Category: Business

Fathi Bashagha’s administration approves $20-bn draft budget

May 9, 2022

The cabinet of Fathi Bashagha; one of Libya’s current two Prime Ministers, has approved a draft budget of nearly 95 billion Libyan dinars ($20 billion) ... Read More

Morocco seeking Israeli cruise missiles to enhance further its defense capability

May 6, 2022

Morocco is seeking to purchase Israeli cruise missiles “Delilah” to enhance further its multi-layered defense capabilities, according to specialized “Defensa” magazine. The North African Kingdom ... Read More

Morocco’s competition council delivers its first sanction against Swiss Sika Ag

May 6, 2022

Morocco’s competition council fined Switzerland’s Sika Ag for its non-compliance with local competition law, the first sanction delivered by the regulator since its creation. Sika ... Read More

Morocco: Construction works of a new 1,000-bed capacity hospital launched by King Mohammed VI

May 5, 2022

King Mohammed VI on Thursday launched, in Rabat, the construction works of the new Ibn Sina University Hospital Center, a futuristic project that will strengthen ... Read More

Morocco: Phosphates exports soared in Q1 to $2.4 billion

May 5, 2022

Morocco’s exports of phosphates and derivatives doubled in the first quarter of 2022 reaching $2.4 billion against $1.3 billion reported same period last year. According ... Read More

Brazil seeks more Moroccan fertilizers

May 4, 2022

Brazil’s Agriculture Minister Marcos Montes is expected in Morocco this week to seek more fertilizers for his country after a halt of Russian exports, Reuters ... Read More

Morocco, one of quickest responders to Covid-19 Crisis – IMF

May 4, 2022

Morocco is among the countries that reacted the fastest to the Covid-19 crisis, said Jihad Azour, Director of the Middle East and Central Asia Department ... Read More

Morocco to raise minimum wage, social benefits for all workers

May 1, 2022

The Moroccan government, the federation of employers CGEM and main labor unions agreed to raise the minimum wage of workers in the public and private ... Read More

Nigeria-Morocco Gas Pipeline: OPEC Fund to contribute $14.3 million to phase II of feasibility study

April 30, 2022

The OPEC Fund for International Development (OFID) will contribute $14.3 to the funding of the second phase of the Front-End Engineering Study (FEED) of the ... Read More

Morocco’s investment potential presented to Swiss economic operators

April 29, 2022

Morocco's potential in terms of investment attractiveness and its positioning as a hub towards Africa were under the spotlight during a meeting organized recently at ... Read More