Morocco & Saudi Arabia to Enhance Defense Cooperation

The Moroccan-Saudi Joint military Committee held on Tuesday its second meeting in Rabat to review cooperation between the two countries’ armed forces during the 2018 & 2019 period and set their joint program for 2020. The meeting was co-chaired by Lt. General, Inspector General of the Royal Armed Forces (FAR) and the Saudi General, Chief […]

Libya: Qatar’s QNB sells shares in Bank of Commerce & Development

Qatar’s National Bank (QNB) has relinquished its shares in Libya’s largest private bank, Bank of Commerce & Development. Bank of Commerce & Development in statement said it bought QNB’s equities, 49 per cent, Libya Observer reported. Libyan investors acquired the equities, according to the bank. QNB announced six months ago it was pulling out of […]

Morocco’s investment fund partners with IFC to boost sustainable infrastructure

Morocco’s Mohammed VI Investment Fund and the International Finance Corporation (IFC), a member of the World Bank Group, signed a partnership agreement on Tuesday to identify and finance sustainable infrastructure projects in the North African country. The agreement aims to support high-impact infrastructure projects in strategic sectors such as renewable energy, water, transport and logistics, […]