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Morocco’s trade deficit widens 15.5% despite strong tourism and investment growth

Morocco’s trade deficit reached 225.29 billion dirhams through August 2025, increasing 15.5% compared to the corresponding 2024 period, according to Foreign Exchange Office data. This widening gap results from import growth outpacing export expansion despite positive performance in other economic sectors. Imports surged 8.4% to 533.42 billion dirhams while exports grew more moderately at 3.8%, […]

Tunisia Renews Sfax Offshore Exploration Permit Awarded to Eurogas

Tunisia has approved the renewal for an additional three year period of the Sfax offshore exploration permit awarded to Eurogas International Inc. and its joint venture partner, Atlas Worldwide Exploration Ltd (“APEX”). Under this first renewal period that will extend from December 9, 2012 to December 8, 2015, the exploration corporation will have to drill […]

Mauritania’s President woos European investors for green hydrogen projects

Mauritania’s President Mohamed Ould Cheikh El Ghazoauni boasted the North African country’s green hydrogen potential and called on European investors attending the European Union – African Union summit at the Global Gateway Forum to seize opportunities. “Our country, the Islamic Republic of Mauritania, with its enormous renewable energy potential (estimated at 4,000 GW, of which […]