Morocco busts 2 drug smuggling attempts, arrests human traffickers

Moroccan authorities announced on Monday the seizure of nearly three tons of cannabis in two separate anti-drug operations carried out in the cities of Agadir (southern Atlantic coast) and Nador (North eastern region). In Agadir, two people, aged 37 and 39, were arrested by the local security agents at a road checkpoint .They were on […]

Moroccan 2016 economic growth weakens amid drought

Moroccan government on Monday cut its economic growth forecast for this year to less than 2 percent from 3 percent, as the North African kingdom experiences its worst drought in three decades. Morocco’s economy grew 4.7 percent year-on-year in the fourth quarter of 2015, up from 2.2 percent in the similar 2014 period thanks to […]

Oil exploration: UK Genel Company signs association deal with Morocco

British company Genel Energy announced a petroleum agreement and association contract sealed with the Office National des Hydrocarbures et des Mines (ONHYM) for offshore exploration in Lagzira block in Morocco. The deal sets out an eight-year exploration term consisting of three phases. The Lagzira block (formerly Sidi Moussa) is a large offshore license that hosts […]