AU commission incumbant chair Moussa faki

Spain’s Teknia Bolsters Footprint in Morocco’s Automotive Industry

Spanish car component manufacturer, Teknia Group, has opened a new plant in Tangier to boost its production capacity. The new factory, which replaces an existing plant set up by the group in 2011, is built over a surface area of 2,700 square meters, the Group said in a statement. The Spanish group operates in the […]

Authorities Arrest First Suspect in Shooting of MP in Casablanca

The judicial police arrested the first suspect in the shooting of parliamentarian Abdellatif Merdas in his car in front of his house in Casablanca on Tuesday. Police seized in the house of the suspect two rifles and 12mm bullets, the same types that were used to kill Merdas, a member of the liberal Constitutional Union […]

Moody’s downgrades Tunisia’s ratings to B3 with negative outlook

New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook.   “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]