Morocco’s Central Bank, Bank Al Maghrib, said it will launch the gradual float of the Dirham as of June in collaboration with the IMF to reach a flexible exchange rate system. In a statement to Reuters, Governor of Bank Al Maghrib, Abdellatif Jouahri, said that the first stage of Dirham liberalization will start in June, […]
Stakes owned by Vivendi SA in Maroc Telecom are being sold as part of debt reduction plan by the former. The sale is estimated to generate more than $5billion. Two potential investment banks have already been contacted by Vivendi but political policies might make a deal hard to come by, the source added. Vivendi accounts […]
Algeria has supplied Tunisia with weapons in the past as part of a security agreement between them but a source has claimed that the latest supply which took place on Thursday at a crossing point in the border town of Tebessa involved air-to-surface missiles. Although there has been no official statement about the security transactions […]
