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Hafid El Fassy is the business Editor & Comumnist . A Financial Engineer from Paris-Jussieu & Dauphine Universities, he started in Project & Trade Finance in 1993 before being a Global Emerging Markets Speculative and ALM Trader .Since 2004, he has provided business development/financing advisory for Moroccan Real Estate, Banking, Trade and Tourism projects to top tier Institutions.

Barbuda withdraws recognition of Polisario

Barbuda announced that it withdrew its recognition of the Algerian-backed Polisario separatists, six years after it decided to freeze its recognition adding another nail in the coffin of the separatists.   Barbados’s decision was announced Friday during the visit of the Caribbean island nation’s Prime Minister Mia Amor Mottley to Rabat.   Barbados’ position is […]

French PSA Group’s Ecosystem in Morocco required a €280 million investment

PSA group’s new plant in Kenitra, inaugurated Thursday, June 20 at an official ceremony chaired by King Mohammed VI, has required a €280 million investment. The PSA group’s new plant will spur the development of the Moroccan  automative sector and mirrors the excellence of the “Morocco Made”. The unit is expected to produce annually up […]

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Algeria: Former head of business council facing 18 months in prison

An Algerian prosecutor Monday demanded a court to hand 18 months in jail and around €800- fine to Ali Haddad, the former chair of the Algerian business council, arrested in March at the Tunisian border, reports say. Haddad, a business tycoon and close ally of former President Abdelaziz Bouteflika appeared in Bir Mourad Rais court, […]

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Morocco & UK, a shared determination to boost cooperation

Secretary of state for Foreign Affairs Mounia Boucetta met, on Thursday in Rabat, with British secretary of state for International Trade Liam Fox on ways to strengthen and broaden cooperation between the Kingdom of Morocco and the United Kingdom. “This meeting was an opportunity to review ways to foster the relation between Morocco and the […]

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Morocco’s King Hosts Jared Kushner, Senior US Presidential Adviser

King Mohammed VI conferred on Wednesday in Rabat with White House senior adviser Jared Kushner on ways of “strengthening further the long-standing, solid and multidimensional strategic partnership” existing between Rabat and Washington. According to MAP news agency, the Moroccan-US talks also covered latest developments in North Africa and the Middle-East region. On this occasion, the […]

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CAF removes Polisario’s name, flag from AFCON ticket website

CAF removes Polisario’s name, flag from AFCON ticket website

The African Football Confederation (CAF) has removed the name and “flag” of the self-proclaimed Sahrawi Arab Democratic Republic (SADR) from the online ticket website of 2019 Africa Cup of Nations (AFCON) to take place in Egypt as of June 21 The Moroccan football association (FRMF) alerted the AFCON organizing committee after the official website selling […]

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Morocco, Guinea sign cooperation deal in mining sector

Morocco and Guinea early this week signed a cooperation agreement in the areas of mining and geology. The agreement was initialed in Rabat by Moroccan Minister of Energy and mining Aziz Rabbah and his Guinean counterpart Abdoulaye Magassouba. The deal will pave the way for the elaboration a roadmap for cooperation in the fields of […]

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European Union calls for ceasefire in Libya

European Union calls for ceasefire in Libya

The European Union on Monday called on all warring groups in Libya to commit to a ceasefire and return to UN-led mediation. EU foreign ministers in a statement urged all parties to immediately implement a ceasefire and to engage with the United Nations to ensure a full and comprehensive cessation of hostilities. The council of […]

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IEA lauds Morocco’s energy policy

The International Energy Agency (IEA) has released an extensive report covering Morocco’s reforms aiming to promote sustainable development in the national energy sector. The report was presented in Rabat by Dr Fatih Birol, the International Energy Agency’s Executive Director, in the presence of Morocco’s Minister of Energy, Mr Aziz Rabbah. According to the in-depth review […]

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Morocco Rwanda to cooperate in nuclear safety

Morocco Rwanda to cooperate in nuclear safety

Morocco and Rwanda signed a memorandum of understanding to cooperate in fields relating to nuclear and radiological safety. The agreement was signed in Kigali last week between Morocco’s Agency for Nuclear and Radiological Safety and the Rwanda Utilities Regulatory Authority (RURA). Under the agreement the two parties shall exchange information and experiences in terms of […]

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