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Morocco offers attractive incentives for oil, gas exploration- Forbes

Morocco offers an attractive business climate and numerous incentives to investors in the oil and gas prospection, said Forbes. The US magazine described Morocco as a “North African economic powerhouse” that has a promising oil and gas industry. The article zooms on the efforts undertaken by the Hydrocarbons and mines office (ONHYM) in terms of […]

India’s Defense Company MKU Considering Investing in Morocco after Success of Tata Advanced Systems

Indian defense company MKU, a global leader in advanced ballistic protection and optronic systems, is considering setting up a plant in Morocco, building on the success-story of Tata Advanced Systems which is producing in the Kingdom armoured combat vehicle WhAP 8×8 for the Moroccan Royal army. According to India’s diplomatic mission in Rabat, MKU’s entry […]

Euro hits record high on Algeria’s black market amid currency crisis

The euro surged to a new historic high on Algeria’s black market in November, trading at up to 27,450 dinars for a 100-euro note, marking a deepening pressure on the informal currency exchange system. Buyers are offering between 27,050 and 27,150 dinars, widening the gap between buying and selling rates, Algerian outlet Maghreb Emergent reported. […]