Morocco’s automotive industry exports up 16% in 2021

Morocco’s car industry sales rose 16% to stand at 84 billion dirhams, or $9 billion, contributing largely together with phosphates and agri-food products to a significant rise in exports. Morocco is home to two plants of French carmakers PSA and Renault as well as car part suppliers. Last year’s car exports outperformed pre-pandemic levels posted […]

Coronavirus: Morocco backs Saudi Arabia’s Umrah suspension measure

Morocco has expressed backing to Saudia Arabia’s temporary ban on Umrah pilgrims from a number of countries, describing the measure as “judicious and responsible” in view of the threats posed by the novel coronavirus (COVID-19). Morocco considers the measures adopted by Saudi Arabia to curb the spread of the coronavirus epidemic as “judicious and responsible”, […]

Oil Supply to Continue to Outstrip Demand in First Half of 2017- IEA Says

The global oil glut that has taken a toll on the budgets of many oil producing nations will persist into 2017, as oil supply is expected to continue outstripping demand, the International Energy Agency said in a recent report. The report argues that oil markets will take “a while longer” to rebalance in light of […]