IFC

Morocco’s King Urges IsDB Group to bolster Private Sector, Engine of Growth

King Mohammed VI has urged the Islamic Development Bank to help its member countries to diversify their economies and stimulate the private sector, a growth engine and a source for the creation of wealth. In a message to the 44th annual meeting of IDB Group, convening in Marrakech (April 5-6), the Moroccan Sovereign said most […]

Mauritania: massive arrests in connection with corruption scandal at state-run energy company

The Mauritanian police have nabbed a senior official of a state-run energy company and a businessman, both accused by a Senegal company for demanding commissions for a contract awarded to the latter firm, reports say. Businessman, Mohamed Ould Bouchiba, and the technical director of the Mauritanian Gas Company, Mohamedou Pal, had been arrested for questioning […]

Morocco: Marrakech to host E-Prix race in place of unstable Hong Kong

The city of Marrakech will play host February next year for a Formula E race, previously planned to take place in Hong Kong, as the Chinese city has been rocked by months-long anti-Beijing protest. A council meeting of the FIA World Motor Sports held in Germany late last week chose the Moroccan city to replace […]