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Moroccan households let out sigh of relief after Royal Eid Al Adha decision

The decision to forgo the rite of slaughtering on Eid Al Adha this year was welcomed by Moroccan households, mostly the poor and the middle class, who have been relieved of a financial burden that could jeopardize their finances amid rising prices. Moroccan media have spoken to random people in different streets expressing relief at […]

Egypt Gets $ 200 Million EBRD Loan for Power Plant Project

The European Bank for Reconstruction and Development (EBRD) has approved a US$ 200 million loan for the construction of a new 1.8 GW combined cycle gas-fired power plant in Damanhour, north west of Cairo. This loan will contribute to funding the US$ 1.3 billion total project cost, which is also being supported by the European […]

King Mohammed VI Congratulates Iran’s President on National Day

King Mohammed VI of Morocco congratulated in a message Iran’s President Hassan Rouhani on the occasion of the National Day of his country. In the message, the King expressed heartfelt congratulations and best wishes of health and wellbeing to President Rouhani and “further progress and prosperity to the Iranian brotherly people.” On the same occasion, […]