Kuwait & Palestine flags

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 […]

Morocco plans to draw on IMF liquidity line – media

Morocco is about to tap into a $3 billion precautionary liquidity line, offered by the IMF in 2018 to help the country face external shocks, Moroccan media reported. The Moroccan government removed the limit on foreign debt on Monday in order to meet its financing needs amid a rise in expenditures and a drop in […]

Sound Energy considers selling operations in eastern Morocco

Sound Energy, the Moroccan focused upstream gas company, said a sale of the East Morocco operations would be a preferred option ahead of the final investment decision for the well TE-5 production area. The East Morocco operation comprises three areas – Tendrara, Greater Tendrara and the Anoual Permit. In August 2018, Sound Energy signed an […]