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Morocco to Launch Gradual Dirham Float on January 15
The long awaited launch of the flexible exchange rate system for the Dirham currency will start on January 15 after it was postponed for 5 months. The gradual Dirham float will start with an anchor of 2.5% in-stead of 0.3% currently, while fixing the Dirham exchange rate via a peg that is 60 percent weighted […]
SKF opens magnetic bearing plant in Morocco to meet growing demand
Swedish SKF Company, world leader in most innovative bearings, seals & lubrication systems, has opened its new factory in Tangier, Northern Morocco. The production site will manufacture components for magnetic bearings and high-speed electric motors, enabling SKF to meet the increased demand for these solutions while strengthening the Group’s position as a global leader in […]
Yemen: Moroccan F-16 reported missing, no News of Pilot
A Moroccan F-16 jet taking part in the Saudi-led Arab coalition operation ‘Decisive Storm” has been reported missing and so far there were no news about the fate of the pilot. The Moroccan army announced Sunday in a statement that it has lost a fighter aircraft F-16 without specifying whether the pilot was hurt or […]



