KHIAME

Morocco: MPs adopt bill legalizing use of cannabis for therapeutic purposes

The House of Representatives adopted, on Wednesday the bill legalizing the use of cannabis for medical purposes. The text on “the legal uses of cannabis, medical, cosmetic and industrial”, was adopted by the House of Representatives with 119 votes for and 48 against. The deputies of the Justice and Development Party (PJD), at the head […]

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Texas-based Apache Corporation contemplates investing $1.4 billion in Egypt in 2024

Texas-based Apache Corporation will inject additional $1.4 billion into the Egyptian oil sector, the company’s CEO John Christman told Egyptian Prime Minister Mustafa Madbouly on Sunday August 20. Apache Corporation is the USA’s largest investor in the North African country oil sector. The company according to Egyptian authorities, is poised to pump more investments and […]