Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]
The U.S. administration has decided to enhance further its military and security cooperation with Morocco, one of its major allies in the region of North Africa and the Middle-East. According to press reports, citing 2016 appropriations Bill passed by the Congress, Washington has earmarked 31.5 Million USD foreign aid to Morocco, including 11.5 Million USD […]
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
