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Morocco’s Internet Population Hits 8.5 Million at End September 2014

Rabat - Morocco is now home to over 8.5 million Internet users, which represents a penetration rate of 25.6 percent. According to the latest stats from the National Telecommunications Regulatory Agency (ANRT), the overall number of Web users climbed 62.8 percent year-on-year to 8.5 million at the end of September 2014. The rapid growth in smartphone owners fuelled the use of mobile Internet, whose subscribe ...

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IEA Recommends That Morocco Increase Energy Efficiency

Rabat - The International Energy Agency (IEA) has recommended that Morocco increase its energy efficiency through clear regulations and financial incentives. In a report entitled "Thorough review of the national energy strategy," presented Friday in Rabat, the IEA also urged to maintain the recent progress in reducing fuel subsidies and optimize the use of solar energy. The document also stresses the need t ...

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Morocco: Oil Products’ Prices Down As of Nov. 1, Diesel Fuel Unchanged

Rabat - The prices of premium gasoline, fuel oil n2, fuel oil n2 ONEE and special fuel will go down starting November 1, 2014, while the price of diesel fuel will remain unchanged at MAD 9.69/litre, The ministry of General Affairs and Governance announced Tuesday. Premium gasoline will hence decrease to MAD 11.97/litter (-83 cents), while the price of fuel oil n2 ONEE will fall by MAD 626,29/ton to reach MA ...

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Tangiers’ Renault Plant Targets Production Of 180,000 Units In 2014

Paris - The Tangiers' Renault plant is planning to produce 180,000 units in 2014 and is heading to an annual rhythm of 200,000 units, said General manager of Renault-Morocco, Jacques Prost. The car-maker general manager told French weekly "L'Usine Nouvelle", the 2014 production is inferior to the plant's actual production capacity of 340,000 units annually, as a result of the European market slow growth. Pr ...

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Morocco’s Date Output Expected To Reach 92,000 Tons In 2014

Erfoud  -   Morocco expects its dates output to reach 92,000 tons in 2014, down by 12 pc compared to 2013 as a result of low rainfall, said on Thursday agriculture and sea fisheries minister, Aziz Akhannouch. However, he went on in a press briefing on the sidelines of the 5th international dates fair in Morocco (Sidattes 2014), top quality varieties destined to export will post a surplus in the 2016-2017 se ...

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Morocco Enjoys Exceptional Political, Economic Stability in Arab World: Financial Times

Rabat  -  Morocco is an exceptional case in the Arab region and investors are confident in its political and economic stability, Financial Times writes. The country’s economic and political stability – rare commodities in the region – have already brought returns, as tourists numbers were up by 7 per cent in 2013, the business daily said. Noting that investment in the automobile sector has grown, with car e ...

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Casablanca Finance City named best financial center in the MENA region

RAbat- Casablanca Finance City (CFC) received the award for best financial center in the MENA region in 2014, at the "Middle East Capital Markets Summit & Awards", held on Wednesday in Dubai. According to Ecofin, a specialized agency of economic information in key areas of African business, this award recognizes and honors the most competitive financial centers. It is a recognition that confirms "the st ...

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Moroccan Women Contribute 34.5 % To National GDP: Survey

Rabat  -  Moroccan women's contribution to national wealth creation nears 21 %, and they spend an amount of time equivalent to 34.5 % of GDP in work and housework, said the High Commissioner for Planning Ahmed Lahlimi Alami. "Women have significantly increased their presence in the workplace and reduced their household activities. The combination of these two activities reveals interesting results," Lahlimi ...

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World Bank Lauds Morocco’s Trading Across Borders Progress

Washington - The World Bank lauded, in its report "Doing Business 2015" issued on Wednesday in Washington, the progress made by Morocco in terms of trading across borders. Entitled "Doing Business 2015: Going Beyond Efficiency," the yearly report said that Morocco made trading across borders easier by reducing the number of export documents required. Globally, Morocco stands at 31 in the ranking of 189 econ ...

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Fitch Ratings Confirms Morocco’s Investment Grade With Stable Outlook

Rabat  -  ?The international rating agency "Fitch Ratings" confirmed recently the rating level "Investment Grade" attributed to Morocco with a stable outlook. According to a statement on Tuesday by the economy and finance ministry, foreign currency debt and local currency debt are granted, respectively, 'BBB-' and 'BBB' rates. The rate"F3" of the short-term debt in foreign currency and the 'BBB' sovereign r ...

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Morocco to Invest MAD 200 Billion in Energy Sector By 2020

Rabat  -  Around 200 billion dirhams will be invested by 2020 in the Moroccan energy sector and a considerable share of it will be used to strengthen electricity infrastructure, Minister of energy, mining, water and environment Abdelkader Amara announced on Tuesday. This step is meant to meet the growing energy demand which will increase from 25,000 GWT in 2008 to 70,000 GWT by 2025, said the minister who w ...

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Intangible Capital: Morocco Should Continue On Path Of Institutional Reforms: WB

Rabat - Morocco, which boasts intangible wealth waiting to be enhanced, should resolutely continue its institutional reforms, said Jean-Pierre Chauffour, Lead Country Economist for Morocco at the World Bank. The development and enhancement of its intangible wealth will enable the Kingdom to promote its economic emergence, he told on Monday daily paper "l'Economiste". These institutional reforms should focus ...

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