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Industry Minister reassures car making plants will stay in Morocco

Car manufacturers are interested to maintain operations in Morocco where production costs are one of the most competitive globally, Industry Minister Moulay Hafid El Alamy said. Speaking to MPs, he denounced as baseless the claims that France will call back its car production plants because of the crisis caused by Covid-19. Thanks to Morocco’s competitiveness, […]

Saudi-led consortium seals deal with Egypt on $1.5bn in 1.1 MW wind project

A consortium led by the Saudi-listed water desalination company ACWA Power has signed a usufruct agreement to invest $1.5 billion in a 1.1 MW wind project in Egypt, a statement by the Egyptian cabinet announced Thursday. The agreement was signed between Egypt’s New and Renewable Energy Development and Utilization Authority and the consortium including the […]

Rabat and Moscow Discuss Bilateral Ties and Upcoming Russia-Africa Summit

The Moroccan-Russian relations and the 2023 Russia-Africa Summit due in St. Petersburg July 27-29 were at the center of talks held Wednesday in Moscow between Moroccan ambassador to Russia Lotfi Bouchaara and deputy foreign minister Mikhail Bogdanov. The two parties also discussed bilateral political dialogue on regional issues of common concern, said the Russian foreign […]