Business Headlines Morocco

Morocco’s Central bank expects fewer wheat yield in 2019

Due to insufficient rainfall, Morocco’s cereals yield would stand at 60 million quintals, less than the average 80 million quintals, central bank governor Abdellati Jouahri said. Last year, Morocco had a good cereals output of 103 million quintals following abundant rainfall, which reduced the country’s wheat import bill. Rainfall was 15.1% less compared to last […]

Headlines Morocco

More than 80 g of cocaine, around 1.881 ton of chira seized in two operations

The judicial police of Tangiers seized 6,915 psychotropic tablets and about 80 g of cocaine, and arrested two individuals. The elements of the Police Service of Tangiers who carried out the operation on tips provided by the General Directorate of Territorial Surveillance (DGST), seized 6,915 psychotropic tablets and about 80 g of cocaine and arrested […]

Algeria Europe Headlines International Mauritania Morocco

Moroccan delegation heads to Geneva to take part in Second round of talks on Sahara

The Moroccan delegation heads to Geneva this Wednesday to participate in a second roundtable on the Sahara, organized by the UN Secretary General’s Personal Envoy Horst Köhler, March 21-22. Besides the Moroccan delegation, led by Foreign Minister Nasser Bourita, delegations from Algeria, the Polisario, and Mauritania, will take part in the meeting. This second roundtable […]

Africa Headlines International Morocco

Morocco-Rwanda: A Successful Model of South-South Cooperation

The first meeting of the Morocco-Rwanda High Joint Committee, which was crowned Tuesday with the signing in Rabat of twelve cooperation agreements, lays out a successful model of South-South cooperation, said Rwanda’s Foreign Minister Dr. Richard Sezibera. “The relations between the two African countries are gaining momentum day after day and set the example of […]

Africa Headlines International Morocco

Assistant UN SG Hails Morocco’s Contribution for Integration of Landlocked Countries

The UN High-Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Ms. Fekitamoeloa ‘Utoikamanu has praised Morocco’s contribution for the integration of landlocked African countries into regional trade. Speaking in Marrakech at the mid-term review meeting of the African Region of the Vienna Program of Action for Landlocked Developing Countries for […]

Africa Energy Headlines International Morocco

Morocco-based Themis to develop 550MW natural gas-fired power plant in Nigeria

Private Equity-backed Themis, an Africa-focussed power company based in Morocco, has announced a new partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria. At a project cost of approximately $600 million, the plant is set to become one of the world’s lowest cost natural gas-fired […]

Europe Headlines International Morocco

Morocco rejects accusations of alleged connection with death of key witness in trials involving Ex-Premier Silvio Berlusconi

The Moroccan embassy in Italy has lambasted charges by a former Italian MP who finger-pointed the embassy in the death of Imane Fadil, a Moroccan-Italian key witness in trials involving Ex-Premier Silvio Berlusconi. Imane Fadil, 34, an important prosecution witness in the sex scandal involving Berlusconi and Ruby that the former Italian leader paid for […]

Asia Headlines International Morocco

‘Disregard for rules’ keeps Iran away from OIC meeting in Rabat

Iran did not attend a meeting of the Parliamentary Union of the Organization of Islamic Cooperation (OIC) recently held in Rabat due to a disregard for rules, said Morocco’s Parliament speaker Habib El Malki. “Iran did not respect the rules in force in order to take part in the session,” which was held on March […]

Africa Headlines International Morocco

Morocco urges an end to useless debates on Sahara issue within African Union

Morocco reiterated its calls for freeing the African Union of the useless debates that are disconnected from the reality in the Sahara. Speaking at a joint press conference Tuesday in Rabat with Rwandan Foreign Minister Richard Sezibera, Moroccan Foreign Minister Nasser Bourita said the African Union should be cleaned of debates on the Sahara issue […]

Finance Headlines Morocco

Morocco rejects Fitch Rating report on banking sector

Morocco’s central bank has efficient and effective regulatory control of the banking sector contrary to what Fitch rating claimed in a recent report, said head of the bank Abdellatif Jouahri. The central bank governor, who was speaking to reporters, said Fitch was wrong in its conclusions that run contrary to what other international rating agencies […]