Sanofi-Aventis pharmaceutical group has opened a state-of-art logistics hub in Casablanca, Morocco, giving a new impetus to the thriving pharmaceutical industry in the North African nation. The facility, built over a 12,000-sq/m2 zone, cost the Paris-based company an investment of 20 million euros. It will handle 1,300 products destined for local market and for export […]
Volcano of Rage Operation, the navy forces aligned with UN-backed Government of National Accord (GNA), have seized a vessel flying Liberia flag, on its way to deliver illegal aviation fuel to rebel Gen. Khalifa Haftar, few days after the National Oil Corporation (NOC) accused the UAE for smuggling aviation fuel to the east-based commander. Colonel […]
Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]
