Moroccan tourism authority inks deal with Israeli airline Israir to promote Morocco destination

Morocco’s tourism authority, ONMT, has signed a deal with Israeli private carrier Israir to promote the kingdom destination as both countries boost ties. ONMT in a statement issued on Tuesday indicated the deal, signed by ONMT Director Adel El Fakir, and owner of Israeli airline Rami Levi, will enable Israir to operate two weekly flights […]

Morocco’s central bank maintains key rate at 2.75%

Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]

Significant Gas Discovery in Morocco’s Offshore

Chariot energy company announced this Monday a major gas discovery offshore northern Moroccan city of Larache, following appraisal and exploration drillings carried out at the Anchois-2 well within the Lixus licence. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which holds a […]