Morocco’s trade deficit shrank 6.5% as the country’s energy imports dropped 20%, Morocco’s foreign exchange office said. Energy imports stood at 69 billion dirhams, offsetting a drop in phosphates and fertilizers exports by 40% to 40.8 billion dirhams, due to lower prices. State-owned phosphates and fertilizers producer said a few days ago its sales were […]
Morocco’s leading telecom operator, Maroc Telecom, will acquire six African subsidiaries of its new majority shareholder UAE Etisalat for $ 650 million. By acquiring Itisalat branches in Benin, Côte d’Ivoire, Gabon, Niger, Central African Republic and Togo, the Moroccan operator will expand its activities in the continent and become a genuine telecom “hub” in French-speaking […]
Security raids in several cities of the Kingdom led to the arrest of 11 Jihadists suspected for plotting terrorist attacks on the New Year, security services told media on Monday. The 11 suspects among students, unemployed, vendors, local manufacturers were arrested in the cities of Fes, Moulay Yacoub, Sefrou, Taounate and Missour on Monday. Moroccan […]
