Morocco's government launched a tender on Thursday seeking advisors for the sale of a minority stake in state-owned port operator Marsa Maroc via an initial public offering on the Casablanca stock exchange.
Marsa Maroc was est
Moroccan power firm Jorf Lasfar Energy Company, owned by Abu Dhabi National Energy Company, has raised 1.5 billion dirhams ($182 million), traders said, in one of the first share offers in Morocco in almost two years.
The sale hel
Moroccan power firm Jorf Lasfar Energy Company (JLEC), which is owned by Abu Dhabi National Energy Company (Taqa), has got the go-ahead from Moroccan market watchdog CDVM for a share sale next week to raise 1.5 billion dirham ($176 million), the
Gulf Air, Bahrain's national carrier, could soon resume direct flights to Morocco, a report said.
The airline stopped flying to the North African country six years ago, but the government is conducting a study on the feasibili
Morocco will cut its 2013 investment spending by at least 10 billion dirhams ($1.2 billion) to keep the budget deficit close to 5.5 per cent of gross domestic product as promised to international lenders, according to an official document.
Oil companies are stepping up exploration in Morocco, attracted by its stability relative to other parts of North Africa and encouraged by advances in geology and technology that indicate its potential for reserves offshore.
Morocco plans to cut spending next year to help reduce its budget deficit, the state news agency said, citing a draft of the budget, but targets only limited cuts in subsidies despite pressure from the International Monetary Fund (IMF) to do m
QPM, one of the region’s premier project management companies and the first Qatari firm in the field, has signed a collaboration agreement with the Moroccan Agency for Tourism Development (SMIT) to provide a turnkey solution for investor
UAE's leading telecom services operator Etisalat said that its exclusive talks to buy Vivendi's 53 per cent stake in Maroc Telecom have been extended to October 31.
Vivendi in July had entered into exclusive negotiations w
Mazagan Beach and Golf Resort in El Jadida (Morocco) has announced the participation of reknowned pan Arab singer Ragheb Alama in their next edition of ‘Mazagan Nights’ on October 12.
Alama's hit songs include '