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Morocco: Central Bank, Exchange Office warn of dangers of crypto-currency

Morocco’s central bank, Bank Al Maghrib (BAM), has again warned against the risks of crypto-currency, which remains illegal in the country. Despite previous warnings regarding the risks associated with the use of virtual currencies such as Bitcoin, it has been established that some physical and moral persons continue to use this type of operation, said […]

Hydrocarbon: ExxoMobil’s ESSO gets two offshore reconnaissance contracts in Morocco

Esso Exploration International Ltd., a subsidiary of U.S. ExxonMobil Corp., signed on Tuesday in Rabat two reconnaissance contracts with Morocco’s National Office of Hydrocarbons (ONHYM). These reconnaissance contracts cover the areas of Safi-Essaouira Offshore and Agadir-Ifni Offshore. The areas are located offshore the cities of Safi, Essaouira, Agadir and Sidi Ifni. The signing of these […]

U17-AFCON: Morocco takes on Senegal in the final

Morocco will face off Senegal in the U17 Africa Cup of Nations (AFCON) final set for May 19 at the Nelson-Mandela stadium in Algiers. The final game will be the most thrilling in the tournament. The Atlas Cubs made it to the final after beating two-time champion Mali 6-5 on penalties following a goalless draw. […]