March 14, 2013

Al Rajhi to Expand Agricultural Investment in Libya

showlogos.phpSulaiman Al Rajhi International Group for Commerce and Investment announced its intention to expand the base of investments in agricultural sector in Aljabal Alkhader, Libya.

The Executive Director of the Group Khalid Almilahi confirmed the determination of the Group to establish plastic farms of high quality and international standards for the production of a good variety of agricultural products.

He added: The success of the investment models (Al Rajhi) neighboring countries to stimulate the group to add other models achieve common goals and interests of the parties towards the objectives of achieving Arab food…read more

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March 8, 2013

Morocco, EU begin talks on free-trade accord

titlephotoMorocco and the European Union began discussions on Friday aimed at concluding a free-trade agreement, as EU Commission head Jose Manuel Barroso visited the country.

Such a deal “will give each better access to the other’s markets and improve the business climate in a way that will make it more predictable and stable,” Barroso said after talks with Prime Minister Abdelilah Benkirane.

“Today, we begin negotiations on a deal to ease the procedures for obtaining visas for certain categories of persons, particularly students, researchers and businessmen and women,” he said.

Barroso, who was later to meet …read more

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

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