Finance Headlines Morocco

Morocco Hosts Meeting on Green Finance in Africa

Moroccan city of Casablanca is hosting this October 12 an international conference to look into ways of creating “Green Banking Markets in Africa”, ahead of the 22nd UN conference on climate change due in Marrakech Nov.7-18. The Casablanca green finance event is organized by the European Bank for Reconstruction and Development (EBRD) and Banque Marocaine […]

Headlines Morocco

Moroccans Head to Polls to Pick their Representatives

Today, October 7, about 16 million Moroccans head to the polls to pick their parliament representatives in a ballot that will lead to the formation of a new government. Moroccan authorities have pledged to guarantee that these parliamentary elections would be transparent and credible to consolidate the democratic process and establish strong institutions. Ahead of […]

Energy Headlines Morocco

Morocco, Vanguard of Solar Revolution- CNBC says

Thanks to its largescale investments in renewable energy, Morocco is becoming a vanguard of solar revolution, US business channel CNBC said. “In North Africa, Morocco’s vast Noor Ouarzazate solar complex – one of the world’s largest – uses concentrated solar power (CSP) to produce clean energy,” said CNBC on its website. CNBC highlighted the efficiency […]

Headlines Tunisia

Tunisia: “Inmates Living Hellish Conditions”- Human Rights NGO

Tunisian authorities’ attention was drawn Thursday on the living conditions of inmates in the country’s prisons that the Euro-Mediterranean Human Rights Observatory likens to mediaeval era life. The NGO described inmates’ life unbearable as conditions fail to meet international standards due to increase in the number of the inmates. The number has increased two-fold, the […]

Headlines Libya

Libya: GNA Turns Down EU’s Proposal to Build Migrant Camp on Libyan Soil

Libya’s UN-backed unity government Thursday rejected the European Union call for the creation of a migrant camp in Libya in a move to curb and control floods of migrants trying perilous trips to join countries of the 28-member block. Since 2011, following the fall of Libyan ruler Muammar Gaddafi, Libyan coasts have been departure points […]

Headlines Morocco

French Court Finds Moroccan Boxer Guilty of Libel against King’s Private Secretary

A Moroccan boxer who claimed having been tortured in Morocco was found guilty of libel against the King’s private Secretary Mounir El Majidi. The Paris Tribunal de Grande Instance, which issued its ruling on Wednesday, fined the boxer Zakaria Moumni to €1,000 in damages for defamation. Zakaria Moumni, a confirmed liar, had filed a complaint […]

Headlines Morocco

Morocco Tops North African Countries in Sustainable Economic Development

Morocco has ranked first in North Africa and third in the continent in terms of sustainable economic development, said the London-based Mo Ibrahim Foundation. Sustainable economic development has enabled Morocco to improve its economic governance notes the 2016 Ibrahim Index of African Governance (IIAG) which rates 54 African nations against criteria such as security, human […]

Finance Headlines Morocco

Morocco’s Attijariwafa Bank Acquires Barclays’ Egypt Branch

Morocco’s Attijariwafa bank Group has officially taken over British Barclay’s Egypt branch, reports say. Attijariwafa bank Group, Morocco’s leading bank group, won the transaction after beating several global bank groups, among which Emirati NBD headquartered in Dubai. The transaction estimated at $400 million will enable the Moroccan financial institution to expand its already wide network […]

Headlines Libya

Libya: Terrorists-Launched Shells kill Several Civilians in Benghazi

Shells launched from a rebel-held position on a residential area in Benghazi on Tuesday killed several people, a military spokesman loyal to Khalifa Hafter told media. The shelling came from a terrorist-controlled position, according to Fadel al-Hassi, a spokesman for Dignity Operation, led by Marshal Khalifa Hafter. The shells hit two locations in Benghazi’s Sidi […]

Headlines Morocco

Morocco: Arrested Female IS Commando Planned Attacks on Election Day, BCIJ Boss

The all-female Islamic State group cell dismantled Monday was planning to stage attacks on October 7, during the legislative elections, head of the Central Bureau of Judicial Investigation (BCIJ), Abdelhak El Khayam told the media. The BCIJ, the judicial arm of the domestic intelligence service, saved the North African country from a carnage. “That operation […]