sea currents energy

Moroccan government to inject additional $1.4 bln in 2025 budget

The Moroccan government is seeking parliament approval to inject an additional 13 billion dirhams, or 1.4 billion dollars, in the 2025 budget to support key state institutions, including water and electricity utility ONEE. Speaking to members of parliament, minister in charge of the budget Fouzi Lekjaa said the additional funds were needed to help ONEE […]

Morocco’s subsidies spending spikes to $1 bln so far this year

Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed.   This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]

CMT Posts Record First-Quarter Revenue on Silver Price Surge

Compagnie Minière de Touissit (CMT) recorded consolidated revenue of 342 million dirhams in the first quarter of 2026, a rise of 102.4 percent compared with the same period a year earlier. The performance was driven primarily by a sharp increase in concentrate sales, up 40 percent, in a market environment characterized by exceptionally favorable international […]