Search Site

Trends banner

Morocco

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.
  • Morocco supervisory authority approves Takaful Insurance Company

    Rabat, Morocco---A Takaful insurance company will be established in Morocco by Qatar Islamic Bank, Atlanta Insurance and Moroccan Tourism and Real Estate Loan Bank (CIH) after the Moroccan Supervisory Authority of Insurance and Social Welfare (ACAPS) approved the decision. Takaful is Sharia-compliant Islamic insurance wherein members contribute money into a pool...
  • Morocco arrests 25 more migrants after June border tragedy

    The arrests are the latest after courts handed heavy prison sentences to several dozen people, many from Sudan, on charges including entering Morocco illegally and violence against security personnel. A judicial source told AFP that 25 migrants from Sudan and Chad were detained on Sunday in the Gourougou forest
  • Moroccan dissident on new hunger strike over travel ban

    Known for his criticism of the authorities, Monjib was sentenced in January last year to 12 months in prison, after a trial opened in 2015 and was repeatedly postponed.
  • UN terms detention of Moroccan journalist “arbitrary”

    The UN experts said publishing the column was a matter of freedom of expression, and concluded that he had been "detained for peacefully exercising that right".
  • Morocco triples migrants’ jail terms over border storming

    The 18 migrants -- among more than 60 arrested following the Melilla tragedy -- had initially been sentenced to 11 months in prison.
  • Moroccan nomads’ way of life threatened by climate change

    Rainfall in Morocco is set to decline by 11 percent and average temperatures are set to rise by 1.3 percent by 2050, according to forecasts from the Ministry of Agriculture.
  • Morocco court toughens migrants’ sentences over border tragedy

    The Spanish enclaves of Melilla and Ceuta have long been a magnet for people fleeing violence and poverty across Africa and seeking refuge via the continent's only land borders with the EU. Since the June 24 incident, dozens of mostly Sudanese migrants have been sentenced to prison terms ranging from...
  • Morocco tells Adidas to withdraw Algeria jersey design

    Taking offense at what it calls "cultural appropriation", Morocco has asked Adidas to cancel newly designed footfall tops for Algeria. A lawyer for Morocco has demanded the withdrawal within two weeks of the Algerian sports top it claimed was "inspired by the art" of Moroccan zellige.
  • 19 dead in Morocco after drinking toxic alcohol

    Police arrested a 48-year-old suspect in connection with the incident, the Directorate General of National Security (DGSN) said in a statement. The victims are thought to have consumed the toxic alcohol in the suspect's store, where investigators later found nearly 50 litres of the liquid, media reports said. Moroccan law...
  • Freed Moroccan prisoner of war speaks of Ukraine struggle

    A Moroccan prisoner of war released as part of an exchange between Moscow and Kyiv said he wanted to draw attention to the "struggle" of Ukraine as he returned home.
  • Morocco court sentences 12 migrants to jail over violence

    Nearly three months after the border tragedy in which two dozen migrants died, a Moroccan appeals court has sentenced 12 Sudanese migrants to three years in jail over violence. Some 2,000 people, many of them Sudanese, stormed the frontier on June 24 in an attempt to reach Spanish territory.
  • Morocco, Nigeria agree on project to pipe gas to W.Africa and Europe

    The agreement to go ahead with the Nigeria-Morocco Gas Pipeline project was inked in Rabat by the two countries and the Economic Community of West Africa (ECOWAS), a joint statement said. The 5,600 kilometre (nearly 3,500 mile) pipeline would traverse 13 African countries along the Atlantic coast.
  • Polisario warns Africa auto rally against crossing W. Sahara

    The organisers had announced the October 15-30 auto rally would cross through Moroccan-controlled areas of the North African territory. A swathe of mineral-rich desert on Africa's Atlantic coast, the former Spanish colony is disputed between Morocco and the Algeria-backed Polisario, which claims it as the Sahrawi Arab Republic.
  • Dozens protest in Morocco after Israeli envoy recalled

    Around 100 people chanted slogans against the rapprochement between Morocco and Israel, criticising its ambassador David Govrin and Moroccan Foreign Minister Nasser Bourita. Israeli public broadcaster Kan reported Monday that a foreign ministry delegation had been dispatched to Rabat, following sexual abuse allegations against envoy Govrin.
  • UN envoy Staffan de Mistura meets with Polisario Front in Algeria

    The Algerian-backed Polisario Front wants an independent state in the Western Sahara, a vast stretch of mineral-rich desert which Morocco sees as a sovereign part of its own territory.
  • Tunisia recalls Morocco envoy in W. Sahara row

    Tunisia said Saturday it would recall its ambassador from Morocco for consultations, a day after the kingdom did the same in response to Tunisia's president hosting the Polisario movement's head. The Polisario wants an independent state in Western Sahara, a stretch of mineral-rich desert which Morocco sees as a part...
  • Morocco fumes at Tunisia, recalls envoy over Polisario meeting

