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Keywords: Assets
Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......
In a significant move, European Union envoys have reached an agreement to provide Ukraine with up to €35 billion (approximately $38 billion) as part of a broader financial package aimed at supporting the nation amidst ongoing conflict. This loan, which is backed by immobilized assets from the Russian......
In a groundbreaking financial maneuver, the European Union has transferred €1.5 billion to Ukraine, marking the first instance of utilizing frozen Russian assets to support the embattled nation. This innovative approach taps into the estimated €210 billion of immobilized Russian Central Bank......
London-based Energean PLC divests Egyptian, Italian, and Croatian portfolios in a $945 million deal, aiming to sharpen its focus on Moroccan assets. In a strategic move poised to reshape its global footprint, Energean PLC, headquartered in London, has announced the sale of its portfolios in Egypt, Italy,......
SDX Energy, a London-based energy firm, has taken a significant step towards strengthening its presence in Morocco with the receipt of a substantial cash infusion from the sale of its Egyptian assets. An initial $3.5 million from the sale of its West Gharib assets in Egypt has provided a financial boost,......
The dirham, Morocco's official currency, has experienced a noticeable decline against the euro, drawing the attention of financial analysts and market watchers. According to a recent report from Morocco's central bank, the dirham's exchange rate fell by 0.46 percent against the euro from......
Chariot Ltd, a leading Africa-focused energy company specializing in transitional power solutions, has announced a strategic evaluation of its Transitional Power division. This decision aligns with the company's reorientation towards its natural gas development assets in Morocco, with a primary objective......
Morocco's Court of Auditors has initiated the biennial declaration of assets renewal process for locally elected officials and members of professional chambers, marking a significant step towards transparency and accountability in governance. The mandatory disclosure process commenced on February......
