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Morocco: King Sacks Minister of Economy & Finance
King Mohammed VI has sacked Minister of Economy and Finance Mohammed Boussaid. In accordance with the provisions of Article 47 of the Constitution, King Mohammed VI, after consulting the Head of Government, has decided to dismiss Mr. Mohammed Boussaid, as Minister of Economy and Finance, a statement from the Royal Office said Wednesday. The royal […]
E-payment leader in Egypt to launch new digital bank by end of 2023
Fawry, Egypt’s leading E-payment solutions provider, will turn its online payment portal “myFawry” into a digital bank in 2023, the country’s stock exchange market indicated Sunday August 13, in a statement. The future bank will provide a variety of financial services, including payments, consumer lending, savings, and investments, the online payment firm indicated. Downloads of […]
Morocco, Spain’s largest electricity supplier
Morocco topped the list of electricity suppliers to Spain in 2018 with 2088GW per hour, Spanish institute Red Eléctrica de España said. The institute said that 76% of electricity trade flows on the border were taken by Morocco while the remaining 24% by Spain. Morocco and Spain will further boost their electric connectivity with a […]



