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Category: Business
Egypt in talks with five financial institutions to finance Aswan-Toshka railway project
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European ... Read More
Morocco receives Chinese anti-aircraft defense system FD-2000B
The Royal Armed Forces (FAR) have received the first batch of the Chinese long-range anti-aircraft defense system with a Chinese FD-2000B battery, ordered in 2017, ... Read More
Fitch Rates Morocco ‘BB+’ with a Stable Outlook
Fitch Ratings has assigned Morocco's Long-Term Foreign-Currency Issuer Default Rating (IDR) 'BB+' rating with a stable outlook due to the country’s macroeconomic stability, low inflation, ... Read More
Morocco unrelenting in fighting smuggling from enclaves of Ceuta, Melilla
Morocco's crackdown on all sorts of smuggling and contraband originating from the enclaves of Ceuta and Melilla under Spanish occupation has helped the country gain ... Read More
Moroccan banks start to shake off Covid-19 impact
Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due ... Read More
Royal Air Maroc wins Award of Best Airline in Africa
Morocco’s flag carrier, Royal Air Maroc, has been voted the best airline in the African continent by the Global Traveler magazine following its 2021 GT ... Read More
Morocco Gets $450 Mln World Bank Loan for Modernization of Public Sector
The World Bank approved on Wednesday a $450 million loan for Morocco which is deploying sustained efforts to modernize its public sector through the implementation ... Read More
Alstom Invests €10.5 million in Morocco over two years
Alstom is investing €10.5 million in Morocco to build a new production line and develop capability in the country to manufacture on board transformers. It ... Read More
Moroccan institution recommends cutting informal jobs to 20%
Morocco’s economic, social and environmental council (CESE) put forward a set of recommendations to cut the share of informal employment in the job market to ... Read More
AfDB contributes to sustainability, security of drinking water supply in Morocco with €18 Mln financing
Morocco’s National Office of Electricity and Drinking Water (ONEE) and the African Development Bank (AfDB) signed an additional €18 million financing agreement to ensure the ... Read More