Morocco’s largest private electricity producer, Taqa Maroc, has launched a renewable energy subsidiary to take care of its solar projects, Moroccan media said. UAE firm Taqa Maroc is listed on the Casablanca stock exchange and has reported a first quarter revenue of 4.09 billion dirhams, up 53.9% from last year as coal prices drop. It […]
Morocco’s Royal Armed Forces (FAR) on Sunday foiled an international drug trafficking attempt, at the level of Oum Dreiga, along the defense line in the Moroccan Sahara. The trafficking attempt was foiled as part of the surveillance of Morocco’s borders and during the patrols conducted by the FAR along the defense line at the level […]
Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]
