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Four Moroccan groups among North Africa’s top 10 enterprises in 2014

Paris - Four Moroccan groups are listed among North Africa's top ten enterprises for 2014, according to a ranking published by "Jeune Afrique" weekly published in Paris. The groups are Samir (oil refining), SNI (national investment company) OCP (phosphates) and Maroc Telecom. Samir and SNI also appear in the top 20 list of 500 best enterprises. Overall, 77 Moroccan enterprises are listed among the 500 first ...

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Aeronautics: A Boeing Leader Highlights Moroccan Market Attractiveness

Washington -  Boeing's director of supply chain management Bob Noble highlighted, in a statement to MAP on Friday, the attractiveness of the Moroccan aeronautics market. The Moroccan market stands out thanks to its sound government structural policies, infrastructure, training programs and skilled labor, said Noble who lauded Boeing's participation in the second summit of suppliers slated on April 8-9 in th ...

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7 out of 10 Working Moroccan Women Hold No Degree: Report

Casablanca- According to daily La Vie Eco, a recent report by the Higher Commission of Planning (HCP) showed that the bulk of Moroccan working women are “relatively young” and hold no diplomas. In rural areas, women aged 25 years old constitute 20% of the total number of working women, whereas in urban areas, women of the same age represent only 10%. According to the same report, 57.7% of working women in M ...

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300 Irish people worth more than Morocco’s GDP: source

  Rabat- The Irish news website Independent has recently published a news story which compares Morocco’s global gross domestic product to the wealth of Ireland's richest 300 in 2014. This week, the Independent published a list of wealthy Irish citizens. The Irish independent said Ireland's 300 wealthiest people “are now worth more than the entire economy of Morocco.” The wealthy elite have net assets o ...

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Othmane Benjelloun Heads Forbes’s List of Moroccan Billionaires

Rabat- Othman Benjelloun, owner of BMCE Bank, was ranked the richest billionaire in Morocco, followed by Miloud Chaabi, while the Minister of Agriculture and Marine Fishing, Aziz Akhenouch, occupied the third place. Through his company FinanceCom, Benjelloun, the 81-year- old businessman, has investments in banking, insurance, and telecom in Morocco. His BMCE Bank is one of Morocco's largest banks. Its acti ...

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Morocco is a hot destination for investment: Chinese ambassador

Rabat- China's ambassador to Morocco Sun Shuzhong hailed the business climate in Morocco which is favorable for investment mainly in the field of energy, mining and oil and gas exploration. Morocco is a favorable investment destination for Chinese economic operators wishing to integrate several sectors including renewable energy and oil and gas exploration, said Sun in a statement to MAP after his meeting w ...

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80% of Moroccan families can’t save money: survey

Rabat - Eight out of ten families in Morocco could not save money last year, according to a recent research made by the Higher Delegation of Planning. The Higher Delegation of Planning noted that, “83.3% of the families involved in the survey said that they don’t have the ability to save money, whereas only 16.3% said that they can.” According to Assabah newspaper in its February 11th issue, the study that ...

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Moroccan GDP grew by 4.4% in 2013: HCP

Casablanca- The Moroccan Gross Domestic Product (GDP) grew by 4.4% in 2013, against 2.7% a year earlier, said, on Wednesday in Casablanca, High Commissioner for Planning Ahmed Lahlimi Alami. This growth has resulted in nearly 84,000 jobs, he said at a press conference on the economic situation in 2013 and prospects for 2014, noting that the expected unemployment rate will be around 9.1% nationally in 2013, ...

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Moroccan Economy to Grow By 2.4 Pc In 2014: HCP

Casablanca-  The national economy is expected to grow by 2.4 pc in 2014, against 4.4 pc in 2013, said, Wednesday in Casablanca, High Commissioner for Planning, Ahmed Lahlimi Alami. This growth will help create 60,000 jobs, he said at the presentation of the "2014 Forecast  Budget",  adding that the unemployment rate is expected to reach 9.8 pc at the national level in 2014 , against 9.1 pc a year earlier.   ...

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Tangiers eyes ambitious plans to exploit choice location

TANGIERS, Morocco - With an ultramodern port, high-speed train and the biggest car plant in North Africa, Tangiers is looking to profit from its strategic location overlooking the Strait of Gibraltar and its proximity to Europe. Morocco's northernmost city, just a short boat ride from southern Spain, has always attracted foreign interest, notably in the period before independence in 1956, with its unique st ...

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Mc Donald’s to open a new restaurant in Morocco

Rabat- Mc Donald's will open a new restaurant in the city of Khouribga (100 km south of Casablanca), according to the Moroccan daily Al Akhbar. The opening ceremony will take place at the beginning of the New Year. With this new restaurant, which will be located in the center of the Phosphates city, the American franchise enhances its presence in the kingdom. Starting from next January, there will be 33 Mc ...

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Morocco Boasts Major Assets To Be An Investor In Africa: Minister

Paris- Morocco possesses major assets, stemming from its geostrategic situation, economic potential and development level, to become an investor in Africa, said on Wednesday Morocco's minister of industry, trade, investment, and numeric economy, Moulay Hafid Elalamy. "Morocco, a crossroads of civilizations and land of tolerance, possesses, thanks to its geostrategic situation, its economic potential and dev ...

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