The economy of the occupied enclave of Ceuta contracted 40% after Morocco closed its borders, said right-wing governor Juan Vivas. The governor, known for hostile stands against Morocco, called on the EU to adopt reciprocal stands against the North African Kingdom. Morocco has closed its borders with Spain to avert a surge in coronavirus especially […]
Morocco’s sustainable energy agency MASEN launched a tender for a 400 MW wind project, dubbed Nassim Nord, in the country’s north, as the Kingdom seeks to bolster the share of renewable energy in its mix. MASEN asked to submit bids before June 24 covering finance, construction, and operation of the wind project. The project includes […]
Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]
