Coronavirus – Repatriated Moroccans from China

Exxon Mobil Taps into Mauritania’s Offshore Oil & Gas

Exxon Mobil and Mauritanian authorities have signed three production-sharing contracts for three deep-water exploration blocks. “These blocks further enhance ExxonMobil’s leading global deep-water acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company in a statement. “We thank the government of Mauritania for the opportunity to evaluate the potential of this acreage using our expertise […]

Credit Agricole to Open Morocco’s First Islamic Bank

Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]

Morocco Gets Approval for $25 Mln Loan For Hybrid Solar Project

Morocco has received approval for a $25 million loan from the Climate Investment Funds’ Clean Technology Fund (CIF CTF) for a project to generate solar power through an innovative hybrid Concentrated Solar Power (CSP) and Photovoltaic (PV) solution. he Midelt Phase I Concentrated Solar Power Project is being supported by the African Development Bank (AfDB) […]