Saudi Arabia and Morocco have signed an aid agreement worth $230 million, the Moroccan finance ministry said on Wednesday, part of a five-year package of financial assistance extended by wealthy Gulf states.
Four Gulf states - Qat
A leading Moroccan businessman plans to build a 200-m-tower in a strategic area near the Bou Regreg River, which runs into the Atlantic Ocean between the capital city of Rabat and Salé, said a report.
Othman Benjelloune, wh
Etihad Airways, the national airline of the United Arab Emirates, has launched flights from Abu Dhabi to its second Moroccan destination with scheduled services to Rabat.
The inaugural flight touched down at Rabat-Sale Internation
Etihad Airways, the national airline of the UAE, is increasing its presence in Morocco with the launch of a new twice-weekly service between Abu Dhabi and Rabat to create a direct link between the two capitals.
Scheduled to start
Morocco will launch tenders by the end of September for construction of two concentrated solar power plants of 200 megawatts and 100 MW near the southern city of Ouarzazate, government and banking sources said.
Morocco has won backing from the Saudi-based Islamic Development Bank for its first sukuk as the North African country looks to attract Middle Eastern investors.
"The Islamic Development Bank has proposed us to buy our sukuk
Morocco 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
Politics 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
Morocco'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
UAE-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