Roi Mohammed VI

Morocco’s exports hit new records, beating post-Covid-19 fears

Morocco’s exports have climbed sharply during the past five years, reaching their highest levels on record, confirming the resilience of the country’s economy and its recovery after covid-19 crisis. During the first seven months of 2021, exports of Morocco jumped by 23.2% to over $19 billion compared to the figures recorded the same period of […]

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]

Libya: Tobruk calls Arab States to rescue in fight against Deash

The Libyan government in Tobruk has called on the Arab States to help it combat the militants of the Islamic State in the coastal town of Sirte. The town has been under the influence of the Tripoli-based government backed by the coalition of Islamist forces before they were forced out of the city at the […]