US Chevron to make Morocco its lubricants export hub to Africa

US energy giant Chevron signed a deal with Morocco’s Akwa Group to make the Kingdom its lubricants manufacturing and exporting hub to Africa. An agreement was signed in that regard between Chevron and Akwa Group, bringing the share of Chevron from 25% to 50% of Akwa Group subsidiary Afriquia Lubrifiants. Under this deal, Chevron will […]

Informal sector represents 30% of Morocco’s GDP- Central Bank study

The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The informal economy leaves workers in vulnerability without pension or health insurance and undermines the economy due to tax and anti-competitive practices. In the MENA region the average part of the […]

ISIS-affiliated Moroccan arrested in Italy

Morocco’s General Directorate of Territorial Surveillance (DGST) arrested, Friday, in close coordination with the Italian security services in charge of terrorism cases, a Moroccan citizen who held positions of responsibility within the terrorist ISIS group, in its traditional strongholds in Syria and Iraqi, the DGST announced in a statement Saturday. Security coordination and exchange of […]