On the eve of the Arab Summit to be hosted by Algiers, President Abdel Fattah El-Sisi has sent a strong message to the Algerian rulers reminding them of the need to preserve Arab Countries’ territorial integrity and stop dealing with armed militias, an allusion to the polisario that is supported, armed and financed by the […]
Morocco’s Central Bank announced that measures will be gradually taken to ensure a more flexible exchange rate of the Dirham amid promising macro-economic conditions marked by low oil prices and increasing demand on phosphates. The floating of the pegged dirham was encouraged by the IMF which sees in a more flexible exchange regime a move […]
OCP Group, the Moroccan phosphate giant, has completed a 5 billion dirham issue of perpetual subordinated bonds through a public offering fully subscribed by domestic institutional investors. The transaction reinforces the group’s economic equity and financial flexibility, and sits within its broader strategy of proactive capital management in support of its industrial transformation and sustainable […]
