French Veolia to divest its stake in Morocco’s Lydec

French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]

Religious tolerance, a ‘hallmark’ of Morocco’s history (US State Department)

Religious tolerance is “a hallmark” of Morocco’s history, the US State Department points out in a new report. “Religious tolerance is a hallmark of Morocco’s history — from its welcoming of refugees fleeing the Iberian Peninsula at the end of the 15th century to late King Mohammed V’s efforts to protect Jews during World War […]

El Merk marks Algeria’s comeback in oil production

State-owned Sonatrach and Anadarko Petroleum Corporation have finally started production at the El Merk oil complex located in the Sahara desert of Algerian territory. The beginning of production at the $4,5 billion is a sign of relieve for the country’s hydrocarbon sector which was marred by a brutal hostage scenario at the beginning of the […]