Tunisia’s Prime Minister-designate Youssef Chahed speaks during a news conference after his meeting with Tunisia’s President Beji Caid Essebsi in Tunis

Bank Al-Maghrib Expected to Hold Key Rate Steady Amid Middle East Uncertainty

Morocco’s central bank is widely expected to maintain its benchmark interest rate at 2.25% when its policy council convenes on March 17, in what would mark the fourth consecutive pause in the current monetary cycle. Despite domestic macroeconomic conditions that would ordinarily justify further easing, geopolitical turbulence stemming from the Middle East conflict has prompted […]

Morocco thwarts migrants’ mass storming of Ceuta enclave

  Moroccan authorities foiled an illegal migration attempt by nearly 150 sub-Saharan migrants in an area near the Spanish-occupied enclave of Ceuta.   At least 70 migrants were arrested in the operation which left 14 security forces and 6 migrants injured, the interior ministry said in a statement.   The crossing attempt was violent with […]

Predator Oil & Gas Gets 8-Year License for Exploration in Morocco

The Jersey-based company Predator Oil & Gas said on Monday it received an eight-year permit for hydrocarbon exploration and appraisal onshore northern Morocco. The exclusive license includes an initial 30-months exploration phase covering an area stretching 7,269 square km, to the east of producing gas fields and northwest of Sound Energy PLC’s Tendrara gas project. […]