Cars

Morocco Teams up With IEA to Reach Its Energy Goals

Morocco, which joined the International Energy Agency as an Association Country in November 2016, has signed a three-year joint work program with the IEA to deepen bilateral cooperation in the areas of energy security, energy efficiency, renewable energy, capacity building and data and statistics. Under the program, tailored to Morocco’s specific needs as it transitions […]

Algeria: Italian car producer Iveco to start production in Algeria end of 2016

Italian car company Iveco in collaboration with Algerian Ival group will start producing cars in Algeria by end of 2016 according to Ival CEO who made the announcement on Tuesday. Ival CEO Mohamed Baïri was speaking on the sidelines of the signing of a protocol of agreement for the establishment of a joint Algeria-Italy industrial […]

Fitch Affirms Morocco’s BBB-Rating, with Stable Outlook

Fitch Ratings has affirmed Morocco’s long-term foreign-currency Issuer Default Rating (IDR) at ‘BBB-‘ with a stable outlook, praising the country’s macroeconomic stability, its comfortable external buffers and low share of foreign-currency debt in public debt. The credit rating agency projects Morocco’s deficit at 3.7 pc of GDP in 2019 and 3.5 pc in 2020, saying […]