Moroccan parliament to abolish retirement pensions for MPs

Parliament speaker and heads of parliamentary groups agreed to scrap the pension system for MPs, which is on the verge of bankruptcy and has been a hot topic in the media. MPs retirement fund has been suffering from chronic deficit since 2017 that led to a halt in pension payments. Moroccan MPS receive 35,000 dirhams […]

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 […]

Moroccan Exporters Team up with German ADMINEX for Better Access to International Markets

Moroccan exporters’ Association (ASMEX) has inked lately a cooperation agreement with German ADMINEX group to enhance their presence in international markets. The deal, which was signed in Casablanca by Hassan Sentissi el Idrissi, chairman of ASMEX and Marc Ambrock, ADMINEX representative, gives Moroccan exporters direct access to the German export expertise and high-value international markets […]