Business Europe Finance Headlines International Morocco

Morocco receives €1.3 billion in German financial support

Morocco has received €1.3 billion in German financial support which evidences the close cooperation ties between the two countries, Morocco’s foreign ministry said in a statement. The statement came after phone talks between Morocco’s foreign minister and  German  minister of economic cooperation and Development Gerd Muller. Out of that total of 1.387 billion euros, Germany […]

Europe Headlines International Libya

Four European countries warn against obstructing Libyan political dialogue

Four European countries, namely France, Germany, Italy, and the United Kingdom have warned against obstructing the Libyan political Dialogue. In a joint statement issued Monday, the four countries said they are “ready to take measures against those who obstruct the Libyan Political Dialogue Forum and other tracks of the Berlin process, as well as those […]

Egypt Headlines

Germany charges man for spying for Egypt

Germany’s Public Prosecutor General (GBA) Monday announced an Egypt-born German citizen, working for state-run federal government press office, has been charged with espionage for Egypt. The man identified as Amin A. in accordance with the German secrecy law, “used this position from at least July 2010 to support employees of the Egyptian General Intelligence Service […]

Europe Headlines International Morocco

Ports of Tanger Med & Hamburg agree to share experiences for better services

The managers of the ports of Tanger-Med (Morocco) and Hamburg (Germany) have agreed to share experiences in ports & vessels operations, digitalization, traffic management, ports cyber security, IT data exchange and Innovation. A cooperation agreement was signed remotely lately by Jens Meier, CEO of Hamburg Port Authority and Mehdi Tazi Riffi, managing director of Tanger […]

Business Emerging Markets Headlines Morocco

Ryanair Supports Morocco’s Tourism with Resumption of Flights

The Moroccan tourism, the hardest hit sector by the Covid-19 global pandemic, gets a precious boost from the low-cost carrier Ryanair which resumed on Oct.25 its operations in this North African country. The announcement was made by Mrs. Jason McGuinness, commercial director of the European airline. “We are pleased to support the Moroccan tourism sector […]

Business Europe Finance Headlines International Morocco

Germany’s KfW lends Morocco €30 mln for water projects

German development bank KfW offered a €30 million loan to Morocco’s water and electricity agency (ONEE) to finance water supply projects in rural areas. The new funds will be directed in particular to implement water supply projects in the northern regions of Tangier and Chefchaouen. Some 150 small villages and 112,000 people stand to benefit […]

Business Egypt Finance Headlines

Attijariwafa bank Egypt inks cooperation agreement with MoneyGram

Attijariwafa bank Egypt has entered into partnership with U.S-based MoneyGram International in view of supporting the Arab country’s financial inclusion policy, Arab Finance reports. The Moroccan bank in a statement said with the new partnership, MoneyGram’s clients worldwide will be able to transfer remittances to be received at any of its 65 branches in Egypt. […]

Europe Headlines International Libya Morocco

Germany to host Berlin II conference on Libya on October 5

Germany will host on October 5, Berlin II conference on Libya as follow-up on the first part held in January this year. Farhan Haq, deputy spokesman of the UN Secretary General has confirmed to the media that the UN and Germany are preparing the conference which will be held online. The conference, Haq added, will […]

Africa Europe Headlines International

Senegal: Suspected German terrorist arrested in Dakar

Senegal has arrested at Blaise Diagne international airport a German national wanted by his country and the Interpol for terrorism. Auerbacher Marius Falk, 30, was arrested at the airport on Sunday, September 13, as he was about to enter Senegal illegally, news portal Le360.ma reports. The German citizen, who is the subject of an international […]

Europe Finance Headlines International Maghreb Morocco

Germany extends Morocco loans, grants worth €701.3Mln

Germany will extend Morocco loans and grants worth €701.3Mln within the framework of financial and technical cooperation between the two countries. Three agreements related to the funding were signed Wednesday in Rabat by Minister of Economy and Finance Mohamed Benchaaboun, and Germany’s Ambassador to Morocco Götz Schmidt-Bremme. The agreements reflect the excellence of cooperation relations […]