conference on Global comapct on migration-rabat-25 march 2022

Algeria to Invest $ 70 Billion Shale Gas

Algerian state-owned company “Sonatrach” is planning to invest at least $70 billion over the next 20 years for the exploitation of shale gas in the Saharan region. The plan was disclosed by the company’s managing director Said Sahnoun who hopes his country would be able to produce 20 billion cubic meters per year from 200 […]

Morocco’s central bank kicks off instant inter-bank payments

Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]

Tourism Makes up 7% of Morocco’s GDP- Minister

Tourism contribution to Morocco’s GDP stood at 7% with a turnover of 115 billion dirhams in 2016, tourism and air traffic minister Mohamed Sajid said. Speaking at the weekly government meeting, the Minister said that the tourism sector is among the key drivers of employment in Morocco offering 2.5 million direct and indirect jobs. In […]