Finance Headlines Maghreb Morocco

Moroccan Banks: Profits hit MAD 3.4 billion in 2019 first quarter

At the end of the first quarter of 2019, Morocco’s banking sector posted a 6% increase in profits compared to last year, with 3.4 billion dirhams (MAP). The first three months of the year 2019 were favorable for the banking sector, states local daily, l’Economist, in its Monday issue. Overall income of the banking sector […]

Business Europe Headlines International Maghreb Morocco

Morocco Leads Non-European Vegetable Exporters to Spain

Morocco consolidated its position as Spain’s leading fresh fruit and vegetable supplier in the first quarter of 2019, with exports amounting to €264 million in the first quarter of 2019. Imports of fruit and vegetables from Morocco were up 4% compared to the same period of 2018, the Spanish Federation of Producers’ Associations for Fruit, […]

Headlines Maghreb Morocco

First Morocco Motorcycle Rally Kicks off in Dakhla, Arrives in Laayoune

Participants in the first edition of “Morocco Motorcycle Tour” (MMT), organized by “Dada’s Bike” club in partnership with the Moroccan Union of Motorcycles Tourism & Leisure (UMMTL), arrived Saturday in the city of Laayoune, the second leg of this rally raid. Several bikers, members of various national motorsport clubs, are taking part in this event, […]

Americas Headlines International Libya Maghreb

Libya: US officials debunk White House invitation to Hafter

Some high profile US politicians have brushed aside reports that President Donald Trump had extended eastern Libyan military commander Khalifa Haftar an invitation to visit the White House, saying the news of the alleged visit are fake, Libya Express reports. Libya Express last week, citing anonymous sources loyal to Haftar, reported that the military commander […]

Headlines Libya Maghreb Tunisia

Tunisia: Army foils intrusion attempt by armed group from Libya

The Tunisian army has thwarted an attempt by an armed group from Libya to sneak onto Tunisia. A security source from Ben Guerdane, southern Tunisia, near the Libyan border told local radio Mosaïque FM that the army repelled the attempt. The source did not identify the armed group but said the two sides traded gun […]

Egypt Energy Headlines

German Siemens eyes €2 billion investment in mega wind farm project in Egypt

German independent power producer Siemens Gamesa is in talk with Egyptian authorities to inject €2 billion in a large wind power project in the East of the country.   According to officials, the mega wind project would generate 2 GW of electricity under a BOO (build, own and operate) contract, a form of public-private partnership […]

Headlines Tunisia

Germany: Tunisian couple face 15 years in prison for planning biological attack

A Tunisia couple in trial for planning a biological attack in Germany face up to 15 years in prison, if found guilty. A court in Germany started on Friday the trial of the couple, Seifallah H. (husband) aged 30 and his wife Yasmine H., 43, a Germany woman who converted to Islam, AFP reports. The […]

Africa Energy Headlines International

Kenya:Kenya: Unilever Kenya goes green

Unilever Kenya, a subsidiary of Unilever, an Anglo-Dutch conglomerate has recently commissioned a 619 kWp solar park in the East African nation to supply electricity to its tea leaf processing plant. The mini-grid project was conducted by CrossBoundary Energy, an investment fund specializing in the financing of off-grid projects for companies. The solar park was […]

Headlines Maghreb Tunisia

Tunisia to join UN Security Council

Tunisia was among the five countries that will join the UN Security council as non-permanent members for a two-year term starting in January. The North African country was elected along with Estonia, Niger, Saint Vincent and the Grenadines to the 15-nation body responsible for maintaining international peace and security. Tunisian Foreign Minister Khemaies Jhinaoui said […]

Europe Headlines International Maghreb Morocco

Spain, Portugal turn back to Morocco in 2030 World Cup Bid

Spain and Portugal issued a statement announcing that they will both start preparations to submit a joint bid to host the 2030 World Cup without citing Morocco, which was promised last year a tripartite bid. “After multiple meets in recent weeks, the Spanish and Portuguese football associations confirm that they have started a deep analytical […]