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Casablanca stock exchange on the red over Covid-19 fears

The main index at Casablanca’s stock exchange suffered on February 9 the steepest single-day plunge in its history amid a similar trend in international bourses due to Coronavirus fears. Investors rushed to sell shares causing a 5.82% drop in Masi, Casablanca’s main index, which lost 11.2% of its value since the beginning of 2020. The […]

Total Challenges Algeria in International Court of Arbitration

French oil company Total has taken its dispute with Algerian authorities to the International Court of Arbitration, via the International Chamber of Commerce in Geneva. Total contests Algerian state oil & gas producer Sonatrach decision to change profit-sharing terms on oil and gas contracts in the mid-2000s. “We tried as always to find a mutual […]

Mohammed VI Cup: Raja Casablanca, fans to be warmly welcomed in West Bank

Palestinian leader Mohamed Abbas has instructed the Palestinian Ministry of Sport to give a warm welcome and give a free hospitality to Raja Casablanca club and its fans during the second leg match with local Hilad Al-Quds, part of the Mohammed VI cup. Both teams will lock horns on October 3 for the second leg […]