First Independent Mena Newspaper
FLSmidth has won a five-year contract from Moroccan Phosphates Office (OCP) to operate port equipment for handling phosphate, fertilizers, and sulphur. The port is located in Jorf Lasfar, El Jadida, 100 km south of Casablanca. The contract marks FLSmidth’s first Operation & Maintenance contract in Morocco, the Copenhagen-headquartered company said in a press release. FLSmidth […]
Cooperation in the field of countering cyber security risks has been at the heart of talks in Rabat between Morocco’s Minister Delegate in charge of the Administration of National Defense Abdeltif Loudiyi and Assistant to NATO’s Secretary General in charge of emerging risks Sorin Ducaru. The two officials examined future cooperation prospects in the field […]
Costa del Sol and Morocco are planning to launch a joint tourist offer under the theme “a holiday in two continents,” said the Spanish Malaga Hoy magazine. The publication said that meetings have been taken place between officials in the two countries to finalize the teaming up to offer an unprecedented tourist offer. In this […]
The World Bank announced a $350 million program to support wide-ranging reforms of financial intermediation in Morocco, including new sources of financing for small and medium enterprises (SMEs). The loan also aims at improving the regulatory oversight of the banking sector and supporting the capital market development by broadening the range of instruments and strengthening […]
Sound Energy, the African and European focused upstream gas company, announced that it will start commercializing the first gas from Sidi Mokhtar in Essaouira Basin, central Moroco, by the end of 2017. Sound Energy, which received authorization last year to explore Sidi Mokhtar License area covering 2,700 square kilometres, confirmed that two wells Koba-1 and […]
Food security has been a salient feature of Morocco’s cooperation in Africa as evidenced with the agreements signed by the Kingdom and several African countries notably in the fields of Agriculture and fertilizer production. This endeavor to boost food security on the continent has been materialized notably by Morocco’s state-owned phosphates company (OCP), which sealed […]
The International Monetary Fund has reaffirmed Morocco’s continued qualification for the Precautionary and Liquidity Line (PLL) Arrangement after a first review of its executive board. The two-year PLL arrangement for Morocco in the amount of SDR 2.504 billion (about US$3.42 billion) was approved by the IMF’s Executive Board in July 2016. After completing a first […]
Morocco and Nigeria are making headway towards the achievement of the Atlantic Gas Pipeline that is meant to carry Nigerian gas through six countries to Morocco with a potential for export to Europe. To materialize this project, additional agreements were signed in Rabat in the presence of King Mohammed VI and Nigeria’s Foreign Minister Geoffrey […]
Moroccan navy is currently taking part off Spanish coasts in the 13th iteration of the multinational maritime exercise Phoenix Express 2017 along with maritime forces from Europe and the United States. The Moroccan frigate, Tarik Ibn Ziad, took part in the naval exercise, which was sponsored by U.S. Africa Command and facilitated by U.S. Naval […]
The Nigeria-Morocco huge gas pipeline project, agreed upon last year, is taking shape with the signing Monday in Rabat of additional agreements related to the pipeline that will stretch along the West African coast all the way up from Nigeria to Morocco and eventually into Europe. The agreements were signed at a ceremony chaired by […]