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Morocco agrees $2.4bn loan deal with IDBMorocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday. The North African country has agreed a package with the IDB under which More… |
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Maroc Telecom bidders defy unrest in $7.9bn salePolitics will play a major part in the sale of Maroc Telecom. Vivendi, the French media and telecom conglomerate, is in shrinking mode. It hasn't had any trouble drumming up interest from far-flung corners of the world for its More… |
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Morocco GDP growth slows to 2.8pc in Q4Morocco's economic growth slowed to a real, seasonally adjusted 2.8 percent year-on-year in the last quarter of 2012, from 2.9 percent in the third quarter, the country's planning agency said. The economy was hit by a 9.2 More… |
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UAE firm wins Moroccan 300MW wind farm dealUAE-based Kharabel and Moroccan firm Nareva have won a contract to develop a 300-megawatt wind farm in southern Morocco from state power utility ONE, local Les Echos newspaper reported on Wednesday. Quoting ONE's legal advisers, Cha More… |
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Saudi-led group set to win Moroccan plantA consortium led by Saudi International Company for Water and Power (Acwa) is close to win a contract worth at least $500 million to build a 160-megawatt concentrated solar power plant south of Morocco, an official source said on Wednesday. More… |
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R&M to take part in Cisco Expo 2012Reichle & De-Massari (R&M), the Swiss structured cabling specialist, announced that it will participate for the first time in the Cisco Expo 2012, a major ICT event which will be held in Morocco on March 28 and 29. “We are extremel More… |
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Morocco king names Islamist-led cabinetMorocco's King Mohammed awarded cabinet posts to moderate Islamists for the first time on Tuesday, giving the foreign, justice and social affairs ministries to the party that came first in a November election. More… |
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Morocco economy ‘may grow 5.2pc in 2012'Morocco said it expects its economy to grow by between 4.7 and 5.2 per cent in 2012, near forecasts for 2011, on the assumption of an oil price 33 per cent above the basis for this year's budget. In remarks carried by the official MAP More… |
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78 killed in Moroccan military plane crashAt least 78 people were killed and three severely wounded when a Moroccan military transport aircraft crashed on Tuesday in the south of the country, the army said. It did not say how many passengers were on board the C-130 Hercu More… |
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Morocco suspends Al Jazeera TVMorocco has suspended the operations of Qatar-based Al Jazeera TV news channel and withdrawn the accreditations of its staff, the communications ministry said. It said the sanctions followed “numerous failures in (following) the rules of s More… |
