First Independent Mena Newspaper
Director of the International Monetary Fund Christine Lagarde lauded Morocco for the efforts it undertook to restructure its economy. In an interview with weekly magazine, Jeune Afrique, Lagarde said Morocco is leading successful restructuring of its economy without depending on oil or agricultural commodities. She recalled that the credibility of Morocco’s reform earned it an […]
Qatar Petroleum (QP) said it will lead exploration projects of oil and gas in Morocco and Cyprus as it seeks to compensate for sluggish growth at home by expanding its liquefied natural gas (LNG) assets abroad. “You will see us going internationally with some of the partners we have in Qatar, this year and next […]
US magazine Newsweek highlighted that Morocco’s readmission to the African Union offers an opportunity to further boost trade with African countries. The magazine notes that on the economic front Morocco’s return to the AU will enable it to “benefit from intra-African trade regions to the same extent as other countries.” Membership in the continental bloc […]
King Mohammed VI started Wednesday an official visit to South Sudan, first of its kind in this African country, which gained independence from Sudan in 2011. This historic visit, which reflects Morocco’s attachment to South-South cooperation based on solidarity, mutual respect and win-win partnership, was marked by private talks held in Juba between the Moroccan […]
The sector of renewable energy could enable Morocco to create up to half a million jobs by 2040, according to a report issued by Mediterranean Forum of Institute of Economic Sciences. Most of these jobs are expected to be created from the Noor-Ouarzazate solar complex, which will host a number of projects based on different […]
Ottawa’s Ambassador to Rabat Nathalie Dubé said that the North African kingdom offers a platform and a gateway to Canadian investments and exports towards the rest of Africa. In a letter sent to the Moroccan chamber of commerce in Canada, Dubé praised diplomatic ties with Rabat and called on Canadian businessmen to grab the investment […]
Sound Energy has stricken a deal to acquire all of Oil & Gas Investment Fund’s (OGIF) assets in Eastern Morocco – that includes 20% Tendrara, 75% of the Meridja project and a 75% stake in acreage close to Tendrara. Sound Energy will thus acquire the OGIF’s hydrocarbon assets in eastern Morocco in exchange for 272m […]
Managers of Morocco’s Renault factories in Tangier and Casablanca voiced satisfaction at the steady growth of their exports, which target 73 destinations. CEO of Renault’s Morocco group, Mark Nassef said in a press conference that the French car manufacturer exported 303.892 cars made in Morocco in 2016 compared to 256.537 cars in 2015. He noted […]
Moroccan and Ghanaian businessmen reviewed on Monday in Accra ways of boosting further investment and strengthening partnership in various sectors. The gathering was an opportunity for the Moroccan delegation to highlight the business and investment trends in the North African Kingdom known for its political stability, tolerance, open economy, sustained economic growth with inflation and […]
Italy’s Enel Green Power (EGP) said it launched a green bond totalling $1.2 billion to fund its green projects, notably the 850MW wind energy projects in Morocco, local media said. The Italian energy giant said in a statement that the green bond would help fund renewable energy projects covering the development, construction and repowering of […]