Sunday 31 July 2016
 
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Morocco

Maroc Telecom H1 net profit rises 3.2pc

Maroc Telecom, Morocco's largest telecom operator, said on Monday its first-half net profit rose 3.2 per cent to MD2.92 billion ($296.59 million), boosted by growth in Sub Saharan Africa. The company, controlled by UAE's E

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$3.5bn IMF aid for Morocco

The Executive Board of the International Monetary Fund (IMF) has approved a $3.47 billion aid for Morocco. The two-year arrangement will be under the precautionary and liquidity line (PLL) for SDR 2.504 billion (about $3.47 billio

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Banyan Tree opens first resort in Morocco

Luxury hotel group Banyan Tree has unveiled plans to open its first resort in Morocco this September. Opening on September 1, Banyan Tree Tamouda Bay will be Morocco’s first all-inclusive pool villa resort and first destinat

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Acwa to start work on Morocco wind power project

Acwa Power, a leading private power and water project developer in the Gulf region, said one of its companies is all set to start the construction of a major wind power project in the north of Morocco. Formerly known as UPC Renewables,

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Qatar Airways launches new Marrakech route

Qatar Airways has added the tourist favourite Marrakech to its global route map with the airline’s inaugural flight landing at Marrakech Menara Airport on July 1. On board flight QR1395 was a Qatar Airways delegation lead by

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Engie plans to set up energy projects in Morocco

France-based Engie, a leading electric utility company, in collaboration with Morocco’s Nereva Holding, an energy company, plans to set up renewable energy projects in North Africa, said a report. The companies will develop

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Engie plans to set up energy projects in Morocco

France-based Engie, a leading electric utility company, in collaboration with Morocco’s Nereva Holding, an energy company, plans to set up renewable energy projects in North Africa, said a report. The companies will develop

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Morocco to launch Islamic banking operations in 2017

Morocco's central bank said it would start issuing approvals for Islamic banks this year, with the aim of allowing them to begin business in early 2017. Islamic banks and insurers are setting up in Morocco after it adopted leg

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Morocco sells 40pc stake in port operator in IPO

The Moroccan government raised 1.94 billion dirhams ($197 million) by selling a 40 per cent stake in state-owned port operator Marsa Maroc in the country's first initial public offering this year, traders said on Monday. Marsa

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Siemens to provide turbines for Morocco's solar project

Siemens, a globally operating technology company, has agreed to provide three steam turbines for the Noor II and III solar power plants in Morocco by the end of 2016, said a report. The Noor Solar Complex in Ouarzazate will be the

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