    Morocco has taken offense at the hosting of the head of the Polisario movement by Tunisia’s president and recalled its ambassador in Tunis. The Polisario wants an independent state in the Western Sahara, a large mineral-rich area Morocco sees as a sovereign part of its country.
  • Most Arab clubs play hard to score financial surplus

    Only five football clubs in the region — Al-Fateh, Al-Hilal and Al-Faisali of Saudi Arabia, as well as Morocco's Al-Wydad and Nahdet Berkane —have reported budgetary excess.
  • Morocco king calls on allies to back country on W. Sahara

    King Mohammed VI asked allies to "clarify their stance" on the matter, without specifying which countries he was addressing, although he saluted the United States' "incontrovertible" position. The former US President Donald Trump recognized Morocco's sovereignty over the disputed former Spanish colony.
  • Morocco bus crash leaves 23 dead, scores injured

    An average of 3,500 deaths and 12,000 injuries have been recorded annually in Morocco, according to the National Road Safety Agency, with an average of 10 deaths per day.
  • Droughts exact heavy cost on Morocco

    Water shortage has dealt a crippling blow to farming in the North African country as successive droughts exact a heavy economic cost.
  • Jordan, Morocco to launch hospitality training facility

    A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership between the two countries, Moroccan Ambassador Sidi Muhammad Khaled Al-Nasiri announced on Saturday.
  • Worst drought in 4 decades parches Morocco’s farmland

    No longer having access to potable running water, the villagers of Ouled Essi Masseoud rely solely on sporadic supplies in public fountains and from private wells. The situation is critical, given the village's position in the agricultural province of Settat, near the Oum Errabia River and the Al Massira Dam,...
  • As fuel prices soar, Morocco’s billionaire petro-PM faces heat

    Morocco's Prime Minister Aziz Akhannouch, a billionaire petrol baron, is facing a growing online campaign demanding he step down as fuel prices -- and energy firms' profits -- surge. The government of the North African kingdom, which is heavily reliant on oil imports, insists it is doing its best to...
  • King of Morocco extends olive branch to Algeria

    Morocco's King Mohammed VI used an address on Saturday to "once again" reiterate his openness to restoring ties with Algeria, which broke off diplomatic relations with Rabat last year.
  • Rights group condemns Morocco’s ‘manual’ of press repression

    The New York-based group presented the findings in a 141-page report focusing on eight journalists and public figures.
  • Morocco, Israel sign legal deal as cooperation expands

    Morocco and Israel added legal links to a growing list of cooperation accords since they normalized relations in 2020, during a visit Tuesday by Israeli Justice Minister Gideon Saar. He signed a judicial accord in Rabat with his Moroccan counterpart Abdellatif Ouahbi. A joint statement said the two countries would...
  • US seeks billions in Africa investment: aid agency chief

    Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business summit that began in Morocco on Wednesday told AFP. Alice Albright, chief executive of US development agency Millennium Challenge Corporation, said Washington "is seeking to catalyze billions of dollars in...
  • Morocco, Israel strengthen military links as army chief visits kingdom

    Israeli army chief Aviv Kohavi, who arrived Monday, met with the Inspector General of the Royal Armed Forces Belkhir El Farouk, an Israeli army statement said.
  • Israeli army chief makes first Morocco visit

    Israel's army chief arrived in Morocco on Monday for meetings with senior defence officials, military sources said, as cooperation between the countries expands following a normalisation of ties. Aviv Kohavi's three-day trip is the first official visit of an Israeli army chief to the North African kingdom.
  • Morocco sex abuse case against French tycoon deepens

    Morocco has detained a seventh suspect in a sexual abuse and trafficking case against French insurance tycoon Jacques Bouthier, while a seventh woman has lodged a case against him, lawyers said Saturday.
  • King Mohammed authorizes reorganization of Morocco’s Jewish organisations

    Morocco's King Mohammed VI has authorised a reorganisation of the country's Jewish community, a "component" of national culture in the North African country, according to the royal palace. The measures were presented to a council of ministers meeting attended on Wednesday by the country's monarch and crown prince, at Rabat's...
  • Melilla migrants likely died of ‘suffocation’: Moroccan probe

    At least 23 migrants who died last month in a mass attempt to enter the Spanish enclave of Melilla from Morocco likely "suffocated", Morocco's state-backed CNDH rights group said on Wednesday. The death toll after around 2,000 people, many from Sudan, stormed the frontier on June 24 was the worst...
  • Morocco urges return to W. Sahara roundtable talks

    Morocco called Tuesday for a return to regional roundtable talks on a peace deal over the Western Sahara, a format rejected by neighbouring Algeria which says it masks the nature of the conflict. Morocco's top diplomat Nasser Bourita made the comments in a statement after a meeting with United Nations...
  • Morocco puts migrants on trial for attempt to cross into Spain

