The State Department has approved the sale to Morocco of Javelin missiles, an advanced portable anti-tank weapon system expected to strengthen further the Kingdom’s military capabilities. The North African Kingdom has requested to buy 612 Javelin FGM-148F missiles, (including twelve (12) fly-to-buy missiles) and two hundred (200) Javelin Lightweight Command Launch Units (LWCLUs). The $260 […]
Tag: Morocco
Morocco’s Central Bank keeps key rate unchanged at 3 % & expects 2.1 % Growth in 2024
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 percent in 2024, before rebounding to 4.3 pc in 2025. During its first meeting of 2024 held Tuesday in Rabat, the Board of Bank Al Maghrib said the key rate […]
King Mohammed VI expresses resolve to continue working with President Putin to strengthen Morocco-Russia strategic partnership
King Mohammed VI of Morocco has renewed his resolve to continue working with Russia’s re-elected President Vladimir Putin to strengthen relations and partnership between the two countries. This came in a message of congratulations addressed by the Sovereign to Vladimir Putin on his re-election as President of the Russian Federation. In this message, the Sovereign […]
Expropriation case exposes Algeria’s double speak
After Morocco announced its decision to expropriate a villa owned by the Algerian state for public utility purposes, Algeria’s foreign ministry issued a statement that shows that victim discourse, fake news, and conspiracy theories have become a standard tactic. Morocco has decided after years of waiting to lawfully expropriate a villa owned by Algeria to […]
“The importance of religious preaching and the place of preachers”, theme of second Ramadan lecture chaired by Morocco’s King
“The importance of religious preaching and the place of preachers” was the theme of the second Ramadan lecture given in Rabat Monday under the chairmanship of King Mohammed VI, Commander of the Faithful, who was accompanied by Crown Prince Moulay El Hassan, Prince Moulay Rachid and Prince Moulay Ismail. The lecture was given by Vice […]
French AFD contributes €134.7 million to Morocco’s education system reform
The French Development Agency (AFD) will contribute €134.7 million to the public policy budget and the support program of the 2022-2026 roadmap for the reform of Morocco’s national education system. The related loan protocol and financing agreement were signed in Rabat this Monday by Minister in charge of the Budget, Fouzi Lekjaa, and the French […]
Energy: Chariot to sell one of its subsidiaries to focus on gas assets in Morocco
UK Company Chariot has decided to conduct a strategic review of its “Transitional Power” division which is present in South Africa, providing sustainable power and water solutions in renewable energy generation and electricity trading. Since 2020, Chariot has built a transitional energy group spanning natural gas, renewables, and green hydrogen. As these divisions have grown, […]
Morocco offers earthquake reconstruction aid to 51,300 households
Morocco has offered 1 billion dirhams so far in reconstruction aid to 51,300 households hose houses were totally or partially destroyed in the September 7 quake that hit the High Atlas. The government has offered 20,000 dirhams in a first stage aid to families to start rebuilding their homes and started disbursing a second batch […]
Morocco’s legal cannabis harvest at 294 tons in 2023
Morocco reported a legal harvest of 294 tons of cannabis, the first since the country allowed the cultivation of the plant for medical and industrial purposes, the national agency for the regulations of activities linked to cannabis ANRAC said. The news was first reported by le360 citing ANRAC which said it offered permits to farmers […]
Morocco: Drug trafficking attempts thwarted in Agadir, Tanger-Med
Authorities in Agadir have successfully intercepted this Sunday a fishing boat that was used for smuggling purposes, and seized a substantial quantity of narcotics totaling 10 metric tons and 542 kilograms of Chira, a potent form of cannabis resin. According to statements from the General Directorate of National Security (DGSN) and the General Directorate of […]