Moroccan mining firm, Managem, announced, Tuesday, that it acquired the remaining 30% stake in the joint venture with West African-focused gold mining and exploration company Avocet Mining, for $21 million. In 2016, Managem acquired 40% of this project in partnership with Avocet Mining before increasing this share to 70% in 2018. With this […]
Morocco’s Central Bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% following its board meeting on Tuesday, December 19. The Bank said inflation was expected to reach 0.7 % on average at year end, down from 1.6 percent in 2016. The bank also revised down economic growth to 4.1% this year from […]
The international Exhibition and Museum of Al-Seerah al-Nabawiyya (life of the Prophet) and Islamic civilization in Rabat was inaugurated Thursday by Crown Prince Moulay El Hassan. The exhibition hosted by the Islamic World Educational, Scientific and Cultural Organization (ICESCO) in Rabat, is placed under the high patronage of King Mohammed VI. Crown Prince Moulay El […]