    The trial of 36 migrants accused of "illegally entering" Morocco started Monday but was immediately halted, lawyers said, days after a mass attempt to cross into a Spanish enclave.
  • UN envoy cancels Western Sahara trip

    The United Nations envoy for Western Sahara, Staffan de Mistura, was on a visit to Morocco on Monday but has cancelled a planned trip to the disputed territory itself, the UN said. Staffan de Mistura was "in Rabat to meet with Moroccan officials", spokesman Stephane Dujarric told journalists in New...
  • AU urges probe into deaths of Africans at Spain-Morocco border

    The African Union Commission chief has voiced his shock at the "violent and degrading" treatment of African migrants trying to cross from Morocco into Spain after 23 people died, and called for an investigation in the incident. About 2,000 migrants stormed the heavily-fortified border between the Moroccan region of Nador...
  • Israeli interior minister visits Morocco as cooperation grows

    Israeli Interior Minister Ayelet Shaked arrived Monday in Morocco for a string of meetings with officials, a diplomatic source said, as cooperation grows between the two countries after they mended ties. Shaked is the fourth Israeli minister to visit the North African kingdom since the two countries re-established ties in...
  • Fuel prices hit record highs in Morocco

    Petrol prices rose to record highs in Morocco on Thursday, fuelling anger among unions who demanded the government of energy tycoon Aziz Akhannouch act to protect consumers. Drivers in Morocco, which relies heavily on imported oil products whose prices have soared since Russia's invasion of Ukraine, must now pay 18...
  • Morocco and Israel face off in women basketball ‘friendly’ game

    The Moroccan women's basketball team hosted their Israeli counterparts for the first time on Wednesday in a quiet slice of sporting diplomacy played out in front of invited guests only. The friendly game, a first in the framework of sports cooperation since the normalization of ties between the two countries...
  • Jordan’s FDI in 2021 reaches $622million, Arab region’s $53 billion

    The Foreign Direct Investment (FDI) in Jordan amounted to $622 million in 2021, constituting 1.2 percent of the Arab region's total FDI. The Arab Investment and Export Credit Guarantee Corporation (Dhaman) issued data Tuesday which confirmed this. The Arab region's FDI in 2021 went up by 42 percent to $53...
  • Morocco ban passengers on Covid-hit liner

    Morocco has refused entry to passengers on a German cruise liner after some tested positive for Covid-19, Moroccan media reported Wednesday. The Mein Schiff Herz, owned by German tourism giant TUI and capable of carrying 1,900 passengers plus crew, had been meant to dock in Tangiers on the Gibraltar Straits...
  • Huge Europe-Morocco migration begins after Covid hiatus

    Morocco on Sunday begins welcoming an influx of its citizens living in Europe after the pandemic led to a halt in what has been called one of the world's biggest cross-continental migrations. The last such effort in the summer of 2019 saw 3.3 million people and more than three quarters...
  • Morocco launches agency to regulate medicinal cannabis

    Morocco's national regulatory agency overseeing the use of cannabis for medical use met for the first time Thursday in one of the last steps before legalisation in the world's top cannabis-resin producer. The North African nation adopted a law in 2021 provisionally authorising the legal uses of cannabis for medical,...
  • Morocco battles effects of climate change

    A withering drought and poor harvests plus price hikes fueled by the war in Ukraine are threatening Morocco's fragile economic recovery.
  • Morocco, Spain reopen borders after two-year closure

    The gates opened shortly after 11:00 pm local time (2200 GMT) on Monday night, letting dozens of cars and queues of pedestrians pass in both directions.
  • Spain, Morocco agree to reopen enclave land borders

    The move helps draw a line under a major diplomatic standoff on the back of coronavirus restrictions that together closed the crossings for two years.
  • More than 40 migrants drown off Western Sahara: charity

    At least 44 migrants drowned on Sunday when their boat capsized off the coast of the Western Sahara, migrant aid agency Caminando Fronteras said. Twelve others survived the tragedy, which happened when the boat sunk off the coast of Cap Boujdour, the agency's Helena Maleno tweeted. The bodies of seven...
  • Morocco, Spain agree to bolster migration cooperation

    Morocco and Spain on Friday committed to strengthening cooperation on irregular migration following a reset in relations after a months-long rift. "Faced with the shared challenges leading from the action of migrant trafficking networks and the unstable regional environment, the two parties decided to strengthen their coordination and information exchange...
  • Nigeria says seeking funding for gas pipeline to Morocco

    Nigeria and Morocco are still securing funding for a huge pipeline project that aims to carry Nigeria's gas to North Africa and onto European markets, the country's petroleum minister said on Monday. Africa's gas supplies are increasingly in the spotlight as the European Union looks to wean itself off Russia's...