Business Emerging Markets Europe Headlines International Morocco

French Veolia to divest its stake in Morocco’s Lydec

French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]

Europe Headlines International Morocco

Morocco plays key role in promoting East-West dialogue, peace & stability – Spanish think-tank

Morocco, with its “long history of intercultural coexistence,” and outstanding international presence plays a key role in promoting East-West dialogue as well as peace and stability, stressed the Spanish Institute for Governance and Applied Economics Coordenadas. “Morocco’s commitment to moderation and religious tolerance made it a key partner for countries in both regions in the […]

Emerging Markets Europe Headlines International Morocco

Binter Airline Resumes Essaouira-Gran Canaria Air Route

Airline Company Binter on Saturday resumed direct flights between Essaouira-Mogador International Airport (ESU) and Gran Canaria Airport (LPA), marking its second consecutive year of summer links between the two destinations. Flights of the Spanish-regional airline will operate every Saturday until mid-September, with a 22% increase in capacity compared to the previous year. After a flight […]

Energy Europe Headlines International Morocco

Morocco, France to cooperate in green hydrogen research

Morocco’s research institute in renewable energies (IRSEN) and France’s SATT Paris-Saclay, which promotes technology transfer, in addition to the French Development Agency (AFD) signed in Rabat this week an agreement to support Franco-Moroccan applied research projects in the field of green hydrogen. Under this agreement, the AFD has donated €800,000 to this partnership that aims […]

Asia Europe Headlines International Libya

Libya-bound drones disguised as wind Turbines seized by Italy

The China-made drone parts seized by Italian authorities were disguised as wind turbines in order to be shipped to Libya, in violation of a UN embargo, news agencies reported. Earlier this month, Italian customs found Chinese drone components in six containers at the Port of Gioia Tauro in southern Italy. The components were hidden among […]

Europe Headlines International Morocco

Collaboration between Spain’s Guardia Civil and Morocco’s DGST led to arrest of 8 terror suspects

The security services of the Spanish Civil Guard and Morocco’s General Directorate of Territorial Surveillance (DGST) announced on Friday having arrested a group of eight terror suspects in a joint operation. The operation led by the Guardia Civil, in collaboration with the DGST, resulted in the arrest of a group of young people who had […]

Emerging Markets Europe Finance Headlines International Morocco

Morocco, EU ink higher education support program deal

Morocco and the European Union (EU) signed, in Rabat on Wednesday, a 490-million-dirham program to support higher education, research, innovation, and mobility. The program, which marks a notable step in the EU’s educational outreach, supports Morocco’s National Plan for Accelerating the Transformation of the Higher Education, Scientific Research and Innovation Ecosystem (ESRI 2030 Pact), meant […]

Algeria Americas Columns Europe Headlines International

Algeria’s inconsistent diplomacy loses Russia and the West

Algerian diplomacy’s inconsistency and blunders left the country in grey territory unable to win neither Russia’s trust, nor the West’s support. Russia Tebboune who braced for a second term with the benediction of the army, ended his five-year term with diplomatic setbacks. The highlight of his debacles was the resounding failure to join the BRICS, […]

Africa Energy Europe Headlines International

Total Energies to quit South Africa offshore gas fields

French Total Energies said it plans to quit South Africa’s offshore gas fields to focus on more promising discoveries in Namibia, Bloomberg and Reuters reported. The company plans to give up its license for Block 11B/12B because it doubts whether the complex deep-water finds can be made commercially viable, given South Africa’s small gas market, […]

Emerging Markets Energy Europe Finance Headlines International Morocco

EBRD promotes energy transition in Morocco’s mining sector with €13.6Mln Loan

The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]