Algeria’s gas and oil company, Sonatrach, announced Sunday that Iranian authorities had freed its oil tanker one hour 15 minutes after it was forced Friday to enter Iranian territorial waters. The tanker, MESDAR, of 2,000,000-capacity, sailing in the Strait of Hormuz was asked by Iranian coastguard to enter territorial waters, on Friday. Sonatrach in a […]
BMCE Bank of Africa, the third largest bank in Morocco, said it will be called Bank of Africa as of next September, an appellation that underscores the African ambition of the group. The new name was unveiled by BMCE CEO Othman Benjelloun who said that the Bank aspires to develop its business including in the […]
With a landslide victory, Nizar Baraka was elected new Secretary General of the Istiqlal Party, succeeding his archrival Hamid Chabat. Nizar Baraka, current head of the Economic and Social Council and former Finance Minister, won the elections by 924 votes against 234 for his rival Hamid Chabat during the 17th ordinary meeting of the oldest […]
