Angela Merkel to Visit Morocco in 2017

German iron woman and Chancellor Angela Merkel would visit Morocco next year at the invitation of King Mohammed VI. The announcement came Thursday in a statement by the Royal Office, which stated that “Chancellor Angela Merkel accepted the sovereign’s invitation to pay an official visit to Morocco early 2017.” King Mohammed VI and the German […]

Alstom to build 2nd rail plant in Morocco

French Alstom group will invest over $16 million on a second rail plant in Morocco which is developing its rail industrial ecosystem with its local expertise to meet its mobility and transportation needs. The 2nd plant will make driving cabs for regional and underground railway trains, said Alstom in a press release issued Thursday. In […]

Closure of Morocco’s Samir Refinery Propels BP to Pay $68 Million to Abu Dhabi Bank

The London High Court ruled that the British Energy company, BP, pays $68.9 million to the National Bank of Abu Dhabi (NBAD) in a case originating from the sudden closure of Morocco’s Samir refinery in 2015. BP “sold a cargo of crude to Samir in August 2014 which was not paid for and NBAD took […]