State-owned Sonatrach and Anadarko Petroleum Corporation have finally started production at the El Merk oil complex located in the Sahara desert of Algerian territory. The beginning of production at the $4,5 billion is a sign of relieve for the country’s hydrocarbon sector which was marred by a brutal hostage scenario at the beginning of the […]
Increased imports and falling receipts from tourism and remittances by Moroccans living abroad have widened the trade deficit to 40.2 million dirhams, that is 36% rise compared to the same period last year. The trade deficit stood at 29 million dirhams the same period last year, the Moroccan foreign exchange regulator said in its latest […]
Morocco has reiterated its steadfast support to the Palestinian cause, condemned the provocative & offensive burning of the Quran in Sweden and Denmark, and called for the promotion of religious tolerance and coexistence. The Moroccan standing was voiced by Foreign Minister Nasser Bourita in a speech read out on his behalf by Fouad Akhrif, Director […]
