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Keywords: Funding


Failed Funding Derails Major Moroccan Mining Acquisition

Atlas Metals Group has announced the termination of its planned acquisition of Compagnie Minière de Oumejrane (CMO), a Moroccan mining subsidiary owned by Managem. The cancellation comes after the company failed to secure the necessary funding of MAD 183 million from institutional investors within......

Sweden Shifts Gaza Aid Strategy: Suspends UNRWA Support in Favor of Alternative Relief Channels

Sweden has announced a significant change in its humanitarian aid approach to Gaza, deciding to discontinue funding to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) while increasing overall assistance through other organizations. The decision comes amid mounting......

Support for Cinematic Projects in 2024 A Boost for Moroccan Cinema

In December 2024, the Commission for the Support of Cinematic Productions announced its selection of 77 projects that will receive financial backing for the upcoming year. The commission, which convened for its third session from December 9 to 17, evaluated both completed and pre-production films for......

EU Commissioner Visits Morocco, Pledges Support for Earthquake Recovery

European Commissioner for Neighborhood and Enlargement, Oliver Varhelyi, arrived in Morocco on Monday for a pivotal visit aimed at strengthening bilateral ties and advancing key development initiatives. Varhelyi’s mission is underscored by a €190 million funding agreement signed with Morocco’s......

Morocco and EU Partner to Advance Earthquake Recovery with €190 Million Investment

Morocco and the European Union (EU) have signed a €190 million (approximately 2 billion MAD) financing agreement aimed at accelerating the recovery of areas devastated by the 2023 Al Haouz earthquake. The deal, formalized in Rabat by Morocco’s Minister Delegate for the Budget, Fouzi Lekjaa,......

United States Donald Trump Escalates Discussions on Ukraine Conflict

Since his victory in the U.S. presidential election, Donald Trump has ramped up his discussions on the war in Ukraine. The Washington Post even reported a conversation between Trump and Russian President Vladimir Putin just two days after the election. Citing anonymous sources, the paper revealed that......

Drought Devastates Amazon Basin: Over 420,000 Children in Crisis

The Amazon basin is facing an unprecedented drought that has severely impacted more than 420,000 children across Brazil, Colombia, and Peru, according to a report from UNICEF. This alarming situation has resulted in "dangerous levels" of water scarcity, disrupting essential services and threatening......

UK Government Unveils £75 Million Initiative to Combat Human Trafficking Networks

In a significant move to address the escalating issue of human trafficking, Prime Minister Sir Keir Starmer has announced an additional £75 million investment aimed at dismantling people-smuggling operations. This funding announcement coincides with the Interpol General Assembly, taking place in......

Rachel Reeves Sets the Stage for Economic Transformation

In a pivotal moment for the UK, Chancellor Rachel Reeves is poised to unveil a Budget that promises significant tax increases, substantial borrowing, and ambitious spending initiatives. This Budget is not just a financial statement; it is a declaration of intent that aims to reshape the political landscape......

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