First Independent Mena Newspaper
Sound Energy has confirmed that it has made a significant gas discovery in Tendrara, North Eastern Morocco. Sound Energy, which is a member of London’s junior market, said in a statement that the discovery took place in the first Tendrara Well TE-6 drilled to a measured vertical depth of 2,665 meters. The gas discovery was […]
Russia is set to expand its share in the arms markets by increasing sales to the North African states of Morocco and Tunisia besides its largest client in the region, Algeria, at a regional context marked by a surge of terrorist activities. “Military cooperation between Russia and Muslim countries, especially in North Africa, is building up. Morocco, […]
Algeria is Morocco’s first customer and supplier in Africa, despite the stalemate in political and diplomatic ties between the Maghreb’s two populous countries, which remain at loggerheads concerning a range of regional issues. A study issued by the OCP Policy Center, a policy oriented think tank based in Rabat, surprisingly showed that Algeria is Morocco’s […]
The Moroccan parliament officially passed a law that changed the name of the Moroccan Agency for Solar Energy (MASEN) into the Moroccan Agency for Sustainable Energy and tasked it with the development of solar, wind and hydraulic energies along with any other source of renewable energies. The law is in line with Morocco’s commitment to […]
Danish manufacturer, Vestas, has confirmed an order to supply turbines to the 120MW khalladi wind farm in northern Morocco. The Danish wind energy giant announced that it had signed a firm and unconditional order with ACWA Power for 40 of its V90-3.0 MW wind turbines. The contract comprises the supply of the turbines and a […]
“Strengthening the competitiveness of Morocco’s economic fabric hinges on breaking away with the French model that is detrimental to economic development,” said trade and industry minister Moulay Hafid El Alamy who was speaking at a conference in his capacity as a businessman. The French mode has failed. It hinders entrepreneurship and favors employment by the […]
Japanese giant Asahi Glass Co. (AGC) has reached an agreement with Induver Holding to set up a joint venture in Morocco specialized in car glass manufacturing. The joint venture is expected to start production in 2019. It will produce laminated glass and tempered glass. It is AGC Group’s first operation in North Africa. The Japanese […]
An Italian judge ordered Italian oil major Eni, oil services group Saipem and former Eni CEO Paolo Scaroni to stand trial in a long-running case of alleged bribery in Algeria “In relation to court proceeding for the alleged bribery case relating to Saipem’s activities in Algeria, Eni acknowledges that the new GUP (judge for the […]
Indonesian daily, The Jakarta Post, wrote on Sunday about the promising prospects for the development of economic ties between Indonesia and Morocco, which the paper described as a “regional power in North Africa.” Morocco is a “promising market as well as a gateway to both African and European countries for Indonesian products and investment, as […]
Morocco will send its engineers to be trained in Brazil in a bid to boost its attractiveness to foreign investments by strengthening its skilled workforce. An agreement was signed in this regards between Mohammed VI International Academy for Civil Aviation and Brazil’s aerospace conglomerate Embraer. Under the agreement, Morocco will send aeronautical engineers to gain […]