Thursday 29 September 2016
 
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Morocco

Horyou to host social innovation forum at COP22

Horyou, the social network for social good, has announced the third edition of its Social Innovation and Global Ethics Forum (SIGEF), a leading side event of COP22, the UN Climate Change Conference, which will take place in Marrakesh, Morocco in

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Mazagan Beach and Golf Resort sees spurt in Gulf visitors

Mazagan Beach and Golf Resort in Morocco saw a phenomenal growth in the number of guests from the Gulf this summer, a strong evidence of Gulf visitors’ preference for the Moroccan resort over European resorts. The summer sea

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Acwa Power plays key role at Photovoltaica

Acwa Power, a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants, played a key role at the second edition of Photovoltaica, Africa's largest international trade fair for sola

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ENBD, Moroccan bank eye Barclays Egypt unit

The sale of British bank Barclays' Egyptian business has attracted bids from the two largest banks in Morocco and the UAE, two sources familiar with the matter said on Tuesday. The UK-based lender is seeking to sell its Africa

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Morocco agrees $1.43bn for new convention centre

Morocco recently approved an allocation of MAD14 billion ($1.43 billion) for the construction of a convention centre in Agadir, a report said. The project also includes the construction of an exhibition center by 2020, added the

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AGC to set up automotive glass factory in Morocco

Japan-based Asahi Glass (AGC), a global glass manufacturing company, has revealed that AGC Automotive Europe will establish its first automotive glass factory in Africa in Kenitra, Morocco, said a report. AGC Automotive Group rece

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Millennial tourists generate over $180bn in tourism revenue

Millennial tourists generate more than $180 billion in annual tourism revenue, an increase of nearly 30 per cent since 2007, the United Nations had revealed. Highlighting this point, Mazagan Beach and Golf Resort, a leading touris

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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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