Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]

Arab League Lauds Efforts of Morocco’s King, Chairman of Al-Quds Committee, for Al-Quds Asharif

The Arab Ministerial Committee for International Action against Illegal Israeli Policies & Measures in Occupied Al-Quds, has commended the projects carried out by Bayt Mal Al-Quds Acharif Agency, executive arm of Al Quds Committee, chaired by King Mohammed VI, in support of Maqdessis and their resistance. In a resolution adopted Tuesday in Cairo, the Arab […]

Morocco selects 6 green hydrogen projects worth $32 bln

The Moroccan government said it has selected 6 projects led by 5 national and international firms to launch green hydrogen projects in the southern provinces, the Sahara, to produce ammonia, fuel, and steel, as part of its offer to investors. The companies that were selected by the “Morocco Offer” committee are: – The ORNX consortium […]