Morocco Interested in Using Nuclear Energy: IAEA

Rabat - On Monday, a UN nuclear organization, the International Atomic Energy Agency (IAEA) informed that several African countries are considering using nuclear power, including Morocco. Last Saturday during a visit to Nairobi, IAEA Senior Advisor for Policy and Strategy, Anne Starz said nuclear energy is an “obvious attraction for African countries that are keen to develop reliable sources of power to enh ...

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The United Arab Emirates Seek to Attract Moroccan Tourists

Taroudante - Abu Dhabi, United Arab Emirates, seeks to attract more tourists from Morocco according to a delegation of travel industry leaders. According to TCA Abu Dhabi “Morocco sits in 24th place on the leaderboard of overseas markets for Abu Dhabi, attracting 18,555 visitors in 2014, 40% higher than in 2013.” In 2014, the emirate logged a total of 64,634 guest nights for Moroccans, with an average stay ...

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Over 800,000 Moroccans Are Drug Addicts

Rabat - A new survey by the National Observatory of Drugs and Addictions revealed that average of drug-addicts in Morocco in 2015, excluding tobacco, is estimated between 4 and 5% of the adult population, which is a minimum of 800,000 users. The survey noted that 95% of drug users in Morocco are cannabis smokers (almost 750,000 people) while between 50,000 and 70,000 Moroccans are heavy alcohol drinkers. Th ...

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Morocco: Tourism Revenues Increased by 16 Percent in July

Rabat - After recording a drop in the first quarter of 2015, the income of the tourism sector in Morocco rebounded, with revenues figures increasing in July by 16 percent, according to the latest figures from the Ministry of Tourism. Despite afall of 1.1 percent in the first five months of 2015, the number of tourists who visited the Kingdom of Morocco increased by 15 percent in July, the report said. The r ...

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Oil Company SAMIR Accused of Smuggling Oil Outside Morocco

Fez - The problems of oil company SAMIR seem endless. Following a scandal over unpaid taxes, now a high-ranking Moroccan official has accused the CEO of the company, Saudi billionaire Mohamed Houssein El Amoudi, of smuggling fuel outside the country without paying taxes to the Moroccan state. Acording to Moroccan news website Hespress, the official, who asked not to be named, claimed that SAMIR smuggles one ...

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Morocco: Circle Oil Abandons Second Well in One Month Over Disappointing Results

Rabat - After abandoning the NFA-1 well located in Lalla Mimouna earlier this month, Irish energy company Circle Oil announced on Wednesday that it has plugged and abandoned the Ksiri South (KSS-A) exploration well on the Sebou permit in Morocco. In a press release, the Limerick-based company said the KSS-A well encountered unexpected rock composition, and as a result was plugged and abandoned in order to a ...

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Number of Tourist Arrivals in Morocco Drops 2.9% in First Quarter of 2015

By Yasyn Mouhir Marrakech - According to the Directorate of Studies and Financial Projections of the Ministry of Economy and Finance, approximately 4.3 million tourists visited Morocco during the first quarter of 2015, a drop of 2.9 percent from the same period in 2014. The Directorate published a memorandum about Morocco’s economic status in August 2015. It showed that the decline in the number of French t ...

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Morocco’s Strategic Plan to Create New Jobs

Miami - Late in 2014 Bloomberg TV Africa’s Miranda Atty interviewed Mamoune Bouhdoud, Morocco’s Trade and Industry Delegate to discuss Morocco’s strategic economic planning for 2015. Ten months later, “Industrie Maroc” has resurfaced the video. Did the Moroccan government successfully achieve its Finance Project for 2015? You be the judge! Here are points discussed: According to financial reports, Morocco’s ...

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SAMIR Refinery’s CEO Exits Morocco Leaving Unpaid Employees

Fez- With the dispute between the government and SAMIR refinery having reached an impasse, the CEO of the company left Morocco leaving unpaid taxes and employees. SAMIR’s CEO, Saudi Arabian Mohamed Houssein El Amoudi, left Morocco on August 23 leaving 950 unpaid employees. According to Akhbar Al Yaoum, "all paper operations had been carried out so that the employees could receive their salaries, but the com ...

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Hilton Worldwide to Open Two Hotels in Tangier in 2015-2016

Rabat -Hilton Worldwide is moving forward to open two hotels in Tangier by the end of 2015 and in 2016. Media24 quoted the General Director of Hilton Garden Inn Tangier, Raouf Chadli as saying that Hilton’s first hotel will open by next December. He went on to add that Hilton will open the second hotel in June 2016. Located within Morocco’s modern business district in the heart of Tangier, the two propertie ...

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Morocco’s Third Technopark to Open By September in Tangier

Rabat - After the launch of the Technoparks in Casablanca and Rabat in 2001 and 2012 respectively, all arrangements are in place for Morocco’s third startup incubator in Tangier to open in September 2015. The Technopark of Tangier will open its doors next September and will host over 100 startups, announced Marouane Chelli, director of the Tangier Technopark in a statement. Located in the heart of Tangier a ...

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Morocco’s Exports to Africa Exceed 17 Billion Dirhams in 2014

Miami - Morocco’s global economy reports related to exports and imports for 2014 have been released in comparison to 2013 and the figures show upward trends as well as a few downward trends among the Kingdom’s trading nations. Morocco’s Trade with Africa Beginning with Morocco’s overall trade with Africa, both exports and imports show an upward trend for the fourth consecutive year. At the end of 2014, Moro ...

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