hisham-el-khazindar

Morocco completes 2 bln euro-denominated oversubscribed bond sale

Morocco has sold 2 billion euros in a dual-tranche bond split into four and ten years, as demand exceeded the offer, Bloomberg and Global Capital reported. Morocco gathered some 7 billion dollars in orders for the bond sale, highlighting the attractivity of the country for global investors. The bond would boost the government’s finances as […]

Morocco needs to have its own refining capacity

Morocco’s only refinery has been idle since 2015 over unpaid taxes and legal hurdles, leaving the country prey to dependence on refined oil imports and fluctuations in the international markets. Calls for reactivating the idle Samir refinery in Mohammedia become more acute as fuel prices more than doubled compared to last year, due to a […]

Algeria-France: Air Algérie eyes acquisition of bankrupted Aigle Azur

Algeria’s national carrier Air Algérie is interested in acquiring its main rival on Algeria-France route, Aigle Azur, which has grounded its aircraft over bankruptcy. A source from the state-owned airline told local media TSA that management is keen to acquire its rival and its installations in France where it operates from. The intentions have been […]