SADC

Morocco, Regional Hub of Lubricant Industry

Morocco has reinforced its production capacities of industrial lubricants, which are increasingly exported to the African market.   Speaking to le360 news portal from Accra, director of oil company, Afrique Petromin Internatoinal, Hicham Bouzoubaa said that Morocco offers massive investment opportunities for the development of the lubricant industry.   He said the kingdom is increasingly […]

Qatar bank seeks U.S. enforcement of $1bn arbitration award against South Sudan

Qatar National Bank (QNB) has petitioned a U.S. federal court to enforce a $1.02 billion arbitration award against South Sudan, stemming from an unpaid wartime loan originally intended to stabilize the fledgling nation’s economy. Filed in the U.S. District Court for the District of Columbia, QNB’s request asks the court to treat the International Centre […]

Morocco: Expatriates’ remittances exceed MAD 30.5 billion by end of April; FDIs increase by 5%

Remittances by Moroccan expatriates exceeded 30.56 billion dirhams at the end of April 2022, against MAD 29.03 billion a year earlier, according to the Office des Changes (exchange office). These transfers are up 5.3% or 1.52 billion dirhams, said the Office in its monthly bulletin of foreign trade indicators for April 2022. The Office also […]