Will Algeria abandon its investment unfriendly legislation?

Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]

Morocco approves appointment of Staffan de Mistura as UN Personal Envoy for Sahara

The United Nations Secretary-General, António Guterres, began, on Tuesday, consultations with members of the Security Council, in order to appoint Italian-Swedish diplomat Staffan de Mistura as his Personal Envoy for the Moroccan Sahara, MAP correspondent in New York learned from diplomatic sources. The information was confirmed to MAP by Morocco’s Permanent Representative to the UN […]

Hydrocarbon: ExxoMobil’s ESSO gets two offshore reconnaissance contracts in Morocco

Esso Exploration International Ltd., a subsidiary of U.S. ExxonMobil Corp., signed on Tuesday in Rabat two reconnaissance contracts with Morocco’s National Office of Hydrocarbons (ONHYM). These reconnaissance contracts cover the areas of Safi-Essaouira Offshore and Agadir-Ifni Offshore. The areas are located offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. The signing of these […]