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Moody’s confirms improvement of Morocco’s financial outlook to stable

Credit rating agency Moody’s affirmed Morocco’s outlook to stable from negative while it maintained its long-term issuer at BA1. Moody’s noted the recovery of Morocco’s real GDP to levels backed by solid crisis management capacities by the government during the pandemic, the agency said in a statement. “The improved governance track record underpins Moody’s expectation […]

UN Envoy Meets Human Rights Activists in Sahara

UN Secretary General’s Personal Envoy for the Sahara, Horst Kohler, who paid a visit to the Sahara met with members of the regional commissions for human rights (CRDH) in Laayoune who briefed him on their work and the human rights conditions in the region. President of the CRDH in Laayoune said the meeting with Kohler […]

UAE: $25 billion investment to reach 3.5m bpd by 2017-2018  

Qasem Al-Kayoumi, manager of ADNOC’s offshore division of the exploration and production directorate has revealed that Abu Dhabi has a $25 billion investment plan for the next five years in order to boost the oil production capacity of its offshore fields.  The United Arab Emirates (UAE) produces around 2.8 million barrels of crude oil per […]