wind-energy

Morocco’s development model is based on renewable energies

Many years before the outbreak of the Covid-19 pandemic, Morocco has adopted an inclusive development model based on renewable energies and a sustainable vision, said Chief of the Moroccan Agency for Solar Energy (MASEN), Mustapha Bakkoury. In an Op-Ed published by “the Parliament Magazine”, Bakkoury said despite Morocco’s swift and exceptional management of the pandemic, […]

Fitch Ratings underscores Morocco’s macroeconomic stability, external liquidity buffers

Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]

Isolated Algeria deepens Arab divisions

The Arab summit in Algiers has been shunned by influential Arab leaders and monarchs as Algeria sought in vain to impose its own agenda. The rulers of Morocco, Saudi Arabia, the UAE, Kuwait, Oman, Jordan and the president of Lebanon are among the main leaders who preferred to skip this summit. The Emir of Qatar […]