Europe Finance Headlines International Maghreb Morocco

Moroccans spent $44 million on Schengen visa fees in 2018

More and more middle class Moroccans apply for Schengen visas mostly to spend their holidays in the EU much to the benefit of Schengen countries consulates in the north African country that amassed $44 million (420 million dirhams) in 2018. Total money spent on failed visa applications stood at 77 million dirhams as Schengen countries […]

Africa Headlines International Maghreb Morocco

Comoros Islands Opens Consulate General in Laayoune, another Hard Blow to Polisario

The Union of the Comoros opened on Wednesday a Consulate General in Morocco’s southern city of Laayoune, dealing a hard blow to the Polisario separatist group, supported by Algeria. The diplomatic representation was opened during an official ceremony attended by Foreign Minister Nasser Bourita, his Comorian peer Mohamed El-Amine Soue and several senior personalities. Last […]

Europe Headlines International Maghreb Morocco

Morocco Renews Commitment to Protect, Assist Refugees

Morocco, a pioneer in international humanitarian action, reaffirmed Wednesday in Geneva its commitment to continue its contribution to collective efforts aimed at protecting and assisting refugees and helping people affected by war, violence and natural disasters and its willingness to further strengthen its partnership with the High Commission for Refugees (UNHCR). This noble humanitarian action, […]

Headlines Maghreb Morocco

ISESCO Includes Rabat in List of Islamic World Heritage

Morocco’s capital city, Rabat, has been added to the list of the Islamic world heritage during the 11th Islamic conference of Culture Ministers convened in Tunis Dec.17-18 by the Islamic Educational, Scientific and Cultural Organization (ISESCO). It is a recognition of the historic and civilizational status, which Rabat boasts under the leadership of King Mohammed […]

Asia Business Headlines International Maghreb Morocco

Belt & Road initiative at heart of Arab-Chinese cooperation

Relations between China and Arab countries have been fostered after the launch of the Belt and Road initiative paving the way for more Chinese investments in the region. The remark was made by Chinese and Arab diplomats and officials attending the 8th Conference on Arab-Chinese Relations and Dialogue between Arab and Chinese Civilizations for the […]

Business Headlines Maghreb Morocco

Morocco’s economic growth to pick up in 2020 after 2.6% in 2019- Central Bank

Morocco’s economic growth is expected to fall to 2.6% in 2019 after lower rainfall affected crops, the central bank said, noting that growth would increase to 3.5% in 2020. The central bank, known as Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% while promising to carry out action to promote entrepreneurship. Holding […]

Headlines Maghreb Morocco

Polisario prepares another violation of UN-brokered ceasefire in Sahara again

Few weeks after being rebuked in a UN Secretary General’s report for obstructing the functioning of the UN mission in the Sahara, the Polisario prepares for yet another blatant violation of the ceasefire agreement east of the berm putting the peace process in front of a new test. Antonio Guterres urged in a report on […]

Energy Headlines Maghreb Morocco

Tendrara gas wells to cover 30% of Morocco’s needs- Minister

The recently found gas in Tendrara in eastern Morocco would cover up to 30% of Morocco’s gas needs, said Energy Minister Abdelaziz Rebbah. Currently 13 companies are exploring oil and gas in Morocco including in the Western region north of Rabat, he said. Morocco is a major energy importer in North Africa as it lacks […]

Americas Business Headlines International Maghreb Morocco

Aeronautics: Spirit Aerosystems Expanding Casablanca Bombardier Plant

American company Spirit Aerosystems, which has purchased the bombardier plant in Casablanca, is expanding its Moroccan factory from 10,000 m² to 25,000 m² and increasing its workforce from 350 to 850 employees. The announcement was made Monday following a meeting held in Rabat between minister of industry & trade Moulay Hafid Elalamy, and senior leaders […]

Business Finance Headlines Maghreb Morocco

Morocco Enhancing Resilience of its Economy – IMF

Morocco has made significant strides in strengthening the resilience of its economy in recent years, says the International monetary Fund after completing lately its second review under the Precautionary and Liquidity Line (PLL) arrangement sealed with the North African Kingdom. The two-year arrangement supports the efforts made by Morocco to promote higher and more inclusive […]