Moroccan carrier’s CEO criticizes Boeing delays while negotiating $25 billion fleet expansion

CEO of Royal Air Maroc Hamid Addou has publicly criticized Boeing for chronic delivery delays even as the carrier is negotiating a massive 74-aircraft order, highlighting tensions in the airline’s ambitious expansion plans worth $25 billion through 2037. In an interview with CNN, Addou expressed frustration over Boeing’s delivery performance, with some orders running 15-18 […]

Sound Energy Plans Plant & Pipeline to Tap into Eastern Morocco Gas

UK company, Sound Energy, is planning a gas plant and pipeline to commercialize gas it discovered in eastern Morocco. The Moroccan focused upstream gas company said in a statement it signed a “heads of terms with a consortium comprising Enagas, Elecnor and Fomento for the front end engineering and design (“FEED”) and conditional construction and […]

Moody’s hails resilience of Moroccan economy, maintains Morocco’s Ba1 rating

The American rating agency Moody’s confirmed, during its periodic review in March, the Ba1 rating assigned to Morocco, with a stable outlook. This decision highlights the Kingdom’s ability to maintain its macroeconomic stability despite ongoing challenges, such as slowed economic growth and increasing public debt, writes the magazine Challenge. In its report, Moody’s emphasizes the […]