The Anglo-Swiss multinational trading and mining company, Glencore along with the American private equity investor Carlyle will buy Morocco’s oil refinery, Reuters reports. The two huge firms hope to «recoup about $600 million (£465.2 million) in loans they issued to the plant before it went bankrupt», industry sources told the same source. The oil refinery that stopped operating in August 2015 and located in Mohammedia «If the deal goes through, would become
Known as the largest city on the United-States–Canada borders, Detroit is now drawing inspiration from Moroccan architecture. The metropolitan is building an American Riad to provide work for its unemployed residents and help youngsters have a space for their creativity. According to an article published today by Next City, the cultural hub is initiated by Ulysses Newkirk an active member of the Oakland Avenue Artists Coalition and The Ghana ThinkTank, a coalition of artists from Ghana,
After having reacted to the death of a muslim man in a Mosque in August 2014 by tweeting «we are asking for more», the Democratic union of the force lawmaker (UCD), Jean-Luc Addor will be sentenced on Tuesday 24th of May for racial descrimination. On the 22nd of August 2014, Jean-Luc Addor published on his Facebook account and Twitter a 20 minutes-article referring to a deadly attack that targeted a mosque in Saint-Gall northestern Switzerland and resulted in the death of a man. He
Maxtech, a diversified industries corporation with gold and manganese mineral properties headquarted in Canada, will establish a strategic development partnership with Morocco-based Green Energy Resources (GER) to examine the existing mining and mineral concessions in the country for «a potential joint venture or acquisition», benzinga reports. The Canadian company is currently evaluating along with the GER the manganese assets in Morocco and will in a short period decide on
King Mohammed VI presided on Monday at the royal palace in Rabat, a ceremony during which the Moroccan-Nigerian agreement regarding the launching of the Gazoduc and the fertilizers project was signed. The event was attended by the Nigerian Minister of Foreign Affairs, Geoffrey Onyeama who recalled the King’s last visit to Abuja where he met the Nigerian president Muhammadu Buhari. After a few months the two countries have succeeded to launch the implementation of the two bilateral
Le Maroc et le Nigéria ont signé, ce lundi au Palais royal à Rabat, deux accords de coopération lors d’une cérémonie présidée par le roi Mohammed VI. Il s’agit notamment du projet de Gazoduc devant relier les deux pays et un autre accord relatif au renforcement des capacités de production et de distribution d’engrais au Nigeria. Détails.
In a survey released yesterday 15th May by the High Commission for Planning, 97.1 per cent of Moroccan families expect food prices to increase while 1.4 only awaits the opposite, the Middle East Monitor reports today. The same source states that 87.4 per cent of families think that supply costs have increased during the past 12 months compared to 0.6 who claimed the contrary. The survey suggests that one third of Moroccan families had to borrow money to afford the spending of the first quarter
Prime Minister, Saadeddine El Othmani, promised to solve the crisis of the Syrian refugees stuck in a no man’s land near the borders that seperate Morocco and Algeria, announced Mohammad Habach, head of the Syrian Peace Initiative to Al3omk website. The Islamist, who used to back Bachar Al Assad regime before joining the opposition, claimed that El Othmani has promised in a conversation held over the phone to «examine the issue and initiate talks» to find a solution for the
Les atouts économiques du Maroc ainsi que les opportunités d’affaires et d’investissement qui s’offrent aux entrepreneurs MRE ont été au cœur d’une caravane en faveur des Marocains de Finlande, ce weekend dans la ville de Turku (sud-ouest). Organisée par le Conseil consultatif fino-marocain en collaboration avec le Club des investisseurs marocains de l’étranger (CIME), cette rencontre a été
The Moroccan diva, Latifa Raafat, is not willing to retire anytime soon, The National reports. The 52-year-old singer denied rumors of her retirement stating that : «I don’t know where that came from, to be honest. I am still enjoying my work and it keeps me going.» Latifa has been around for three decades now, she participated in the creation of several successful songs such as «Maghyara», «Dunia», and «Ya Hli Ya ‘Ashrani». «As
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