Moroccn FM bourita & rdc presidential security advisor François Beya

Remittances by Moroccans abroad account for 20% of Morocco’s total forex reserves

Money sent home by Moroccans living abroad represented 20% of overall foreign exchange reserves held by Morocco, head of the government Saad Eddine El Othmani said. Despite the pandemic, remittances proved resilience and showed the values of solidarities held dear by Moroccans. Total remittances stood at 7.4 billion dirhams in 2020, up from 6.9 billion […]

New African Magazine lauds Royal Atlantic Sahel Initiative seeking regional stability & shared prosperity.

The Atlantic Initiative, launched by King Mohammed VI, will reshape the economic and geostrategic landscape of Africa. By providing maritime access to Sahel countries, Morocco is offering a regional and continental model for stability and shared prosperity, said the New African Magazine. The royal Atlantic Sahel project will enhance African economic integration by strengthening cooperation […]

Harbor Breakwaters: Casablanca & Dakhla Ports will use OHLA’s Cubipods

The innovative cubipods designed & engineered by the Spanish construction company OHLA will be used in the Moroccan ports of Casablanca and Dakhla. In a press release issued Wednesday, OHLA said it signed contracts for the use of its cubipods in two Moroccan ports. Cubipod is a precast element made of mass concrete used to […]