La Banque européenne pour la reconstruction et le développement (BERD) injecte 25 millions de dollars dans le groupe marocain Dislog, afin de renforcer sa structure de capital et d'appuyer sa stratégie de fusions et acquisitions. Ce financement s'inscrit dans le cadre d'une augmentation de capital plus vaste, impliquant SPE Capital, IFC, Sanam Holding, Sanlam et H&S Invest Holding. L'objectif est de refinancer les récentes acquisitions et de réduire
The European Bank for Reconstruction and Development (EBRD) is investing $25 million in Morocco’s Dislog Group to bolster its capital structure and support its mergers and acquisitions strategy. The equity injection is part of a broader capital increase involving SPE Capital, IFC, Sanam Holding, Sanlam, and H&S Invest Holding, aimed at refinancing recent acquisitions and reducing the group’s debt ahead of its planned Initial Public Offering (IPO), says a Friday press release by
TUI has officially launched its first direct flight from Newcastle International Airport, UK, to Agadir, Morocco. Operating twice weekly, the new route took off this week, the company announced on Wednesday. «Morocco offers a perfect blend of exotic culture, beautiful beaches, and year-round sunshine — all now just a direct flight away for our customers in the North East», said Chris Logan, Commercial Director at TUI UK. «It’s great to see TUI commence their new
The Popular Movement (MP) group in the House of Representatives has submitted a proposal to include blood type information on the electronic national identity card (CNIE). The initiative seeks to amend and supplement Articles 4 and 5 of Law 04.20 governing the CNIE, with the opposition party’s deputies framing it as a way to promote blood donation and facilitate emergency medical care. The proposal, presented by MPs Brahim Abba, Zineb Amahroq, Aziza Boujrida, and Nabil Eddakhch, is
The Israeli government approved an agreement with Morocco on maritime transport last Wednesday, according to an official statement. The agreement, signed in Rabat on May 29, 2023, aims to regulate and promote maritime transport between the two countries based on principles of free and fair competition, freedom of navigation, and mutual cooperation. It covers various aspects of maritime transport, including safety, port access, taxation, dispute resolution, fees, and tariffs. It also provides
The Spanish Civil Guard has announced the dismantling of a criminal organization involved in international drug trafficking. The network was active in the provinces of Almería and Granada in Andalusia and operated in coordination with supply networks in Morocco, with the capacity to transport large quantities of hashish and cocaine. The operation was carried out jointly by the judicial police units in Catalonia and Almeria, leading to the arrest of five individuals. According to the
The international campaign to list the Polisario as a terrorist organization and the accusations of complicity with terrorist movements made by Sahel countries are raising concerns in Algeria. Since yesterday, the eastern neighbor has been hosting a forum titled «Geopolitics of Terrorism in the Shadow of New Global Changes». The opening session was attended by General Said Chengriha, Chief of Staff of the Army and Deputy Minister of Defense. In his speech, the general, dressed in
On Thursday, the Criminal Chamber of the Court of Appeal in Rabat sentenced Moroccan YouTuber Hicham Jerando, who resides in Canada, to 15 years in prison in absentia. He was convicted of «forming a terrorist group with the intent to plot and commit terrorist acts, as part of a collective project aimed at severely undermining public order through intimidation, threats, violence, and inciting others to commit terrorist acts». This sentence follows a complaint filed against Jerando
Praia, the capital of Cape Verde, is hosting the 5th Ministerial Meeting of the Atlantic African States Process (PEAA) this Thursday, May 8. This Moroccan initiative, launched in August 2010, aims to strengthen cooperation among Atlantic African nations. In his address to participants, Moroccan Foreign Minister Nasser Bourita emphasized that the Atlantic African partnership is not only a strategic tool but also a political, economic, and human endeavor. «Our duty is to make it a
The Pakistani Ambassador recently revealed in an interview with a Moroccan media outlet that his country’s position on the Sahara issue is currently «under review». Without going into detail, he stated, «We recognize the development and prosperity Morocco has achieved in the Sahara, and any solution accepted by all parties, under the auspices of the United Nations, will also be acceptable to us». For context, former Pakistani Ambassador to Rabat, Asghar Khan,
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