Elliot Abrams

UAE Developer unveils luxury complex in Rabat, its largest project in Africa

Abu Dhabi-based urban developer IMKAN has unveiled a luxury complex in Rabat: Le Carousel. This project, IMKAN’s largest in Africa is a mixed-use complex located on the Rabat Corniche and will be completed in about 5 years. Just about 15 minutes from downtown and the motorway, this project covers about 10.5 hectares of which 50% […]

Morocco: Cannabis production accounting for 23% of country’s GDP, US State Department claims

The US State Department has sounded the alarm over production of cannabis in Morocco claiming that the export of the drug and its processed by-products represents 23 per cent of the country’s Gross Domestic Product (GDP). The kingdom, according to the State Department, remains one of the world largest producers and exporters of cannabis. Around […]

Morocco reports positive 2023 budget execution despite challenges

Morocco’s 2023 budget execution delivered positive results despite complex international and domestic challenges, Budget Minister Fouzi Lekjaa told Parliament’s Public Finance Control Committee Tuesday while presenting settlement law project 07.25. The global economy showed resilience with inflation declining to 6.6% from 8.6% in 2022, though growth slowed to 3.3% due to persistent crises and escalating […]