DRC consulate in Dakhla

ExxonMobile halts with Sonatrach due to protests

The limbo in Algerian politics is throwing its weight on the oil and gas industry in the country, which represents 95% of the North African country’s revenues. After reports of strikes in some oil and gas field, ExxonMobile halted talks with Algeria’s hydrocarbon giant Sonatrach as protests continue to simmer across the country, Reuters reported. […]

Morocco: Five Performance Contracts to promote automotive ecosystems

Part of its continuous efforts to promote the automotive sector, Morocco signed last week five performance contracts that will support the deployment of four ecosystems in the automotive sector, namely automotive wiring, automotive seating & Vehicule interior; metal / stamping; and automotive batteries. The contracts, signed on the sidelines of the 4th edition of “Automotive […]

France top investor in Morocco in 2023

France retained its position as the first source of foreign direct investments in Morocco in 2023 with 680 million dollars, compared with 380 million a year earlier, Morocco’s foreign exchange office said. French investments represented 61% of overall investments in Morocco last year, the office said in a report. The UAE came second with investments […]