & external buffers

The International Monetary Fund (IMF) decided on Monday to provide a $5 billion precautionary flexible credit line (FCL) to Morocco to enhance the country’s external buffers, and support its economic resilience and structural reforms. Ms. Antoinette Sayeh, IMF Deputy Managing Director, said : “Morocco’s very strong macroeconomic policies and institutional framework have allowed its economy […]

Global semiconductor leader STMicroelectronics inaugurates new production line in Bouskoura

The global semiconductor leader, STMicroelectronics, inaugurated earlier this week its new electronic component production line in Bouskoura, with an investment of 2.4 billion dirhams ($244 million). In a global context marked by the shortage of electronic components for electric cars, STMicroelectronics inaugurated its new production line for advanced electronic components at its Bouskoura site. The […]