Finance Headlines Morocco

Morocco: Attijariwafa Bank Eyes Takeover of Barclays’ Egypt Branch

Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]

Headlines Morocco

Moroccan Security Forces Crackdown on Smugglers on Mauritanian Borders

Morocco mobilizes its security forces along with customs services in a clampdown on smugglers in the southernmost tip of the country on the borders with Mauritania. A statement issued by Dakhla regional authorities said that the operation started on August 14 in Guerarat on the borders with Mauritania with the aim of clearing the region […]

Business Emerging Markets Features

Algeria, Morocco’s First Trading Partner in Africa

Algeria is Morocco’s first customer and supplier in Africa, despite the stalemate in political and diplomatic ties between the Maghreb’s two populous countries, which remain at loggerheads concerning a range of regional issues. A study issued by the OCP Policy Center, a policy oriented think tank based in Rabat, surprisingly showed that Algeria is Morocco’s […]

Energy Headlines Morocco

Morocco’s Phosphates Giant OCP to Open Subsidiaries in 13 African Countries

Morocco’s state-owned phosphates company, OCP, is planning to open subsidiaries in 13 African countries in line with the Kingdom’s strategy to boost economic ties and investments in the continent. As announced in the official gazette, the OCP’s board of directors approved the decision to establish 13 subsidiaries in the countries of Côte d’Ivoire, Senegal, Cameroun, […]

Headlines Morocco

More Countries Support Morocco’s Return to African Union

More countries have joined the group of 28 member states of the African union, which addressed last Monday a motion to the AU chair expressing support to Morocco’s return to its African family and demanding the suspension of the self-proclaimed Sahrawi Republic from the pan-African organization. In this vein, Egypt’s Ambassador in Rabat, Ihab Jamaleddine […]

Uncategorized

Twenty-Eight African Nations Contest SADR Membership in African Union

The days of the self-proclaimed SADR as a member of the African Union seem to be counted after 28 African countries called for suspending the membership of the Algerian-based republic from all the bodies and activities of the African Union. This came in a motion submitted by the 28 African nations to the President of […]

Africa International

US, Senegal Ink Defense Cooperation Deal

The American government and Senegal on Monday signed a cooperation agreement to ease the deployment of American troops to the West African nation to counter humanitarian crises, natural disasters or terrorist attacks. The accord will give US troops access to areas in Senegal, such as airports and military installations, in order to respond to security […]

Headlines Morocco

Côte d’Ivoire-Morocco: Trade Influx Reaches $200 million, Eagerness to do Better

Moroccan authorities are eager to scale up economic exchanges to their full potential with Côte d’Ivoire even though trade between the two partners has more than doubled over a short period of time. For Mohammed Abbou, Morocco’s Minister of Foreign Trade, Cote d’Ivoire and Morocco can do much better even though trade between the two […]

Africa International

Côte d’Ivoire: Morocco Helps Identify Grand Bassam Attacks Ringleader

Ivorian security authorities have been able to identify the mastermind of the March 13 terrorist attacks thanks to Morocco’s valuable contribution. Moroccan daily in Arabic Al Ahdath Al Maghribia reported in its Friday edition that Ivorian security authorities were able to identify Kounta Dallaha as the ringleader of the March 13 massacre which left 19 […]