Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]
Few days after announcing a €10.8 billion (115.4 billion MAD) national plan to meet Morocco’s increasing water needs over the next seven year, King Mohammed VI inaugurated a dam near Essaouira worth about €87 million (920 million dirhams). Built on Oued Ksoub, Moulay Abderrahmane dam, with a 65 million m3 capacity, will secure drinking water […]
Morocco and Germany are about to settle the issue of the nearly 3,000 undocumented Moroccan migrants, some of whom claiming refugee status on groundless basis. The issue was discussed on Wednesday during a phone conversation between King Mohammed VI and German Chancellor Angela Merkel. During their phone talk, the two leaders hailed the positive development […]
