micro-enterprises

Morocco to sell 35% stake in Marsa Maroc

The Moroccan government plans to sell 35% stake in Marsa Maroc to Groupe Tanger Med which manages the biggest port in the Mediterranean and Africa in terms of container capacity. Marsa Maroc manages container terminals at 9 Moroccan ports and is listed at the Casablanca stock exchange. The deal will inject some 5.48 billion dirhams […]

Algeria-Morocco : tension flares up

The firing at about a dozen Moroccans at the border by Algerian forces on Saturday is increasing tensions between Algiers and Rabat. The firing caused no casualties but one person was seriously injured. Morocco is accusing Algeria of continuing to commit provocative acts that will hamper the management of the border. The Moroccan Foreign Ministry […]

Egypt: QNB finally takes over NSGB

A total of 443,535,902 shares of the ‘’National Société Générale Bank’’ (NSGB) have been acquired by the Qatar National Bank (QNB) at a selling price of EGP 35.65 per share. The 100% acquisition of the shares cost the Qatari bank EGP 16.142bn. The NSGB is a subsidiary of the French Société Générale Bank in Egypt. […]