Asia Business Headlines International Maghreb Morocco

Morocco poised to unseat India, China as most competitive automotive investment destination

Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Morocco has offered propitious conditions for car manufacturers and part suppliers in key industrial clusters in Tangier, Casablanca and Kenitra. Building on its investments in low-carbon economy […]

Algeria Energy Finance Headlines

Algeria’s energy revenues to plunge by $10 bln deepening financial crisis

Algeria’s oil and gas revenues will be reduced by $10 bln to $23 billion as the country struggles with a surge in spending in a heavily subsidized economy. Algerian officials rang the alarm bell as to the deteriorating financial indicators as a result of dwindling energy revenues which represent more than 90% of exports. To […]

Africa Business Headlines International Morocco

Maroc Telecom’s customers increased to 68.4 Mln in 1st semester 2020

Maroc Telecom Group has said that its customers continue to grow (up 9.1 pc year-on-year), reaching 68.4 million during the first half of 2020. This increase is due partly to the consolidation of Tigo Chad into the Group’s since July 1, 2019. As of June 30, 2020, its mobile customers reached 19.6 million, up slightly […]

Headlines Morocco

Morocco’s Police seize over 4.8 tons of cannabis & 6 kg of cocaine

Moroccan security services have seized 4.85 tons of cannabis and 6 kg of cocaine in separate anti-drug operations carried out lately in various cities of the Kingdom. Over the weekend, the police of Agadir intercepted a transport vehicle at the entrance of the city of Ait Melloul carrying 2.34 tons of cannabis. They also intercepted […]

Asia Headlines International Libya Morocco

Moroccan ISIS-affiliates leave Syria, Iraq for Libya – European security reports

Two European counterterrorism reports have reported the movement of Islamic state group fighters, including Moroccan nationals, leaving Syria and Iraq to lawless Libya. Published by the European Center for Counterterrorism and France’s Center of Terrorism Analysis, the reports stress that fighters of the global terror group are fleeing Syria and Iraq, two hubs of the […]

Headlines Tunisia

Tunisia: Terror attack targeting military patrol foiled

Tunisian security forces foiled Monday a terror attack after they nabbed a terrorist on verge of attacking a security patrol in one governorate in the south of the country. The ministry of the interior in a statement said the attack involved an improvised bomb device. The alleged terrorist, an affiliate of the Islamic state group […]

Egypt Headlines Libya

Egypt: Parliament approves a possible armed intervention in Libya

The Egyptian Parliament unanimously approved on Monday July 20 a possible armed intervention in Libya. MEPs reacted to the eastward advance of Libyan government forces. Egypt, which supports Marshal Khalifa Haftar’s camp, intends to “defend national security” in the face of the Government of National Accord (GNA). The Egyptian president had warned last Thursday that […]

Business Europe Headlines International Morocco

PSA to step up production to 200,000 cars annually in Morocco plant

French carmaker PSA plans to speed up production at its Kenitra plant to hit the annual target of 200,000 vehicles by next September. PSA has withstood the coronavirus crisis posting sales higher than last year and taking up 46% market share in the region. Sales improved in key markets such as Turkey by 5.4%; 3.9% […]

Business Headlines Morocco

Morocco enters 3rd stage of lockdown easing

Morocco has further loosened the restrictive measures to contain the coronavirus but calls on citizens to maintain vigilance. From this Monday, hotels are able to operate at full capacity while inter-city transport companies are allowed to fill in 75% of their capacity. Shared facilities such as restaurants and sports clubs will operate at half capacity, […]