Financing large infrastructure projects through public-private agreements and strengthening the capital of companies with equity needs, thus contributing to their development and job creation, will be the main objectives for the Strategic Investment Fund that Morocco has launched. On Tuesday, the Moroccan Minister of Economy, Finance and Reforms, Mohamed Benchaaboun, …
Read More »Not wearing a mask is a criminal offense in Morocco
Wearing a mask and social distancing are now mandatory, or face a fine. The bill imposing them, supplementing Legislative Decree No. 2.20.292, was unanimously adopted by the Moroccan parliament. Failure to comply with barrier gestures, which recently blew up contamination counters, will henceforth be punished by a fine ranging from …
Read More »Spike in coronavirus cases costs Morocco its place on EU’s safe travel list
The EU removed Morocco from a safe destination list for non-essential travel after coronavirus cases spiked in the North African country to over 30,000. Morocco was until August 7 part of the restricted number of 10 countries including Tunisia, Rwanda, Japan and New Zealand. The list serves as a guideline …
Read More »OCP celebrates its century of existence
The “Office Chérifien des Phosphates” (OCP) group celebrated its 100th anniversary on Friday, the opportunity to look back on the key moments in its history and to celebrate all those who have marked it, announces the group in a press release. A hundred years ago, in fact, the OCP was …
Read More »Morocco aims to build 50 dams by 2050
The Moroccan government plans to build 50 water reservoirs by 2050 to secure the water supply for its population. This plan is envisaged at a time when the government wxants to rationalise water consumption in the agricultural sector. At a time when the rationalisation of water consumption in the agricultural …
Read More »Morocco strengthens its military industry
The Kingdom has acquired a new legal arsenal, through a legal framework finalized and published in the Official Bulletin (adopted by the Council of Ministers and the two Chambers), relating to development, renewal, maintenance, rehabilitation and protection of its military industry (materials, defense and security equipment, arms and ammunition). This …
Read More »Government of Lebanon thanks Morocco
The Lebanese government has expressed its deep gratitude and esteem for the generous initiative of King Mohammed VI in ordering the dispatch of urgent medical and humanitarian aid after the explosion that rocked the port of Beirut. “I express, on behalf of the Lebanese government, our deep gratitude and our …
Read More »Morocco sends humanitarian and medical aid to Lebanon
King Mohammed VI has ordered humanitarian aid to be sent to Lebanon to help the country cope with the difficult situation resulting from the deadly explosions that rocked the port of Beirut, leaving several dead and injured. According to the Moroccan embassy in Lebanon, and in accordance with royal instructions, …
Read More »The state of health emergency extended until September 10
The Governing Council, meeting on Thursday, approved the extension of the state of health emergency for another month, until September 10. Initially due to end on August 10, the state of health emergency was finally renewed for another month in view of the rather worrying epidemiological situation and the numbers …
Read More »The Royal Air Maroc rescue plan
The Minister of Economy and Finance, Mohamed Benchaâboun, gave more details on Tuesday about the amount of 6 billion dirhams that the government intends to make available to Royal Air Maroc (RAM). According to the minister, the government will grant RAM 60% of the financial support intended for its rescue …
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