Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]
Libyan youth living around the coastal areas are turning towards kitesurfing to occupy their leisure time. The sport is gaining huge popularity. Water sports in Libya, a Mediterranean country boasting a 1,770-kilometre coastline (1,106 miles) and almost 365 days of sunshine, were woefully underdeveloped during the Gaddafi regime, although there was a sailing federation in […]
Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to […]
