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2015 Appropriation Draft Bill Is Not An Austerity Budget: Finance Minister

Rabat - The appropriation draft bill for 2015 is not an austerity budget and does not include any cuts or new taxes, said Thursday in Rabat Minister of Economy and Finance Mohamed Boussaid. "The 2015 finance draft bill is not an austerity budget and does not provides for new taxes or cuts," Boussaid told journalists at a press briefing dedicated to the presentation of the draft bill. On the contrary, added ...

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Joban Cosmetics Launches their Natural Anti-Aging Skin Care Line

New York - Joban Cosmetics, Inc, the nation’s natural skin care company, announced the launch of an all-natural anti-aging skin care line. To start the line will feature a day cream, a night cream and an eye serum. “Many people are understanding how important it is use natural products on their skin”, Joban’s Creative Director Raveena Kaur told MWN. “We felt there was a niche for a natural anti-aging skin c ...

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Morocco’s AMDI and Chinese Foreign Investment Development Agency sign MoU

Beijing  - The Moroccan Investment Development Agency (AMDI) and the Chinese Foreign Investment Development Agency signed, on Thursday in Beijing, a memorandum of understanding to foster partnership on investment.  Inked by AMDI interim director Ali El Yaacoubi and secretary general of the Chinese agency Hu Weiping, in the presence of Morocco's ambassador to China Jaafar Hakim Laalaj, the agreement is meant ...

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Morocco, FAO sign two agreements in agricultural sector

Rabat  - Morocco and the UN Food and Agriculture Organization (FAO) signed Wednesday in Khemisset two agreements in the agricultural sector.  Signed by Agriculture and Marine Fisheries minister Aziz Akhannouch and the FOA representative in Morocco Michael George Hage on the sidelines of the world food Day, the first agreement is aimed at strengthening national capacities for assessing climate change economi ...

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Morocco awarded two prizes by World Finance

London- The financial magazine "World Finance" awarded Morocco two prizes of excellence for the Wessal Capital initiative. They are the 2014 "Social Deal" for the Wessal Casablanca port project and the 2014 "Sovereign Wealth Fund Deal" for the Moroccan Fund for Tourism Development (FMDT). The prizes were handed to economy minister Mohamed Boussaid on the sidelines of the Conference on Investment in Morocco, ...

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London stock exchange and Morocco’s Maroclear sign cooperation agreement

London - London stock exchange group (LSEG) and Maroclear, Morocco's central securities depositary, signed, on Wednesday in London, a cooperation agreement to expand LSEG services to the Moroccan stock market's affiliated members. The agreement was inked by LSEG Chief Executive Xavier Rolet and CEO of Maroclear Fethia Bennis, in the presence of minister delegate to the minister of industry, trade, investmen ...

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Morocco’s head of CGEM joins US Initiative for Global Development

New York - President of employers' association (CGEM) Miriem Bensalah-Chaqroun was appointed, Tuesday in New York, as a member of the board of directors of U.S. NGO "Initiative for Global Development" (IGD). Bensalah-Chaqroun is the first Arab-African woman to sit, along with 4 other new members, in the board which brings together 10 CEOs of leading African and American groups. The announcement was made by ...

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Morocco, ‘important, very reliable’ partner for Germany: German official

Rabat - Morocco is an "important and very reliable" partner for Germany, said Tuesday in Rabat, Thomas Silberhorn, Parliamentary State Secretary to the Federal minister for Economic Cooperation and Development. "Morocco is an important and reliable partner for Germany. ( ... ) Recently, we successfully wrapped up our intergovernmental negotiations," Silberhorn told journalists following a meeting with the m ...

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Enterprise Development, Improvement of Business Climate Are Key Priorities: Head of Govt.

Casablanca - Morocco’s head of government Abdelilah Benkirane said Monday in Casablanca that enterprise development of and improvement of business climate are among top priorities for his cabinet. Benkirane, who was speaking during a meeting under the theme "Enterprise at the Heart of the Government's Strategy", said "in order to meet those priorities Morocco needs to engage major reforms in the fields of j ...

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Economy minister presents broad lines of 2015 appropriation draft bill to Parliament

Rabat - Morocco's Minister of Economy Mohammed Boussaid presented, on Monday before the two houses of parliament, the broad lines of the 2015 appropriation draft bill. The draft bill forecast for achieving in 2015 a GDP growth rate of 4.4% on the basis of a 4.3% budget deficit of GDP and a 9% rise of investment expenses to reach 54 billion dirhams. The draft bill, elaborated pursuant to Royal Instructions a ...

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Genel, partners make oil discovery off Morocco

LONDON (Reuters) - Genel Energy and two partner firms said on Monday they had discovered oil off Morocco, giving a boost to the region whose oil and gas drilling results have so far been mixed. Genel's minority partners in the Sidi Moussa-1 well, Serica Energy and San Leon, announced they had drilled nearly 3,000 metres below the sea and encountered oil. "We are at a very early stage and the presence of hyd ...

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Morocco’s growth to reach 4.4 % in 2015: Minister

Rabat - Morocco's economy growth rate is expected to reach 4.4 % in 2015, the minister delegate for the Budget Idriss Azami Al Idrissi said Sunday. Al Idrissi, who was speaking at meeting on "Issues and Challenges of the National Economy", said that the targeted rate is based on an average oil price of $ 103/barrel and a 4.3 % budget deficit. In 2015, the government will focus on boosting growth and support ...

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