Morocco’s oil and gas imports stood at 29.394 billion dirhams by July 2016 compared to 41.947 billion dirhams the same period last year, which is a significant 30% drop, Morocco’s exchange office said in its latest statistics. Yet, despite the drop in oil prices, Morocco’s commercial deficit deepened 7.5% as imports continue to exceed exports. […]
Local farmers in the Souss region are financially contributing to the building of the world’s biggest water desalination plant whose water will help irrigate the plains of Chtouka. The farmers are contributing €1000 (10,000 dh) per each hectare in an unprecedented success story of the public-private partnership in Morocco, local media reported. The contributions will […]
Tunisia’s flagship carrier, Tunisair, announced drastic measures to address financial difficulties including the laying off of 1200 employees, transport minister Hichem Ben Ahmed said. The company, which operates 30 airplanes, has also reviewed its African expansion plans to mitigate the crisis it is facing. Tunisair currently employs 200 staff per aircraft and plans to reduce […]
