is-iraq

Egypt: OCI’s Amsterdam relocation gets green light

Egypt’s Orascom Construction Industries (OCI) said shareholders had approved its offer to acquire its ordinary shares listed in Cairo in exchange for cash or OCI shares listed in Amsterdam. Shortly after the report, the company’s shares rose 1.7% to 267.86 Egyptian pounds at the close in the capital, the strongest since January 22nd. The stock […]

Morocco’s 2023 budget to foster well-fare state

The ministerial council chaired by King Mohammed VI has approved a draft budget that aims at fostering the pillars of the welfare state by focusing on the generalization of social protection, upgrading the education system, improving access to social housing and protecting vulnerable groups. The draft budget expects a growth rate of 4% and a […]

Moderate Islamist Party Faces ‘Mission Impossible’ to Form Government Coalition

Morocco’s parliamentary elections unfolded with the incumbent moderate Islamist party, Justice and Development (PJD) coming first followed by liberal Authenticity and Modernity Party (PAM) in a tight electoral race that makes government coalition formation an uphill battle for the PJD. A coalition between the PJD with 125 seats followed by the PAM with 102 seats […]