The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a €45.5 million loan to Eczacıbaşı Consumer Products Maroc (ECP Maroc) to enable the Moroccan subsidiary of Turkish group Eczacıbaşı Consumer Products (ECP) to acquire Jeesr, a leading manufacturer of tissue paper products in Morocco. This is the Bank’s first cross-border acquisition financing package […]
As the United Nations Security Council prepared to vote on a pivotal resolution endorsing Morocco’s autonomy plan for Western Sahara, Algeria launched a last-minute diplomatic offensive to alter the language of the U.S.-drafted text. The resolution, which framed Morocco’s autonomy initiative as basis for negotiations was met with unprecedented activism by Algiers which proposed amendments […]
Prime Minister Saad Hariri assured the Lebanese military of the government’s support after four Syrian nationals died while in their custody. The military have been under strong criticism but the Lebanese Prime Minister argued, “those criticizing the army are trying to create tensions between the military forces and Syrian refugees.” Military personnel raided the northeastern […]
