Business Europe Finance Headlines International Tunisia

EBRD Lends Attijari Bank Tunisia $1.6 million to Support Pharmaceutical Firm

The European Bank for Reconstruction and Development (EBRD) extends Attijari bank Tunisia a $1.6 million loan to enable pharmaceutical company Teriak enhance productivity and improve energy efficiency. The risk-sharing facility will help Teriak purchase new machinery & equipment and to undertake maintenance work at its Jebel Ouest facility. The funding will complement investment by the […]

Africa Headlines International Morocco

Gambia renews firm support for Moroccanness of Sahara

The Gambia has renewed its firm support to the Moroccanness of the Sahara and to the Morocco-proposed autonomy initiative. The reaffirmation was made by Gambian Minister of Foreign Affairs, Mamadou Tangara, following talks with his Moroccan peer Nasser Bourita in Rabat Tuesday. “I take this opportunity to reaffirm, without any ambiguity, the support of my […]

Europe Headlines International Morocco

Spanish Interior Minister: Relations with Morocco are of ‘absolute importance’

Relations between Spain and Morocco are “absolutely important and strategic,” said Tuesday, the Spanish Minister of Interior, Fernando Grande-Marlaska. “Relations with Morocco are absolutely important, relevant and strategic,” said Grande-Marlaska, who was guest to a program of Spain’s Antena 3 channel. “We are unfailingly fraternal neighbors. We have preserved, we preserve and we will continue […]

Headlines Maghreb Morocco

C24 in Saint Lucia: Resounding Support for Morocco’s Autonomy Plan

The Morocco-proposed autonomy plan was strongly supported as the only solution to the regional dispute over the Sahara during the regional seminar of the Committee of 24 (C24) of the United Nations for the Caribbean, held in Castries, Saint Lucia, this May 11 to 13. During this seminar, several countries representing the different regions of […]

Business Europe Headlines International Morocco

Morocco-Germany: Shared resolve to upgrade economic, financial Cooperation

Morocco and Germany have underlined the strength of their partnership and commended the quality and density of financial and technical cooperation between the two countries, while reaffirming their shared desire to strengthen cooperation in all areas of common interest. This came at a meeting held Monday in Rabat between Minister of Economy and Finance, Nadia […]

Headlines Morocco

Morocco to operate 20 desalination plants by 2030

Morocco plans the setting up of 20 desalination plants by 2030 to deal with water scarcity, water minister Nizar Baraka said. The decision will help free dam water for inner regions, he told a recent panel on water in Marrakech, adding that Morocco currently operates nine desalination plants. Morocco can build on the low cost […]

Headlines Libya

Libya: PM Fathi Bashagha enters Tripoli to start work

Fathi Bashagha, one of Libya’s rival two Prime Ministers, has arrived in capital Tripoli three months after his appointment by the country’s legislature amid resistance from his foe Abdulhamid Dbeibeh who has refused to cede power. The press office of the former Interior Minister said Bashagha arrived in the early hours of Tuesday, accompanied by […]

Business Community Finance Headlines Morocco

World Bank: Remittances to Morocco surge 40 % in 2021

Remittance flows to Morocco increased by 40 pc in 2021, reaching $10.4 billion, says the World Bank in its latest “Migration & Development Brief”. With such performance, Morocco becomes the second-largest recipient of remittances in the Middle-East and North Africa region. Indicators for early 2022 suggest a continuation of buoyancy in receipts, says the WB […]

Headlines Tunisia

Tunisia: Probe launched into gas explosion at Interior Minister’s residence

Tunisia’s Justice Ministry has commissioned an investigation into causes of a gas explosion at the house of Interior Minister Taoufik Charefeddine, Webdo Tunis reports. An explosion rocked the Minister’s house on Monday. The authorities blamed gas leak as cause of the blast. The explosion took place in the kitchen, the interior ministry said in a […]

Energy Headlines Morocco

UNIDO supports Morocco’s industrial decabonization transition

The UN Industrial Development Organization has pledged to support Morocco’s energy transition from fossil fuels to clean-renewable energy sources in an effort to reduce CO2 emissions, whilst remaining competitive in global market. The pledge was made by Director General of the United Nations Industrial Development Organization (UNIDO), Gerd Muller, who is paying this May 15-19 […]