libya-sharara field

Morocco, Switzerland to cooperate in rail infrastructure

Morocco and Switzerland signed an agreement to cooperate on transport infrastructure as the North African country prepares to extend the-high-speed-train link south of Casablanca. The agreement was signed by Moroccan transport minister, Abelkader Amara, and his Swiss counterpart, Simonetta Sommaruga, Friday in Switzerland. The Swiss minister expressed her country’s willingness to help Morocco with its […]

Remittances from Moroccan expatriates resilient in 2020 but only 10% invested

Remittances from Moroccans living abroad rose 5% to stand at 68 billion dirhams (7.5 billion dollars) despite the pandemic, but finance minister said only 10% of these transfers were invested. Most of the investments of Moroccans abroad went to real estate, finance minister Mohamed Benchaaboun told Moroccan employers association (CGEM). A part from 15% that […]

Turkey promises massive investments in Libya

Turkish President Recep Tayyip Erdogan promised to bolster his country’s economic cooperation with Libya through massive investments from Turkish companies to contribute to the North African country’s reconstruction. “In Libya, we must now focus on reconstruction, on development and on the well-being of our Libyan brothers,” President Erdogan said Monday during a joint press conference […]