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Nigeria-Morocco Gas Pipeline: OPEC Fund to contribute $14.3 million to phase II of feasibility study

The OPEC Fund for International Development (OFID) will contribute $14.3 to the funding of the second phase of the Front-End Engineering Study (FEED) of the Nigeria-Morocco Gas Pipeline project. The legal documentation relating to the $14.3 million financing granted by the OPEC Fund to the National Office of Hydrocarbons and Mines (ONHYM) was signed Friday […]

Remittances from Moroccan expatriates resilient in 2020 but only 10% invested

Remittances from Moroccans living abroad rose 5% to stand at 68 billion dirhams (7.5 billion dollars) despite the pandemic, but finance minister said only 10% of these transfers were invested. Most of the investments of Moroccans abroad went to real estate, finance minister Mohamed Benchaaboun told Moroccan employers association (CGEM). A part from 15% that […]

Fisheries Agreement: MEP Stresses Need to Safeguard Strategic Partnership with Morocco

“The strategic partnership between the EU and Morocco, which started as early as 1960, should not be undermined by certain lobbying groups, willing to use the existing legal void to act against the Union’s best interests,” said Ilhan Kyuchyuk, member of the European Parliament’s Foreign Affairs committee. In an article in the European Parliament Magazine, […]