endeavor

Cairo awaits the remainder of its loan

Egypt will be receiving the remaining $1billion within two months from Turkey after satisfying the conditions attached to the $2billion loan agreement concluded last year to support its budget deficit. Turkey’s Eximbank will be handling the transactions. The money is needed by Egypt to suppress its problems as the government continues to run out of […]

EU: Morocco, key partner in migration

The European Union regards Morocco as a “key” partner in migration and security matters, said on Monday Paraskevi Michou, Director General for Migration and Home Affairs at the European Commission. “At the European Commission, we are committed to building a long-term relationship of trust with partner countries, including Morocco, which plays a key role in […]

Countdown starts for launch of PSA Peugeot Kenitra factory

French automaker PSA Peugeot is undertaking the final touches before starting production in its Kenitra factory, worth €557 million. Head of the Central Bank had said that the factory will open by mid-2019. Peugeot’s CEO Carlos Tavares will attend the opening of the state-of-the-art factory, which will mark the return for the company’s production in […]