David hale

Morocco can do without Algerian gas

Morocco has extended the period of consultation before choosing a winner for its tender to build LNG floating storage and regazification units as part of a push to bolster the share of gas in its energy mix. Gas so far represents 10% of electricity production in the country which set the goal of meeting 52% […]

Morocco: Three-member cell affiliated to Daesh dismantled in Tangier

Morocco’s Central Bureau of Judicial Investigations (BCIJ) announced this Monday it has dismantled a terrorist cell affiliated to “Daesh” organization that was operating in the city of Tangier. The cell members, aged between 31 and 40, were preparing to carry out dangerous terrorist projects aimed at undermining the security and stability of the Kingdom, according […]

Currency Reform, Morocco’s Path to Become North Africa’s Financial Hub

Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]