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Morocco Most Competitive Tourist Destination in North Africa, WEF Report

The World Economic Forum issued the 2017 Travel and Tourism Competitiveness Index placing Morocco on top of North African countries, third in the continent and 65th in the globe. Morocco came ahead of Tunisia (87th) and Egypt (74th) while Algeria (136th) took the very last position in the report, which offers an in-depth analysis of […]

Converting Debt to Shares, a Possible Scenario to Save Morocco’s Sole refinery

Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]

Libya: 6,500 Migrants Rescued in Single Day off Libyan Coast

Italian coastguard Monday indicated that they saved around 6,500 migrants off the Libyan coast in forty operations making Monday the busiest day for rescuers. The migrants according to Italian authorities left the Libyan town of Sabratha. The Italian coastguards, humanitarian NGOs Proactiva Open Arms and Médecins Sans Frontières and EU’s border agency Frontex took part […]