Morocco's Arrabet and Skaleet partner for a new neo-bank offering in Africa  (Read more...)

Carlyle files a suit against insurers because of Samir oil refinery

Carlyle, an American multinational private-equity firm, is filing a suit against its insurer over USD 400 million loss that the group believes it lost when Morocco’s oil refinery Samir went bankrupt in 2015, Reuters reports based on court documents.  The company accuses Mitsui Sumitomo Insurance for refusing to cover the losses. The British news agency indicates that «Carlyle Commodity Management, a subsidiary of Carlyle Group formerly called Vermillion Asset Management, said

High Commission for Planning : Morocco’s population will reach 43.6 million by 2050

The High Commission for planning (HCP) announced in a survey published recently that Morocco’s population will reach 43.6 million inhabitants by 2050 indicating that the number of senior citizens will attain 23.2 % of total population. The statistical institution has made an updated version of population projection in Morocco based on new international standards. The study suggests that the country’s population will know an additional growth of 272.000 inhabitants per year which

Finland : Moroccan students receive the LUMA Start Education Award 2017

The ecological club of Zineb Ennafzaouia high school located in Sidi Slimane received on Tuesday in Helsinki the LUMA Start Education Award 2017 for its project dedicated to the promotion of the culture of environmental protection in the city. At a ceremony held at the University of Helsinki, Finnish Education Minister Sanni Grahn-Laasonen handed the "Best Practice Learning" award to Ms. Khadija Azaitraoui, Teacher and Club Coordinator. Three major innovative projects carried out by teams of

Global Trade Leaders Club : Three Moroccan companies won in Madrid

Two Moroccan companies active in the field of building and civil engineering and one operating in the road transportation sector received in Madrid the International Trophy of the Global Trade Leaders Club in the categories «Construction» and «Transport». They are namely public works and civil engineering companies, Igaser and Benelhou Frères, as well as the Royal Regency Group, operating in the tourist transport sector. These awards are a recognition of the

DW : Morocco’s ambitious green mobility plan

Morocco is committed to promoting the use of renewable energy and sustainable transportation. It is the idea of a reportage broadcasted by Deutsche Welle, Germany’s public international broadcaster. Traveling to Marrakech, the crew of the program called Eco@Africa draws attention to the green mobility plan, a concept that invaded the city and was translated into a biking project. Discovering the initiative, 4 minutes-video shows the example of Othmane Irbayine, a young waiter who

Two Moroccans held in Spain for training to become suicide bombers

Two Moroccans aged 43 and 22 years old were arrested today, 23rd of May in Madrid, Spain for training to become suicide bombers, Express online news paper reports. The two alleged terrorists have been using the internet to train themselves into becoming «Inghimasi», a type of suicide fighters who can master the use of firearms and can blow up their explosive belt once threatened or in danger, the same source points out. Spain national police spokesman told the media that

22 dead and 50 people injured in a suicide bomb attack at Manchester

At least 22 people were killed and 59 injured in a suicide bomb attack at Manchester that targeted a pop concert arena Monday 22th of May around 10.30 pm, the Guardian reports. According to the same source, the attack was carried by a man with an explosive device which took place at the end of a concert of Ariana Grande, an American pop singer. The concert was attended by young people and children also. Theresa May, the Braitain’s Prime Minister said in a statement following the attack

Morocco to import Canary Island bananas

Morocco will start importing Canary Island bananas following a new trade deal that was initiated by a Spanish delegation visiting Casablanca in the beginning of this year, Produce Business UK online newspaper reports. The first Canarian-grown bananas were shipped to Morocco by the Association of Banana Producers of the Canaries (ASPROCAN). The first phase of the deal will also contain fruit grown of the Island, Tenerefe and La Palma. The trade deal was signed in Casablanca earlier this year

Kickboxing : Rico Verhoeven defeats Ismael Lazaar

Glory heavyweight champion Rico Verhoeven defeated on Saturday night 20th of May his Moroccan-Dutch counterpart Ismael Lazaar in the non-title main event of the Gloty 41 Super-Fight Series card organized in the Netherland, Bet.nl online newspaper reports. The Moroccan-Dutch boxer could not win the battle which granted Rico Verhoeven another victory. As a matter of fact, in December Verhoeven defeated Badr Hari leaving him with a broken arm.  Ismael Lazaar later on promised to fight

