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Morocco

In Focus
Mohammed VI to recapitalise his Al Mada holding company with funds from farmers' mutual insurance group

Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past.

LogoSubscribers only Business 01.06.2020
King Mohammed VI of Morocco.

Finance Minister Mohamed Benchaâboun snubs Richard Attias's virtual summit

Prominent events planner Richard Attias, once a perennial leading light in his native Morocco, is struggling to revive his top-level connections there. According to our sources, Finance Minister Mohamed Benchaâboun has not even replied to an invitation to take part in a 19 May virtual round table organised by his firm, Richard Attias & Associates.

LogoSubscribers only Diplomacy 18.05.2020

RNI favourite, Southbridge A&I, snatches new contract with tourism ministry

Hassan Belkhayat's consultancy Southbridge A&I, which had been keeping a low profile since the 2017 Southbridge affair, has won a 1.8m dirham contract to overhaul the Maison de l'Artisan. With trouble brewing in the RNI party, the award of a government contract to those close to the ruling party could cause further turmoil.

LogoSubscribers only Business 06.05.2020

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