Laâyoune

Morocco to boost its foreign exchange reserves with $650 mln from IMF

Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]

King Mohammed VI Draws up Diagnosis of Obstacles to Morocco’s Social Development

In a frank tone, King Mohammed VI delivered a speech on the occasion of the eighteenth anniversary of Throne Day drawing up the main obstacles to Morocco’s human and social development model and the factors hindering the full achievement of social justice and the rule of law in the country.     Underperforming civil service […]

London-based Perenco to invest $1bn in LNG production unit in Gabon

Independent Perenco has announced the investment of $1 billion for construction of a Liquefied Natural Gas unit in Gabon. The company-based in London said it presented the plan for the unit to the Minister of Oil and Gas, and the subsequent technical approval by the Gabonese authorities in December 2022. The unit will be located […]