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Morocco-Covid 19: $200 million donation from Al Mada Holding

On the proposal of its main shareholder, the Al Mada Board of Directors donated more than $200 million to the special fund dedicated to the management of the Coronavirus pandemic in Morocco. This important initiative translates the great interest and commitment of King Mohammed VI in managing the Coronavirus crisis, which is affecting the Kingdom. […]

Egypt’s Suez Canal Bank to pull out of Middle East Oil Refinery

The publicly listed company, Suez Canal Bank, says it will withdraw entirely from Middle East Oil Refinery (Midor), Zawya reports. The operation will generate $30.4 million for Suez Canal Bank as 1.27 percent stake (560,000 shares) will be sold to Egyptian General Petroleum Corporation (EGPC) at $54.7 per share. The financial service institution posted a […]

Algeria to generalize fiber optic connections in industrial areas

Plans are underway to generalize fiber optic connections between all industrial areas and business parks in Algeria and telecommunication operator Algérie Télécom will be supported in its investments efforts to carry out the plans. The announcement was made by minister of post and ICT, Moussa Benhamadi, during the signing ceremony of a Framework Agreement between […]