Sound Oil To Start Diligence Work On Second Morocco Asset
Philip Whiterow Sound is looking to buy a company that owns a 25% working interest in the Sidi Moktar licence. Sound Oil (LON:SOU) has been granted a two month exclusive period over another asset in Morocco. Maghreb Petroleum has given Sound Oil that amount of time to...
Sound Oil Says Drill Preparations In Morocco Are At Advanced Stage
Proactive Investors Nervesa is due to start production later this year. Sound Oil (LON:SOU) said preparations for a well at the Tendrara project, onshore Morocco, are now at an advanced stage. Ahead of drilling operations an office has been opened and an in-country...
Morocco’s Attijariwafa Bank H1 Net Profit Rises 2.2 Pct
Reuters Attijariwafa Bank, one of Morocco's biggest lenders, on Tuesday reported a 2.2 percent rise in first-half net profit attributable to shareholders of 2.3 billion Moroccan dirham ($237 million). Net banking income was steady at 9.8 billion dirhams but income...
ContiTech Starts To Build Belt Plant In Morocco
European Rubber Journal by Shahrzad Pourriahi ContiTech A.G., a subsidiary of the Continental Corp., has started the construction of a new conveyor belt production facility in Morocco. According to a company news release, the plant, part of ContiTech Conveyor Belt...
Uneasy Calm Descends Over Melilla, Spain’s Heavily Fortified African Enclave
The Guardian Sandrine Morel Fewer people are scaling the triple layer of barbed wire, but numbers reaching the Spanish territory on the coast of north Africa are rising. The attempts on the fences have stopped. Gone are the pictures of people straddling the wire and...
Morocco’s Wafa Assurances First-half Profit 479 Mln Dirhams
Reuters by Aziz el Yaakoubi Morocco's biggest insurer, Wafa Assurances on Tuesday reported a profit of 479 million dirhams ($49.36 million) in the first half of 2015, unchanged from the same period a year earlier. The company said revenues rose 6.4 percent to 3.4...
Islamists Dominate Cities In Morocco Local Elections
Associated Press by Paul Schemm Morocco's Islamist party dominated this North African kingdom's urban areas in local elections, but trailed in total seats behind two parties with strong backing in the countryside, according to final results announced Saturday. The...
Morocco: When Local Democracy Triumphs – OpEd
Eurasia Review By Said Temsamani On September 4, Moroccans went to the polls to vote in local elections, seen as a serious test of the popularity of the coalition government led by Abdelilah Benkirane, head of the Justice and Development Party (PJD), a year ahead of a...
Ban Appoints Pakistan National As Force Commander Of UN Western Sahara Mission
NewKerala.com Secretary-General Ban Ki-moon announced on Friday the appointment of Major General Muhammad Tayyab Azam of Pakistan as the Force Commander of the United Nations Mission for the Referendum in Western Sahara (MINURSO).
Morocco’s Islamists Win Key Urban Posts In Local Election
Reuters By Aziz El Yaakoubi Morocco's ruling Islamist party won most of the country's key cities during Friday's local elections, further expanding its reach after four years of leading a coalition government that undertook major fiscal reforms. The Justice and...