UN Security Council

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 […]

Royal Air Maroc ‘African Airline of the Year’- African Airline Association says

The African Airlines Association (AfRAA) awarded two of its prestigious awards to Morocco’s Royal Air Maroc, which was celebrated as “African Airlines of the Year.” The Moroccan flag carrier received two awards in the categories of “global operations” and “best improved results in 2018.” It is worth mentioning that RAM received this awards despite the […]

King Mohammed VI congratulates President Biden on United States Independence Day

King Mohammed VI has sent a message of congratulations to President Joe Biden on the celebration of the United States’ Independence Day, calling for strengthening bilateral ties through ambitious partnerships in all fields.   In his message, the King expressed his warm congratulations and sincere wishes for “health, happiness, and peace of mind to President […]