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Casablanca Stock Exchange reports record oversubscription for Vicenne’s IPO

The initial public offering (IPO) of Vicenne, a leading Moroccan medical equipment company, broke a new record on the Casablanca Stock Exchange with an IPO that was oversubscribed 64 times. The offering attracted over 32 billion dirhams in demand by investors for shares worth just 500 million dirhams, resulting in an unprecedented oversubscription. Vicenne offered […]

Russia pledges help to Southern Sahara countries grappling with terrorism

Sergei Lavrov, Russia’s top diplomat, indicated Tuesday that Moscow was keen to provide assistance to Sahel and Gulf of Guinea countries fighting terrorism, as he was on a two-day trip to ally Mali. “The fight against terrorism is of course a reality for the other countries in the region”, he said at a joint press […]

Morocco’s Cultural Center in Paris Will Celebrate Joint Ties

The Moroccan cultural center to be built in Paris will enhance further the deeply rooted cultural ties between Morocco and France, said Wednesday French President Francois Hollande. The details of the project of this new cultural institution were unveiled on Wednesday in the presence of King Mohammed VI who is paying a working and friendship […]