Carmakers Drive Northern Morocco’s Manufacturing Industry
Financial Times www.ft.com Heba Saleh A special train takes cars assembled in Renault’s factory in northern Morocco to Tanger-Med port, half an hour away. It is then a short trip on a car carrier to the European markets where they are sold. The plant, which produced...
Growth Slows For Morocco’s Outsourcing Industry
Financial Times www.ft.com Heba Saleh Kinza Malih, an employee at a call-centre in Casablanca, Morocco’s economic capital, puts on headphones and prepares to call a list of people whom she describes as “VIP clients” in France. Identifying herself as “Caterine” — a...
U.S., Morocco Improve Demining Capability, Work On Center Of Excellence
Marines.mil Press release (U.S. Marine Corps photo by Cpl. Olivia McDonald/Released) Students from across the Moroccan military branches are working together with U.S. Marines from Special-Purpose Marine Air-Ground Task Force Crisis Response-Africa to build up...
John Kerry Tells Morocco’s King U.S. Position On Sahara “Unchanged”
The North Africa Post US Secretary of State John Kerry has reaffirmed, in a phone talk with King Mohammed VI, that Washington’s standpoint on the Sahara issue remains unchanged. The Royal Office actually announced that King Mohammed VI has had on Wednesday talks over...
Dakhla Hosts Crans Montana Forum Dialogue
Euronews This year’s Crans Montana Forum in Dakhla in Western Sahara continues the open and constructive dialogue between senior players in global politics, economics and aims to consolidate what’s been achieved in 2015 ahead of COP 22 climate change talks in...
Hill Bags Deal To Oversee Build Of GCC-Backed, $900m Morocco Project
The National Emirates by Michael Fahy Project management firm Hill International has landed a contract to project manage the first phase of a US$900 million (Dh3.3bn) mixed-use development in Morocco’s capital city, Rabat. The firm said that the contract was awarded...
Morocco’s OCP says 2015 net profit up 58 pct
Reuters by Aziz El Yaakoubi Morocco's Office Cherifien de Phosphate (OCP), the world's leading phosphate exporter, posted a 57.8 percent rise in its 2015 net profit to 8.01 billion dirhams ($825.76 million), it said in a statement on Tuesday, thanks to higher output....
Food Prices Lift Morocco Inflation To 0.9 pct Year-on-year In February
Reuters by Aziz El Yaakoubi Morocco's annual consumer price inflation rose to 0.9 percent in February from 0.3 percent in January, mainly due to higher food prices, the High Planning Authority said on Tuesday. Food inflation rose to 1.1 percent from 0.2 percent in the...
UN Closes Military Office In Disputed Western Sahara
ABC NEWS by Edith M. Lederer, AP The United Nations said Tuesday it has closed a military liaison office in the disputed Western Sahara after Morocco gave the U.N. observers there 72 hours to leave to protest remarks by U.N. Secretary-General Ban Ki-moon. It follows...
Morocco Cuts Interest Rate For The First Time Since 2014
Bloomberg Business Ahmed Feteha, Celeste Hicks Central bank lowers 2016 GDP growth forecast to 1 percent. The Moroccan central bank cut its benchmark interest rate on Tuesday for the first time since December 2014 in an attempt to stimulate an economy hurt by weak...