Europe Headlines International Morocco

5+5 Defense Initiative: Army Chiefs pledge from Rabat to foster cooperation against common threats

The chiefs of staff of the armies of member countries of the “5+5 Defense Initiative” approved on Thursday in Rabat their joint action plan set for 2023 and pledged to enhance further cooperation in the fight against illicit trafficking, clandestine migration, terrorism and marine pollution. During their 14th meeting convened under the chairmanship of Morocco, […]

Headlines Morocco

COVID-19: Morocco extends state of health emergency until November 30

The Moroccan Government decided Thursday at the cabinet’s weekly meeting to extend the state of health emergency until November 30, 2022, to continue to ensure the effectiveness and efficiency of measures taken by public authorities to stem the spread of the Covid-19 pandemic. The Government Council examined and adopted a draft decree, presented by the […]

Headlines Maghreb Morocco

Morocco’s OCP to set up two water and energy subsidiaries

Morocco’s phosphates and fertilizers producer OCP was given go-ahead to set up two subsidiaries to produce water from non-conventional sources as well as renewable energy in the region of Safi. The official gazette published the governmental decree allowing the OCP to operate in these fields as Morocco faces the worst drought in four decades. The […]

Headlines Morocco

Counterterrorism: Interpol commends Morocco’s robust strategy

INTERPOL’s Counter-Terrorism Director, Greg Hinds, highlighted, Tuesday in Marrakech, Morocco’s “very strong” and “robust” counterterrorism strategy, praising the strong cooperation between INTERPOL and the Kingdom’s security services. “We have been working with Morocco for years and we are very impressed by the capabilities, which have been put in place not only to strengthen national responses, […]

Headlines Morocco

Morocco foils another terror plot, captures 5 Jihadists

Moroccan authorities announced on Wednesday the arrest of five jihadists who were preparing terrorist attacks in the country. Aged between 20 and 45, members of the ISIS cell were active in the “Habata Benmansour” village in Kenitra, Sidi Yahya Zaer (near Rabat), Dchira in Inzegane Ait Melloul, commune of Bouaboud (province of Chichaoua). All the […]

Finance Headlines Morocco

Morocco to abandon international bond issue in 2022

Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]

Asia Business Energy Headlines International Morocco

India’s richest person to invest in a 10 GW project in Morocco

India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]

Finance Headlines International Morocco

Agadir first Moroccan commune to issue bond

The city of Agadir has made a successful issuance of Morocco’s first municipal bond of 1 billion dirhams to fund its development plan. The dirham-denominated bond sale targeted national and international institutional investors as the commune braces for a facelift. The European Bank for reconstruction and development (EBRD) has supported Agadir’s bond with an investment […]

Americas Headlines International Morocco

Sahara: Colombia’s Senators Defy Pdt. Petro by Supporting Morocco’s Territorial Integrity

The overwhelming majority of Colombian senators are standing united against leftist President Gustavo Petro, challenging his decision to restore ties with self-proclaimed separatist entity “SADR”, which is armed, funded and hosted by Algerian junta. In a joint statement adopted Tuesday, 62 senators, out of 108 members of the Parliament lower house, backed the decision of […]

Europe Finance Headlines International Morocco

European Commission supports Morocco’s ecological & inclusive agriculture with €115 Mln

The European Commission adopted on Tuesday a new program worth €115 million to support Morocco’s ecological, inclusive and innovative farming. Dubbed “Terre Verte”, the program aims to contribute to Morocco’s strategies “Green Generation” and “Moroccan Forests” covering the period 2020-2030 by promoting an ecological transition conducive to the creation of decent work opportunities in Morocco […]