Bank Al Maghrib

Morocco spends 427 million euros annually on migration control

Morocco spends 427 million euros annually in fighting illegal migration, an amount that dwarfs the 500 million euros that the EU plans to offer Morocco in migration aid over five years, head of migration and border control at the interior ministry Khaled Zerouali said. In an interview with Spanish agency EFE, Zerouali said EU aid […]

Morocco celebrates precious diplomatic goals on Sahara issue

Morocco is celebrating a series of diplomatic victories on the Sahara issue, the latest of which is the US 2019 appropriation bill providing for extending the funds allocated to Morocco to the Sahara. The Polisario and its mentor Algeria have launched maneuvers aiming at undermining Morocco’s sovereignty over its southern provinces by using the economic […]

Morocco picks Mitsubishi advanced turbines for Al Wahda power plant

Morocco’s National Office of Electricity & Drinking Water (ONEE), has selected Mitsubishi Power and its M701JAC gas turbines for the Al Wahda open-cycle gas turbine (OCGT) power plant. The 990 MW Al Wahda project consists of two 495 MW open-cycle gas turbines (OCGT) using gas – and diesel as an emergency fuel – with the […]