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Morocco’s Macroeconomic Conditions Propitious for Dirham Float

Morocco’s Central Bank announced that measures will be gradually taken to ensure a more flexible exchange rate of the Dirham amid promising macro-economic conditions marked by low oil prices and increasing demand on phosphates. The floating of the pegged dirham was encouraged by the IMF which sees in a more flexible exchange regime a move […]

Chariot, Vivo Energy team up in Morocco gas-to-industry project

Chariot, a UK company that found gas offshore northern Morocco, and fuel distributor Vivo Energy agreed to work together to distribute natural gas to industrial customers in Morocco. “This agreement confirms the priority given by Chariot to the Moroccan energy market, expands upon our other existing sales negotiations around future offtakes for the gas from […]

Rabat Decries Republishing of Cartoons Offensive to Islam & Prophet

Morocco has condemned the republication of outrageous and provocative cartoons offensive to Islam and Prophet Sidna Mohammed, affirming that freedom of expression cannot justify such acts insulting the Muslim religion, which has more than two billion followers across the world. In a press release issued Sunday, the foreign ministry of Morocco says it “condemns all […]