Archive for February, 2013

February 28, 2013

World Affairs Council highlights ‘good health’ of Moroccan economy

NewCEO of the World Affairs Council of Dallas Jim Falk highlighted, on Wednesday, the good health of the Moroccan economy within the framework of the proactive, forward-looking royal vision.

World Affairs Council of Dallas highlights ‘good health’ of Moroccan economy under King Mohammed VI’s leadership

In the Arab region which fell prey to instability, Morocco was able to persevere, under the far-sighted leadership of King Mohammed VI, on the path of fostering the bases of its economy which posted good results in the different sectors, Falk told MAP.

The head of the non-profit organization recalled the National Plan for Industrial Emergence…read more

February 28, 2013

OMV Posts 25% Jump in Libyan Oil Production

imagesThe Austrian oil and gas company OMV, which is part-owned by Abu Dhabi, posted a 25 per cent jump in revenues after reviving production in Libya that had been wiped out during the 2011 urising that ousted the Gaddafi regime from power.

Thanks to Libyan fields that had been completely shut-in for eight months during 2011 uprising getting back online, OMV’s overall oil and gas production increased by 5 per cent last year. However, it cautioned, that the security situation in Libya remained “volatile”.

Early this year, strikes in Libya also contributed to an overall drop in the country’s production…read more

February 27, 2013

World Investment Conference North Africa 2013

logoThe 1st edition of the World Investment Conference North Africa, organized in collaboration with the Moroccan Investment Development Agency (MIDA), will be held from March 20 to 22 in the city of Marrakech.

This international event will bring together business leaders, national and international investors, and personalities from the economic and political world to share and discuss investment opportunities in North Africa and the Middle East. Being in full socio-economic and political transition, the region is attracting an increasing number of investors because of its potential and development prospects...read more

February 27, 2013

Morocco, Kuwait sign framework agreement to manage $1.25 bn Kuwaiti grant

timthumb.phpA framework agreement to manage a 1.25 billion dollar-grant by Kuwait was signed, Thursday in Rabat, by Economy Minister Nizar Baraka and managing director of the Kuwaiti Fund For Arab Economic Development Abdelwahab Ahmad Al Badr.

Speaking on this occasion, Baraka said this donation is part of the strategic partnership between Morocco and the countries of the Gulf Cooperation Council (GCC), which has set the objective of promoting Morocco’s development…read more

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