North Africa Post
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Asia Energy Europe Headlines International Morocco

Oil exploration: Qatar Petroleum gains foothold in the Tarfaya offshore area

North Africa Post

Qatar Petroleum has joined the Italian oil company ENI and Morocco’s Office for Hydrocarbons and Mining ONHYM to explore for oil and gas off Tarfaya. ENI and Qatar Petroleum have signed an agreement on Wednesday allowing the Qatari company to acquire a 30% stake in the offshore concession of Tarfaya, including 12 blocks of exploration […]
Headlines Morocco

Moroccan Boxer Suffers Third Defeat in Libel Case against King’s Private Secretary

North Africa Post

For the third time in a year, French justice has condemned the self-proclaimed kick boxing champion Zakaria Moumni for defamation against the Moroccan king’s private secretary, Mounir El Majidi. Last Wednesday (July 5), the 17th Civil Chamber of the Paris High Court sentenced Zakaria Moumni for defamation in the lawsuit brought against him by Mounir […]
Emerging Markets Finance Headlines Morocco

Moroccan government to inject additional $1.4 bln in 2025 budget

North Africa Post

The Moroccan government is seeking parliament approval to inject an additional 13 billion dirhams, or 1.4 billion dollars, in the 2025 budget to support key state institutions, including water and electricity utility ONEE. Speaking to members of parliament, minister in charge of the budget Fouzi Lekjaa said the additional funds were needed to help ONEE […]