essider-port-reprise

Airbus strengthens partnership with Rabat as Morocco’s aviation sector expands

European aerospace giant Airbus is seeking to deepen its partnership with Morocco’s rapidly growing aviation sector, citing significant opportunities in the North African kingdom, company executives announced at the Paris Air Show, held from June 16-22 in the French capital’s suburbs. Wouter Van Wersch, Airbus executive vice president for international affairs, described Morocco as “a […]

Morocco, an African industrial powerhouse under reign of King Mohammed VI

Twenty-six years ago, no one would have imagined that Morocco’s top exports would be cars. Morocco’s GDP, thanks to the King’s far-sighted approach, has more than doubled in a tough environment reaching some $130 billion, thanks to different economic policies spurred by the King, with the industry at its heart. Industry has helped Morocco reduce […]

Saudi Arabia shelves plan to take over United Bank of Egypt over disagreement with Cairo

Saudi Arabia has put a plan by its sovereign wealth fund to acquire the United Bank of Egypt on hold because of a disagreement with the Egyptian authorities over its valuation, Reuters reports citing two sources familiar with the matter. The pause is unprecedented in the spree of investments done by the Gulf country in […]