African Development Bank (AfDB), the supranational development finance institution headquartered in Abidjan, Côte d’Ivoire, has contributed to the financing of Morocco’s water sector by securing installation and providing drinking water to residents of several cities in the Kingdom, Business Standard reports. The AfDB has financed a set of programs that «improved the water supply and distribution systems in 30 Moroccan cities (more than 2/3 of the country's
The World Bank will give Morocco around USD 350 million to initiate reforms in the local financial sector, reports a communiqué released on Tuesday. This loan would give small and medium companies a chance to benefit from a new set of financial recourses. It will also improve banking supervision and boost the development of the capital markets. In addition, small firms, and more generally the real economy, will ultimately have access to new financing solutions. In the long run,
Living the American dream has always been a hit or miss attempt for Moroccans, applying for the Green Card lottery as one of the notorious visa programs in Morocco. It is still providing the chance for Moroccans to step on the U.S territory and live in the land of opportunities.
The Dutch professional footballer of Moroccan descent, Mamoun Mahi (23 years old) will in the upcoming days join the Moroccan national team, Afrik Foot reports. Mahi has received a invitation to be part of the team in the coming games, confirms Hans Nijland, head of the FC Groningen, where the 23-year-old footballer plays currently. After granting his team a fruitful season with 17 goals in the Championship, Mahi will debut his career with the Atlas Lions by playing against the
The international day against homophobia is an opportunity to give an overview about the situation of LGBT communities in Morocco. In a report released by ILGA, the international federation highlights the sexual orientation laws in the Kingdom just a few days after Mustapha Ramid, the Minister of State for Human Rights, latest declaration.
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
The Moroccan and the Jordanian monarchies have been perceived differently when compared to the other Arab kingdoms. «Moderate, Western-oriented and reform-minded», the Washington Post argues that the two regimes are not ready for democracy.
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
It has been proven that stress can affect productivity, especially in the workplace where it is highly valuable to the health and stamina of the enterprise. Solutions have been sought to overcome this issue and help employees enjoy their jobs more.
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