Moroccan economy

King Mohammed VI orders setting up of Mohammadia Foundation for Moroccans Residing Abroad

King Mohammed VI has ordered the setting up of the Mohammadia Foundation for Moroccans Residing Abroad that shall serve as the executive arm of Moroccan policy towards its nationals abroad, part of a large overhaul of institutions taking care of the Moroccan diaspora. This came in a royal speech marking the 49th anniversary of the […]

Spain to spend $4 billion on new combat vehicles, Defense News reports

Spain plans to acquire 348 “Piranha 5” 8×8 wheeled armored fighting vehicles from General Dynamics European Land Systems (GDELS) in a first phase of purchase, Secretary of State of Defense Vicente Conde told the national Congress, reported the independent Defense News on its website. The N°2 in the Spanish Defense Ministry added that the Spanish […]

Russian LNG Tanker Sinks in Mediterranean After Explosions, All Crew Rescued

A Russian liquefied natural gas tanker sank in the Mediterranean Sea on Tuesday evening after a series of explosions and a large fire, authorities in Libya said on Wednesday. The 277-metre vessel, Arctic Metagas, was carrying about 62,000 metric tonnes of liquefied natural gas when it went down roughly 130 nautical miles north of the […]