Morocco USA Counterterrorism cooperation

Libya: Rival governments battling for Es Sider and Ras Lanuf

Fighting for the control of eastern oil ports have broken out after Fajr Libya launched an operation to “liberate oilfields and terminals.” Last week, President Al Thinni of the Tobruk government said means are being developed to ensure that the payment of oil exportations to accounts that are not under their control be stopped. Fighting […]

Fitch Solutions Expects Morocco to Hold Interest Rate at 2.25% in 2019

Morocco’s central bank, Bank Al-Maghrib (BAM) will hold its key policy rate at 2.25 pc in 2019 due to subdued inflation and a neutral shift in US Fed policy, says Fitch Solutions in its latest report on the North African Kingdom. In a bid to protect foreign exchange reserves and limit imported inflation, BAM will […]

Morocco-Spain undersea tunnel project deemed technically feasible despite €8.5 billion cost

A 160-year dream has moved closer to reality as feasibility studies conclude that an undersea tunnel connecting Morocco and Spain beneath the Gibraltar Strait is technically achievable, despite its massive complexity and estimated €8.5 billion price tag. German engineering firm Herrenknecht, a global leader in tunnel boring machine manufacturing, conducted the decisive study commissioned by […]