Senegalese presidential plane Pointe Sarène

Automotive: Canadian Magna Builds Mirrors Plant in Morocco

Magna, one of Canada’s largest automobile parts manufacturers, has launched construction works for the building of a new facility in Kenitra, Morocco, to supply global automakers with exterior and interior mirror systems. The 61,400-square-foot facility represents an investment of $11.3 million by Magna and is expected to create up to 275 jobs. Production at the […]

Sahara issue looms over Saham-Sanlam $1.1 bln deal

Head of Morocco’s BMCE Bank, the third largest bank in the country, criticized the sale of Saham insurance business to South Africa’s Sanlam as detrimental to Morocco’s interest. Speaking at a press conference, head of BMCE Othmane Benjeloun deplored the sale worth $1.1 billion on grounds that South Africa supports the Polisario separatists. “We end […]

Spain, Algeria caught in act of forgery

Ghali’s hospitalization in Spain under a false identity is an embarrassing intelligence failure for Spain and Algeria and a breakthrough for Morocco. Ghali entered Spain on board an Algerian airplane using an Algerian passport and a false identity putting to the test the Moroccan-Spanish partnership and cooperation. Spain and Algeria had agreed at the highest […]