Sahara: Socialist International Backs Peaceful & Lasting Political Solution

The Council of the Socialist International has voiced backing to the UN-brokered efforts seeking to reach “a peaceful, pragmatic and mutually acceptable political solution” to the Sahara issue. In a resolution adopted at the end of its meeting held Jan. 28-29 in Santo Domingo (Dominican Republic), the Council of SI expressed support to the UN […]

Moroccan SOMAGEC group builds oil terminal in Djibouti

Part of the Moroccan private sector’ s increasing investments in the Horn of Africa, the group SOMAGEC is contributing to the building of an oil terminal in Djibouti.   The Moroccan public works and civil engineering company is providing its expertise to Djibouti, which launched on Thursday the construction works of the new oil jetty, […]

Morocco to boost its foreign exchange reserves with $650 mln from IMF

Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]