Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]

Morocco opens first chamber of commerce in Italy to boost bilateral trade

Morocco has inaugurated its first Chamber of Commerce in Italy, marking a significant step toward strengthening economic and trade relations between the two Mediterranean partners. The double ceremony took place at the chamber’s headquarters and at the Italian Senate, attended by prominent Moroccan and Italian figures from politics, business, and culture, as well as representatives […]

Morocco, UK poised to expand cooperation in defense & security areas

Morocco and the United Kingdom have a shared determination to deepen their cooperation in the areas of defense and security and to expand it, in particular, to the defense industry and cybersecurity. Means to bolster this cooperation were discussed during meetings that the visiting UK Defense Senior Advisor to the Middle East and North Africa, […]