Tuesday 1 September 2015
 
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Maroc

Air Arabia Maroc plans new Frankfurt-Marrakesh flights

Air Arabia Maroc, a joint venture between various Moroccan investors and Sharjah-based Air Arabia, plans to launch direct flights between Frankfurt (Germany) and Marrakesh (Morocco) starting from October. Known as the “Pearl of th

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Total's Moroccan unit to raise $75m in IPO

Total Maroc , owned by France's Total, plans to raise between MD612 million ($61.2 million) and MD720 million ($74.48 million) in an initial public share offer, Moroccan bourse watchdog CDVM said in a statement on Saturday. To

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Etisalat hails landmark year as profits hit $2.4bn

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year. Full year consolidat

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Etisalat inks $4.3bn multi-currency club deal

Etisalat, the leading telecommunications operator in the UAE, said it has signed a multi-currency club deal worth 3.15 billion euros ($4.35 billion) with a group of seventeen international, regional and local banks. The move is ai

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Etisalat lines up $8bn loan for Maroc stake bid

Abu Dhabi state-owned telecoms company Etisalat has lined up an $8 billion dual-tranche loan facility to finance its bid to acquire Vivendi's stake in Maroc Telecom, bankers working on the deal said. French media group Vivendi

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Qtel in loan talks for Maroc Tel bid

Qatar Telecom is talking to banks about a syndicated loan to back a bid for Vivendi's Maroc Telecom stake as bidders face the prospect of having to finance a bid for the whole company, bankers said. Morocco's government wa

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Saudi Paper scraps stake buy in Morocco firm

Saudi Paper Manufacturing Co said on Saturday it has dropped plans to acquire a 51-per cent stake in Marocco's Cellulose du Maroc, citing market conditions. "The variables of current and future mechanisms of the paper pulp market made it d

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EuroChambers calls for stronger relations

EuroChambers, the association of European chambers of commerce and industry, and EuroCham Maroc, the union of European chambers and industry in Morocco, have addressed a joint declaration to the political leaders of the European Union and Morocco.

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