gas exploration

Central Bank cuts interest rate to boost economic activity amid drought, coronavirus fears

The Central Bank cut its benchmark interest rate to 2% to boost economic activity, which, like elsewhere in the world, is expected to reel under the impact of the coronavirus outbreak. Drought has complicated the outlook for Morocco, which expected a contraction of agricultural output plunging growth to 2.3%, according to the central bank. The […]

Marrakech Conference adopts by acclamation Morocco-U.S. Joint Declaration of Proliferation Security Initiative on WMDs

The Political Conference of the Proliferation Security Initiative (PSI) on Weapons of Mass Destruction (WMDs) dedicated to African countries, held in Marrakech from January 31 to February 2, adopted by acclamation the Morocco-United States Joint Declaration entitled “Marrakech Declaration.” The Declaration embraces an action plan under the co-chairmanship of Morocco and the United States, centered […]

US companies eager to participate in Libya’s reconstruction

US companies expressed their eagerness to take part in Libya’s reconstruction including infrastructure and economy. This came during a virtual meeting Tuesday between the American Chamber of Commerce in Libya (AmCham Libya), the US envoy to the North African country Richard Norland, and American companies. Participants in the meeting exchanged views regarding the evolving political […]