Spanish Prime Minister Pedro Sanchez has officially requested Morocco to be part of the 2030 joint World Cup bid that also includes Portugal. Sanchez made the announcement at a press conference following a meeting with King Mohammed VI and head of the Moroccan government Saad Eddine El Othmani. The Moroccan news agency quoted the Prime […]
EFG Hermes, Egypt’s biggest investment bank, has completed its takeover of state-owned Arab Investment Bank for an undisclosed transaction. EFG Hermes, Arab News reports, agreed to purchase a 51% stake in the bank in May, with the Sovereign Fund of Egypt also acquiring a 25% stake and the current owner, Egypt’s state-owned National Investment Bank […]
The World Bank underscored Morocco’s “undeniable progress over the past fifteen years” saying that the North African Kingdom is on the path of an “emerging and politically stable country”. The report dubbed, “Morocco 2040 – Emerging by Investing in Intangible Capital” underscores that “Morocco has made undeniable progress over the past fifteen years not only […]
