Morocco’s economy to grow in 2017 reaching 4.8 compared to 4.4% scored in the last 6 months, said the International Monetary Fund, an organization that fosters global monetary cooperation, secures financial stability, facilitates international trade, promotes high employment and sustainable economic growth, and reduces poverty around the world. In its latest biannual report on the world economic outlook published Tuesday in Washington, the Bretton Woods institution has also lowered its
The Polisario accuses France of blocking its participation in the next African Union-EU summit. The 5th AU-EU conference will take place on the 29th and 30th of November in Abidjan, Ivory Cost to strengthen political and economic ties between the two continents.
Forbes Middle East, an American business magazine operating in the Middle East, has issued this month a list that contains the 50 Most Active Investors in the Arab World, including North Africa and the Middle East. The ranking features, Maroc Numeric Fund, the first Moroccan firm specialized in seed, startup and growth capital investments, which was positioned 34th. According to the Magazine, the Moroccan company is a venture capitalist with an estimated investment of USD 5.4 million. It is
Siemens Gamesa, Spanish manufacturing company principally involved in the fabrication of wind turbines and the construction of wind farms, inaugurated on Wednesday, 11th of October, a new factory in Tangier, according to Medias 24. The event was chaired by Moroccan Minister of Industry, Investement, Trade and Digital Economy, Moulay Hafid Elalamy and Markus Tacke, President and CEO of Siemens Gamesa Renewable Energy. The factory will be the first wind turbines manufacturer in Africa and the
Morocco rejects the unilateral Catalan independence process and expresses its commitment to the sovereignty, national unity and territorial integrity of the kingdom of Spain, said a statement issued by the Ministry of Foreign Affairs and International Cooperation. The unilateral process, announced yesterday, is irresponsible, unsustainable and a source of instability and division not only for Spain but to other neighboring European countries. The Kingdom of Morocco believes in the
35 Hirak detainees, held in the Oukacha local prison in Casablanca, are still on a hunger strike. Consequently, Hirak prisoners Mohammed Jaloul and Rabii Elablaq were taken to the hospital yesterday after their health deteriorated.
SDX Energy, a British oil company operating in both Egypt and Morocco, announced on Wednesday October the 11th that it discovered natural gas at a development well located near the Sebou permit in Morocco, of which it holds a 75% interest, reports the firm today. The KSR-14 development well was dug to a total depth of 1830 meters, initial results exceeded pre-drilling estimate that work is underway to further assess the potential of the well. SDX believes that the well would be productive in
The Rabat Court of First Instance sentenced on Tuesday, Malika Mezzane, an Amazigh poet, to two months in jail for threatening to slaughter Arabs, her lawyer, Mohamed Almo told EFE news agency. He explained that Mezzane, 57, was arrested on September the 17th and was charged for «threats and discrimination». «We will appeal against the sentence with the hope that she will be found innocent», Almo told the same source. For the record, the Amazigh poet posted
Morocco is rejoiced with a 3-1 friendly win over South Korean in Biel, Switzerland, L’equipe reported on Tuesday. Oussama Tannane, an international football player who currently plays for La Liga club UD Las Palmas, managed to score twice for the Atlas Lions. Ismail El Haddad, a Moroccan footballer currently playing for Botola side Wydad Casablanca as a winger, added a third in the second half. Meanwhile, Tottenham forward, Son Heung-min scored for South Korea. The Moroccan national
Raila Odinga, a Kenyan politician who served as the 2nd Prime Minister of Kenya from 2008 to 2013, has withdrawn from the re-run of the presidential elections, Al Jazeera reports today. The decision seen as unpredictable came following the September 1st ruling pronounced by the Supreme Court which annulled the August presidential poll. «Odinga and his National Super Alliance (NASA) had pledged not to take part in the vote re-run unless reforms were made to the Independent
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