Salwa Akhannouch Tops List of Most Powerful Moroccan Women

Rabat - Salwa Akhannouch has topped the list of the most powerful Moroccan women. Akhannouch is listed among the world's 100 most influential Arab women in the fifth edition of a ranking published by UAE website "Arabian Business." Head of Akwa Group made it to the 8th place, "and despite being born into privilege, Akhannouch decided to take the harder route to wealth and success," says the website. Salwa I ...

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Four Moroccans Among Arabian Business Magazine’s Top 100 Most Powerful Arab Women

Taroudant - The Arabian Business Magazine listed four Moroccan women on its “CEO Middle East” list of the World’s 100 Most Powerful Arab Women released on March 1. The top Moroccan woman, ranking number 8 on the list, is the CEO of Aksal Group, Salwa Idrissi Akhannouch. She is followed by the founder of Teach4Morocco, Maha Laziri (ranked at 27), sociologist Fatema Mernissi (ranked at 81) and scientist Ismah ...

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Morocco, Most Indebted Arab and African Country: McKinsey

Rabat - According to a new report by McKinsey Global Institute, Morocco is the most indebted among Arab and African countries. The kingdom's debt-to-GDP ratio stands at 136 % or an increase by 20 percentage points of GDP. Morocco is ranked 29 in the McKinsey's new report which "examines the evolution of debt across 47 countries, 22 advanced and 25 developing, and assesses the implications of higher leverage ...

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EU-Morocco Fisheries Agreement Complies With International Law: European Commission

Rabat - The fisheries agreement between the EU and Morocco is "in full compliance with international law," said Enrico Brivio, the European Commission Spokesperson for Environment, Maritime Affairs and Fisheries. "The Fisheries Partnership Agreement protocol is in full compliance with international law," Enrico Brivio told EurActiv, the leading online media on EU affairs, adding that all of the EU's agreeme ...

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Morocco Takes Part in Middle East Electricity Exhibition in Dubai

Dubai - Morocco will take part in the 40th edition of the Middle East Electricity exhibition slated for March 2-4 in Dubai. Morocco will have a stand that showcases electrical equipment and services produced in the Kingdom, Maroc Export, Morocco’s export promotion body, said in a statement. Morocco’s participation also aims at promoting exchange between Morocco’s businessmen and their counterpart from the U ...

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Oil Well Offshore Cap Boujdour, Non Commercial Discovery: Kosmos Energy

Rabat - The offshore exploitation well Cap Boujdour CB-1 will be abandoned because it has not yielded a commercial find, Morocco’s hydrocarbons and mines office (ONHYM) said on Monday. ONHYM added that in exploration off Morocco’s Atlantic coast will continue in partnership with Kosmos energy Offshore Morocco HC and Capricon Exploration and Development. The information collected from the gas exploration wel ...

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Minister Highlights in Toronto Promising Prospects of Moroccan Mining Sector

Toronto - Energy minister Abdelkader Amara highlighted, on Saturday in Toronto, the large-scale reforms and promising prospects of the Moroccan mining sector which has always been a pivotal component of the national economy. Speaking at a conference on the Moroccan mining sector, held on the sidelines of "Prospectors & Developers Association of Canada (PDAC) 2015", Amara underlined that the importance o ...

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Morocco: Oil Prices Go up Starting March 1

Rabat - The Moroccan Ministry of Corporate Affairs announced a slight increase in the prices of petroleum products starting on Sunday, March 1. According to a statement from the ministry, the price of diesel will increase by 51 cents to reach MAD 8.96 per liter, while the price of premium gasoline will increase by 34 cents, to be sold for MAD 9.88 per liter. After several months of decline, the prices at ga ...

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Morocco Earned $120 Million From Foreign Films in 2014

Rabat- 2014 was a record year for film production in Morocco with a combined budget of $120 million, according to Sarim Fassi Fihri, the general director of the Moroccan Cinematographic Centre (CCM). This figure represents a six-fold increase in comparison with 2013 when the budget of foreign films production reached $22 million. Speaking at the close of Morocco's National Film Festival in Tangiers on Satur ...

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Number of French Tourists to Morocco Decreases 60% in January 

Rabat - According to figures from the French National Union of Travel Agencies (SNAV), the number of French bookings for vacations in Morocco decreased in January by 60 percent. The figures reveal that Morocco is by far the most affected country by the general decline of French bookings. French bookings to all destinations registered a 13.7 percent decrease in January compared to the same period of last yea ...

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AfDB Praises Morocco’s Economic Performance Despite International Crisis

Rabat - Chairman of the African Development Bank (AfDB), Dr. Donald Kaberuka, on Wednesday praised the "satisfactory" economic performance of Morocco in recent years, despite the international crisis. Morocco has managed to maintain "pretty respectable" growth rates in recent years that have enabled it take up the challenges of youth employment and the diversification of its economy, he said at a press conf ...

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Morocco, Third most Attractive Touristic Brand in Africa

Rabat- Morocco maintained its 3rd place position in Africa in the fourth edition of the Bloom Consulting’s Country Brand rankings 2014/2015 tourism edition. With a slightly strong ‘A’ grade, the kingdom is ranked 31st globally in the ranking conducted by Bloom Consulting, a Spain-based consulting firm specializing in nation branding and destination branding with offices in Madrid, Lisbon and Sao Paulo. The ...

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