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    FINANCE & ECONOMY

    January 23, 2018

    Morocco's go-it-alone news outlets feel government squeeze

    Mohamed Ezzouak, who was the child of a Moroccan factory worker in France and a stay-at-home mother, grew up craving a return to Morocco, which he left when he was two years old.

    As a young man, he landed a job"...

    January 23, 2018

    Western Mediterranean Forum Members Laud Morocco’s Proposal to Host 1st Ministerial Conference on Youth

    Participants of the Western Mediterranean Forum on Sunday welcomed Morocco’s proposal to host the 1st ministerial-level meeting of the group dedicated to the region’s youth. The proposal was announced by Morocco’s Minister of Foreign Affairs and International Cooperation, Nasser Bourita, who represented Morocco during the forum. Commonly referred to as the 5+5 Dialogue, the January 21 regional gathering was held in Algeria this year and brought together foreign ministers from 10 European, Maghreb and African nations.......

    January 23, 2018

    After French Halal Supermarket Closes for Not Selling Alcohol and Pork, Outraged Customers Protest

    After a Nanterre court ordered in early December the closure of a Halal grocery store accused by a local housing authority of “community trading” and non compliance of its lease, many of the store’s regular customers gathered on Saturday at the store to condemn the court’s decision, reported the French Newspaper Le Parisien. The housing authority had claimed in court that the contract stipulates that the shop must act as a “general food store.” “Where do we go if it closes? It’s convenient,......

    January 23, 2018

    Dirham Flexibilization: Moody’s Expect ‘No Major Depreciation’

    According to Moody’s, the dirham risks “no major currency disruptions or depreciation pressure” following the launch of the flexible exchange rate regime. In its latest analysis report, the United States-based rating agency echoed the reassurances of Bank Al Maghrib and Morocco’s Ministry of Finance. The gradual liberalization of the dirham is expected to improve Morocco’s foreign exchange reserves and its competitiveness, according to Moody’s. In a note published Monday, the rating agency’s analysis......

    January 23, 2018

    Morocco Will Not Achieve $1,000 Per Capita Income by 2030

    Unequal distribution of wealth and insufficient regional social equity make it highly unlikely that Morocco will achieve a per capita income of USD 1,000 per month by 2030, said Nizar Baraka, president of the Social Economic and Environmental Council (CESE).

    While"...

    January 23, 2018

    Morocco's king appoints five new ministers

    Morocco’s king appointed five new ministers on Monday, a government statement said, after several top officials were dismissed in October for failing to improve the economic situation in a region shaken by protests.

    King"...

    January 23, 2018

    Morocco looks to add 1.5GW renewable capacity annually

    Morocco, one of the early adopters of renewable energy in the Middle East North Africa region, will look to deploy about 1.5 gigawatts of solar and wind capacity to meet its goal of powering 42 per cent of its energy mix from non-fossil resources by 2020.

    “We"...

    January 23, 2018

    Galadari Trucks’ Second Komatsu Excavator Contest Sees Competition at Full Throttle

    The big boys and their bigger toys were back in action in Abu Dhabi last week, battling in their earthmovers to outmanoeuvre one another and win the coveted Komatsu Excavator Operator Contest 2017. The contest was organised by Komatsu’s exclusive UAE dealer Galadari"...

    January 23, 2018

    AECOM Defines Infrastructure’s Next Chapter with Launch of Its Inaugural Global Report: The Future of Infrastructure

    (AETOS Wire) -- AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, released its inaugural global research report today, The Future of Infrastructure, which harnesses survey data and opinions from more than 500 industry decision-makers"...

    January 22, 2018

    Mazagan Resort launches special spring packages

    Mazagan Beach and Golf Resort, a leading tourism destination in Morocco, is offering guests special packages and deals for the upcoming spring period.

    The luxurious resort is offering exclusive rates on accommodation, food and entertainment. With room rates starting from MAD1,980"...

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