Africa Finance Headlines Morocco

Automotive industry: Renault Unveils Ecosystem Project Worth over $1.0 Billion

King Mohammed VI launched Friday in Rabat a new structural project of car-manufacturer Renault group in Morocco called “Renault Ecosystem.” The project, meant to consolidate the positioning of the Moroccan automotive sector on the world chessboard, requires an investment of about $1.0 billion and will develop a global supply platform for the manufacturer. The sovereign […]

Headlines Morocco

US, Morocco, Mauritania in Military Intelligence Training

Moroccan and Mauritanian servicemen have benefited from intelligence course training conducted by US military experts in preparation for upcoming exercise “African Lion 2016.” The training course was held March 3-25 at the Moroccan Southern Zone headquarters in Agadir, according to press reports. The three-week course is the first of what US service members are hoping […]

Headlines Morocco

Panama Papers-Morocco: Two Listed Companies Legally Flawless

The two companies mentioned in the leaked Panama papers that were set up by Mounir Majidi, the private secretary of King Mohammed VI, are legally flawless and operated in total transparency. The statement was made by Moroccan attorney Hicham Naciri, known as the Royal Palace lawyer, following the publication by some media of the name […]

Headlines Morocco

European Court Overturns Verdict on Trade Deal with Morocco, Hard Blow to Polisario

The European court has cancelled its former verdict on farm deal with Morocco in the appeal lodged by the European Union. This new ruling deals a hard blow to the Polisario separatists, backed by Algerian lobbyists who tirelessly seek to undermine Moroccan-European relations. During her latest trip to Morocco, EU foreign policy chief Federica Mogherini […]

Finance Headlines Morocco

Morocco’s CFC, Leading Financial Center in Africa, GFCI ranking

Casablanca Finance City has outstripped Johannesburg and Mauritius to become the leading financial center in Africa as it topped the continent’s ranking established by the Global Financial Centers Index (GFCI.) At the global level, CFC stands on the 33rd position of the ranking established by GFCI which ranks financial centers according to one main criteria: […]

Headlines Morocco

“IS Could Wage Toxic Jihad against UK & Europe,” Morocco’s Counter-Terrorism Chief

IS militants could assault UK and Europe with lethal gas as the group is now able to make chemical and biological weapons, head of Morocco’s counter-terrorism department told UK Sun magazine early this week. Speaking from his office at Morocco’s Bureau Central d’Investigations Judiciares (BCIJ) also dubbed Morocco’s FBI, Abdelhak Khiame told The Sun that […]

Headlines Morocco

Morocco Teams Up with UNESCO to Boost ESD

Mohammed VI Foundation for Environment Protection and UNESCO have agreed to enhance cooperation in the field of Education for Sustainable Development (ESD,) a program which enables people to acquire the necessary knowledge and skills for a better sustainable future. Princess Lalla Hasnaa, the Moroccan King’s youngest sister and Chairwoman of the Mohammed VI Foundation for […]

Headlines Morocco

Morocco, Russia Boosting Anti-Terrorism Cooperation

Head of Morocco’s internal intelligence service, Abdellatif Hammouchi, who is also Chief of the General Directorate of National Security (DGSN,) is visiting Moscow to seal bilateral collaboration in the fight against terrorism. The visit is taking place less than a month following the official visit King Mohammed VI paid to Moscow mid-March. Morocco and Russia […]

Headlines Morocco

Morocco Flatly Rejects any Change of UN Role in Sahara Issue

Morocco flatly rejects any change or modification of the nature of the United Nations’ role in the handling of the Sahara issue and any plots seeking to bury the autonomy plan which could, as recognized by many world powers, fulfil the aspirations of the people in the Western Sahara to run their own affairs in […]

Headlines Morocco

Two More Members of ISIS Libyan Branch Nabbed in Morocco

Moroccan security services have captured last weekend two terrorists tasked with funding and coordinating with jihadists of the Libyan branch of the terror organization ISIS. The two operatives were arrested in Morocco’s economic city of Casablanca and its suburban region of Had Soualem within the frame of the ongoing investigations on Libyan affiliates of ISIS. […]