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Morocco to Build 4 Major Dams by 2027 in Northern Region

Four major dams with a total storage capacity of 1.42 million cubic meters will be built by 2027 in Morocco’s Northern Tangier-Tetouan-Al Hoceima region. According to director of the Loukkos Hydraulic Basin Agency Abdelhamid Benabdelfadel, the four dams, which will push up the region’s national storage capacity by 26 pc, will be constructed within the […]

Al Baraka Group Sells its Stakes in BTI to Moroccan Bank of Africa

Bahrain’s Al Baraka Group (ABG), one of the major Islamic banking and financing institutions, announced on Monday that it is exiting from two of its subsidiaries, Bank Al-Tamweel Wa Al-Inma (BTI) in Morocco and Itqan Capital, an investment company in Saudi Arabia. Its 43.6 pc stake in BTI will be sold to Moroccan Bank of […]

Morocco, Slovenia agree to open embassies in Ljubljana and Rabat

Morocco and Slovenia agreed to strengthen their political and economic partnership and decided to open embassies in their respective capitals, Rabat and Ljubljana. The decision was made Tuesday in Rabat during talks between visiting Slovenian Foreign Minister Tanja Fajon and her Moroccan peer Nasser Bourita. “We welcome Slovenia’s decision to open an embassy in Rabat. […]