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Morocco to tender for 2 solar plants by Sept

Morocco will launch tenders by the end of September for construction of two concentrated solar power plants of 200 megawatts and 100 MW near the southern city of Ouarzazate, government and banking sources said. Saudi Arabia's

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IDB backs Morocco's first sukuk

Morocco has won backing from the Saudi-based Islamic Development Bank for its first sukuk as the North African country looks to attract Middle Eastern investors. "The Islamic Development Bank has proposed us to buy our sukuk

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Morocco agrees $2.4bn loan deal with IDB

Morocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday. The North African country has agreed a package with the IDB under which

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Maroc Telecom bidders defy unrest in $7.9bn sale

Politics will play a major part in the sale of Maroc Telecom. Vivendi, the French media and telecom conglomerate, is in shrinking mode. It hasn't had any trouble drumming up interest from far-flung corners of the world for its

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Morocco GDP growth slows to 2.8pc in Q4

Morocco's economic growth slowed to a real, seasonally adjusted 2.8 percent year-on-year in the last quarter of 2012, from 2.9 percent in the third quarter, the country's planning agency said. The economy was hit by a 9.2

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UAE firm wins Moroccan 300MW wind farm deal

UAE-based Kharabel and Moroccan firm Nareva have won a contract to develop a 300-megawatt wind farm in southern Morocco from state power utility ONE, local Les Echos newspaper reported on Wednesday. Quoting ONE's legal advisers, Cha

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Saudi-led group set to win Moroccan plant

A consortium led by Saudi International Company for Water and Power (Acwa) is close to win a contract worth at least $500 million to build a 160-megawatt concentrated solar power plant south of Morocco, an official source said on Wednesday.

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R&M to take part in Cisco Expo 2012

Reichle & De-Massari (R&M), the Swiss structured cabling specialist, announced that it will participate for the first time in the Cisco Expo 2012, a major ICT event which will be held in Morocco on March 28 and 29. “We are extremel

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Morocco king names Islamist-led cabinet

Morocco's King Mohammed awarded cabinet posts to moderate Islamists for the first time on Tuesday, giving the foreign, justice and social affairs ministries to the party that came first in a November election.     

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Morocco economy ‘may grow 5.2pc in 2012'

Morocco said it expects its economy to grow by between 4.7 and 5.2 per cent in 2012, near forecasts for 2011, on the assumption of an oil price 33 per cent above the basis for this year's budget. In remarks carried by the official MAP

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