Moroccan Jamal Eddine El Aloua becomes chairman of ICESCO Executive Council

World Bank: $350 Mln loan to support blue economy

The World Bank has agreed to provide Morocco a $350 million loan to support its Blue Economy program which will help create job opportunities, support economic growth and enhance food security. Morocco’s Blue Economy program aims to improve the integrated management of natural resources, and strengthen selected sectors for a climate-resilient blue economy in targeted […]

Spain’s far-right Vox party urges rise in military spending to keep pace with Morocco

Spanish far-right Vox party urged an increase of military spending by 2% to be able to stay at pace with Morocco. In a memorandum to the Spanish congress, the fourth largest political party in Spain said bolstering the defense budget would help Spain keep up with the increasing armament of Morocco, which it described as […]

Chariot raises $15 Million in funds for a new onshore gas drilling in Morocco

Chariot, a London-listed, Africa-focused energy company, announced on Tuesday it has raised $15 million (£11.7 million) for its onshore drilling operation in Morocco. The company said the funds were raised through the placement and subscription of 89.6 million shares at an issue price of 14 pence per share, according to a statement from Chariot posted […]