Omar Hilale

Cairo awaits the remainder of its loan

Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]

Guatemala opens consulate in Morocco’s Saharan city of Dakhla

Guatemala opened this Thursday a Consulate in Dakhla, pearl of the Moroccan Sahara, joining the countries recognizing Morocco’s sovereignty over its Saharan territories and dealing a hard blow to the enemies of the North African Kingdom. The inauguration ceremony was presided over by Guatemala’s Foreign minister Mario Adolfo Búcaro and the wali of the region […]

Romania: Morocco’s OCP to Create Joint Fertilizer Company with Emirati Al Dahra

Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. The Moroccan government’s approval of the operation, […]