Power Company Taqa Morocco’s Full-Year Net Profit Doubles
Reuters Middle East Moroccan power company Taqa Morocco, owned by Abu Dhabi National Energy Co , reported 2014 net profit attributable to shareholders up 102 percent to 799 million Moroccan dirham ($83.6 million), citing production from new units. Total revenue jumped...
Morocco Aims For Half A Million Italians In 2015 Last Year 7% Increase
ANSAmed The objective of Moroccan operators, in an efficient alliance between institutional and private actors, is to bring the number of Italian tourists choosing the Kingdom for their holidays to half a million by the end of 2015. Such an important objective is not...
Orange Buying Control Of Meditel, To Be Named Orange Morocco
Telecompaper Moroccan operator Meditel is set to be majority-owned by Orange and renamed Orange Morocco, reports L'Express. Orange appointed an auditor to value Meditel ahead of its acquisition of a 9 percent stake with 10.10 percent of voting rights by exercising a...
Maroc Telecom FY Net Profit Up 5.6% To MAD 5.85 Bln
Telecompaper Maroc Telecom said its net profit for 2014 increased by 5.6 percent to MAD 5.85 billion from 2013 following an exceptional expense related to the settlement of a tax dispute in 2013. The group's customer base reached over 40 million customers by 31...
Moroccan Economy On The Right Track
Star Africa by PR Newswire The Moroccan economy is faring better due to significant progress in implementing economic reforms, but the country should sustain efforts to maintain gains and achieve higher and inclusive growth, the IMF said in its latest annual...
Embezzlement In Sahara
Huffington Post Magnus Norell The newly presented report from the EU corruption watch-dog -- OLAF -- about embezzlement of funds from the EU to Polisario, comes as no real surprise for those of us who have followed the confluence between organized crime and terrorism...
EBRD Sets Out Development Plan For Morocco
Reuters The European Bank for Reconstruction and Development laid out a four-point plan for Morocco on Monday, one of its newest investment recipients in the bank's push into Northern Africa. The EBRD gave no indication of how much money it was likely to provide but...
Morocco Invests EUR 9.2 Million To Lure French Tourists
Tourism Review Morocco is to invest 100 million dirhams (€9.2 million) to fight the negative effects of the attack against Charlie Hebdo on its tourism. "The Ministry of Tourism and the National Tourism Confederation mobilized to implement a plan of short-term actions...
Morocco Inflation Rises To 1.6 pct In January
Reuters Middle East Morocco's consumer price inflation rose to an annual 1.6 percent in January from 0.4 percent in December as food and non-food prices increased, the High Planning Authority said on Monday. Food inflation was up 2.1 percent in the 12 months through...
Morocco Sentences Former Spanish Soldier To 8 Years For Planning “Terrorist Acts”
Al Akhbar A Moroccan court sentenced a former Spanish soldier to eight years in jail Friday for heading a cell that planned to carry out "terrorist acts" in the kingdom, the state-run MAP news agency reported. Another 17 members of the group, broken up in January...