moroccan Interior minister Abdelouafi Laftit

Egypt to Receive IMF Bailout

An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy has been hit badly by terror attacks and political unrests. The country has been suffering from severe foreign currency shortage since the beginning of the year. This was mainly because […]

Morocco-Mauritania: Businessmen Pushing for Stronger Economic Partnership

About one hundred Mauritanian companies took part Tuesday in Casablanca in the 2nd Moroccan-Mauritanian economic forum, a platform seeking to enhance dialogue and contacts between the business communities of the two countries. Organized by the General Confederation of Moroccan Enterprises (CGEM) and the National Union of Mauritanian Employers (UNPM), the forum was an opportunity for […]

Morocco’s Samir Refinery Receives $3bln Buyout Offer

A breakthrough may be near in the long-running crisis that forced Morocco’s sole oil refinery Samir into closure after the court-appointed manager of the refinery received a buyout offer totaling $3 billion, several media reports said. The trustee running the company Mohamed El-Krimi was reported in the media as saying that he expects more expressions […]