North Africa Post
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Headlines International Morocco

Russia approves nuclear cooperation agreement with Morocco

North Africa Post

The government of the Russian Federation has just approved a cooperation agreement between Moscow and Rabat in the field of the use of atomic energy for peaceful purposes. The ordinance enacting this decision was signed by Russian Prime Minister, Mikhail Michoustine, on Wednesday, reported the Russian news agency Tass. The agreement, providing for cooperation between […]
Egypt Energy Headlines

Egypt seeks to get $1.5bn loans before 2016

North Africa Post

Egypt is seeking to get $1.5 billion loans from the World Bank and the African Development Bank as fears increase that the Egyptian pound would be devalued if the dwindling foreign currency reserves go below $15 billion. The country has been struggling since 2011 to stabilize its economy and finances shaken by the protests that […]
Finance Headlines Morocco

IDB Funding for Morocco Amounts to $6.8 bln by 2017

North Africa Post

Morocco ranks as the sixth largest recipient of the Islamic Development Bank funding with total loans amounting to $6.8 billion said Economic and Finance Minister Mohamed Boussaid. Speaking at the opening of the 43rd annual meeting of the group, Boussaid said the bank offered $2.9 billion to fund development projects in areas covering energy, transport, […]