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Morocco’s OCP Group raises $2 billion from bonds sale

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]

Morocco’s Ambassador in Paris presents her credentials to French President

Mrs Samira Sitail presented, on Thursday at a ceremony at the Elysée Palace, her credentials to President Emmanuel Macron, as Morocco’s Plenipotentiary and Extraordinary Ambassador to France. Mrs Sitail was appointed to the position by King Mohammed VI on November 30, 2023. The French Ambassador to Morocco had presented his credentials to King Mohammed VI […]

Saudi startup supporter VMS acquires minor stakes in Egyptian startup accelerator ‘Cash Cows’

Saudi Arabia-based venture studio VMS has acquired a minority stake in Egyptian start-up accelerator ‘Cash Cows’ as part of a strategic partnership agreement aimed at supporting the entrepreneurial ecosystem in both countries, reports say. ‘Cash Cows’ in a press release indicated that the partnership aims to bring together resources, expertise and support to help the […]