The funeral of the two Moroccan soldiers killed in the Central African Republic

The funeral of Master Corporal Abdeljalil Zitouni, soldier of the FAR contingent of the Multidimensional Stabilization Mission of the United Nations in the Central African Republic (MINUSCA), who died on the 13th of May while on an escort mission of a UN military engineering team, took place on Sunday in the rural commune of Retba in the province of Taounate. The funeral attended by the commanders of the squares of Fez and Taza, as well as a commission composed of the officers of the General

Bouchra Baibanou : the first Moroccan woman to climb Mount Everest

It is done, the Moroccan mountain climber, Bouchra Baibanou, has finally reached the top of the world aka Everest mountain located at the border separating China and Nepal. The 47-year-old sportswoman ascended 8,850 meters above sea level (29,035 feet) becoming thus the first Moroccan and North African woman to achieve this great challenge. C'est fait ! Bouchra Baibanou a réussi à réaliser son rêve ! pic.twitter.com/Ww3xTZ36Zf — roudhane benhamou (@roudhane)

Panama Canal : the Moroccan phosphate vessel released

The Danish vessel Ultra Innovation that was carrying a load of Moroccan phosphate belonging to OCP and which was detained Wednesday 17th May in the Panama Canal, has finally been released and will be heading to Vancouver, Canada, Media 24 reports based on information provided by a «reliable source». Ultra Innovation was held by local authorities for 48 hours and should be in Vancouver's port by the 1st of June. The 50,000-tons phosphate cargo had been immobilized following a court

Morocco-Algeria : A sandstorm destroys the shelters of Syrian refugees

A sandstorm destroyed the shelters of the Syrian refugees stranded stuck in the Moroccan and Algerian borders. «The sandstorm hit the area yesterday from 7 pm to 9 pm», a source that was present there told us. «This is the second time that this happens, the first time we (local associations) we gave them sheets to rebuild their shelters. But now, we are no more able to give them food. The road we used to take is no longer accessible», adds the same source fearing that

The Arabi-Islamic US summit : Nasser Bourita represents Morocco

More than 50 Arab and Muslim nation leaders will join Donald Trump today 21st of May in Ryad for the first Arab-Islamic US summit. Nasser Bourita, the Minister of Foreign Affairs and International Cooperation is in Saudi Arabia to represent Morocco. Bourita was received by King Salman after joining the participants in a waiting room as broadcasted on the Saudi tv channel Al Arabiya. During the event, the Saudi sovreign has dedicated a good amount of time to Nasser Bourita speaking to him more

More than half of Moroccans say they feel good at work (Survey)

Around 60% of Moroccans declare feeling a certain amount of well-being at work, according to the first national well-being in the workplace survey elaborated by the Moroccan Happiness Observatory. The survey conducted by OpinionWay included answers from almost 1,200 workers from all industries and sectors, aimed to measure the level of well-being of Moroccans in the workplace and identify the factors behind their feeling, indicates the Observatory in a communiqué. On a scale from 1 to

Physical assault of a Moroccan diplomat : Algeria summons the Moroccan ambassador

Algeria has followed the rules, after its embassy's chargé d'affaires was summoned by the Ministry of Foreign Affairs and International cooperation in Rabat, Algiers answered back. Today, its minister in charge of the African Union and the Arab States League, Abdelkader Messahel, has convoked Lahcen Abdelkhalek the Moroccan ambassador, APS reports. The same source claims that the minister has informed the Moroccan diplomat of the «intense protests» of his country following

Italy : Six Moroccans arrested for drug trafficking

Six Moroccans were arrested on the 17th of May on drug trafficking charges in Novara, northwestern Italy, Il Venerdi reports. Two investigations, including a third one initiated in 2015, have led to the arrest of six Moroccans in an irrigular situation. The network was mainly selling hard drugs such as cocain and heroine alongside hashish and marijuana in the forested areas of Italy. In addition to these charges, one of the defendants is accused of attempted extorsion. According to the same

Christopher Ross is no more the UN Secretary General Personal Envoy to the Sahara

The United Nations organization announced on Friday afternoon 19th May that Christopher Ross has officially stopped serving as the UN Personal Envoy to the Sahara since April 30th. «Concerning a question asked during the daily press briefing, we would like to clarify that Mr. Christopher Ross has ceased since 30th April 2017, to assume the role of the Secretary General Personal Envoy to the Sahara», declared Farhan Haq, the UN spokesman to accredited journalists of the UN. Earlier