The international ratings agency Standards & Poor’s expects Moroccan economy to grow by 4.1 pc in 2020-2021, after decelerating to about 3.2 pc in 2019. The expanding automotive and tourism sectors, coupled with increased demand for phosphates and derivatives, will stimulate the long-term performance and somewhat reduce the reliance on cyclical sectors, notably agriculture, says […]
Morocco
Sound Energy confirms new gas finding in eastern Morocco
Sound Energy, the Moroccan focused upstream gas company,“revises up” the net pay estimate of sands found under the main TAGI play, which currently stands at 10.5 meters. Earlier January, Sound energy announced discovery at TE-10 of a potential reservoir at between 1,899 meters and 2,009 meters. Sound has nearly finished planning its TE-10 test program, […]
Moroccan Banks, Launchpad for Investments in Africa- Stratfor
Moroccan banks across Africa serve as a launchpad that will allow Moroccan and European businesses to expand in the continent, Stratfor, a US firm specializing in risk analysis, said in a recent report. The report shows that Morocco has become a key investor in Sub-Saharan Africa owing to the strength of its financial sector. “As […]
IMF highlights Morocco’s sound economic fundamentals
The International Monetary Fund (IMF) said Morocco’s economic fundamentals and policy frameworks are sound as the government remains committed to reforms amid a positive macroeconomic outlook. Morocco’s policy priorities “include continued fiscal prudence and progress toward exchange rate flexibility, and reforms of taxation, governance, oversight of state owned enterprises, fiscal decentralization, and the business environment,” […]
Turkey reaffirms support for Morocco’s territorial integrity
Turkey reiterated its position in support of Morocco’s sovereignty and territorial integrity during a visit to Rabat by envoy of Turkish President. Morocco’s territorial integrity and stability constitute a “strategic priority” for Turkey, said Ibrahim Kalin, envoy of Turkish President Recep Tayyip Erdoğan, who was bearing a message to King Mohammed VI. “Morocco is a […]
Russian FM Commends Morocco’s King Regional & International Leadership
King Mohammed VI received on Friday in Rabat visiting Russian foreign minister Sergei Lavrov who hailed on this occasion the regional and international leadership of the Moroccan sovereign. Talks between the two sides covered several regional and international issues of common interest, particularly in the Middle East and Africa, said a statement issued by the […]
Russia supports ‘mutually acceptable’ solution for Sahara issue
Russia remains in favor of a “mutually acceptable” solution for the Sahara issue in line with Security Council resolutions, Russian Foreign Minister Sergey Lavrov reiterated in Rabat Friday. The Sahara conflict, which has “long lasted”, requires a mutually acceptable solution on the basis of the UN Security Council and with the involvement of all parties, […]
Maghreb region lethargy, a fallout of Algerian-Moroccan tensions
The lack of integration characterizing the Maghreb Union is a fallout of Algeria’s perpetuation of tensions with Morocco, although the kingdom has on multiple occasions called on Algeria to open a new page in bilateral relations with a view to bolstering integration in the Maghreb region, underlined Moroccan Foreign Minister Nasser Bourita. In an interview […]
Morocco-KSA: Pyramids FC posts Morocco’s map stripped of Sahara
The Egyptian club, Pyramids FC, which belongs to the Chairman of the Saudi General Entertainment Authority, has angered Morocco after the team posted on social media a map of the North African kingdom without the Sahara. Pyramids FC owned by Turki Al-Sheikh, is based in Cairo and plays in Egypt’s football top league. The 37-year […]
Passenger’s connected shoes sow panic at Paris-Orly airport
Authorities at Paris-Orly airport in the French capital Thursday suspended temporarily activities after security forces suspected the content of a carry-on bag of a woman traveling onboard a Casablanca-bound flight of Moroccan carrier Royal Air Maroc. Security forces at the airport detained a woman, a journalist of renowned fashion magazine, who was traveling to the […]