The moroccan press

Morocco Seeks 132,000 Tonnes Of Soft Wheat In Local Market

Western Sahara Worldnews - Thu, 03/23/2017 - 15:40

Reuters
by Samia Errazzouki

Morocco’s state grains agency ONICL launched a tender on Thursday to buy 132,000 tonnes of soft wheat in the local market, it said in a statement.

ONICL will open the bidding on April 3. The soft wheat, which can be either imported or from the local harvest, will be used to make subsidised flour, ONICL said.

(Reporting by Samia Errazzouki; editing by David Clarke)

UNWTO Welcomes Morocco As A Partner Of The International Year Of Sustainable Tourism For Development 2017

Western Sahara Worldnews - Thu, 03/23/2017 - 14:09

Hospitality.org
World Tourism Organization (WTO)

Morocco has become the latest country to join UNWTO as partner of the International Year of Sustainable Tourism for Development 2017. The commitment was delivered at the Moroccan Day of Sustainable and Responsible Tourism held on 20 March in Rabat.

Morocco has become the latest partner of the International Year of Sustainable Tourism for Development 2017.

On the occasion of the Moroccan Day of Sustainable and Responsible Tourism on 20 March, the government of Morocco committed to support the International Year and advance the promotion of the first African Charter on Sustainable and Responsible Tourism.

The African Charter on Sustainable and Responsible Tourism, signed last November in Marrakesh during the Ministerial Forum on Tourism and Climate in Africa, on the sidelines of the COP22, aims at becoming an instrumental tool for the continent to engage in sustainable tourism best practices by reconciling social and economic growth, the preservation of the environment and the respect for the cultural diversity of each country.

“The commitment of the Kingdom of Morocco with the tourism sector is remarkable, not only by joining now the International Year of Sustainable Tourism for Development, but also by other gestures done in the past such as partnering with the World Tourism Organization in promoting more responsible practices and leading the process of adoption of the African Charter” said UNWTO Secretary-General Taleb Rifai.

The United Nations 70th General Assembly has designated 2017 as the International Year of Sustainable Tourism for Development. In the context of the universal 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs), the International Year aims to support a change in policies, business practices and consumer behavior towards a more sustainable tourism sector than can contribute to the SDGs.

The IY2017 will promote tourism’s role in the following five key areas: (1) Inclusive and sustainable economic growth; (2) Social inclusiveness, employment and poverty reduction; (3) Resource efficiency, environmental protection and climate change; (4) Cultural values, diversity and heritage; and (5) Mutual understanding, peace and security.

Sound Energy Completes Drilling Of Third Tendrara Well, Onshore Morocco

Western Sahara Worldnews - Thu, 03/23/2017 - 13:52

World Oil

Sound Energy, the African and European focused upstream gas company, has announced that TE-8, the third well at the Company’s Tendrara licence (onshore Morocco), has now been drilled to a final target depth, at a measured depth (MD) of 3,120 m, corresponding to a vertical depth of 3,066 m, some 359 m into the Paleozoic formation.

As previously announced by the Company on March 15, 2017, drilling operations had earlier confirmed the presence of a TAGI sand sequence commencing at an MD of 2,643 m and that gas shows had been observed.

The Company confirms that it has observed further gas shows during subsequent drilling operations, but cautions that logging has not yet occurred and that gas shows, although a positive initial indication, should not be considered conclusive without further wireline logging and analysis.

The Company will now progress with a full data acquisition program of five wireline logging runs, including the pressure and fluids sampling acquisition, after which the results of the well will be announced.

Sound Energy Completes Drilling At Third Tendrara Well In Morocco

Western Sahara Worldnews - Thu, 03/23/2017 - 13:34

London South East
Alliance News

Upstream gas company Sound Energy PLC said Thursday it has completed drilling of a third well at its Tendrara project in Morocco, as well as reaching the second casing point of an exploratory well at its Badile prospect in Italy.

Sound Energy said it has completed the drilling of the TE-8 well at the Tendrara licence, to a target depth of 3,120 metres of measured depth. Further gas shows were observed during drilling operations, although Sound Energy noted this is only a “positive initial indication”.

The company will now begin a full data acquisition program of five wireline logging runs, including pressure and fluids sampling acquisition, before announcing the results of the well.

Sound Energy also said it has drilled its Badile exploration well to its second casing point at a measured depth of 1,407 metres, with the casing now being set and cemented. This will be followed by drilling to the third casing point at a measured depth of approximately 2,600 metres.

Shares in Sound Energy were down 1.0% at 83.90 pence Thursday.

By Adam Clark; adamclark@alliancenews.com

Copyright 2017 Alliance News Limited. All Rights Reserved.

Chinese Aerospace Firm Signs $10bn Deal To Build Tangier Tech City

Western Sahara Worldnews - Thu, 03/23/2017 - 13:33

GCR
By GCR Staff

In a bid to hasten its industrialisation by attracting Chinese investment, Morocco has signed an agreement with Chinese aerospace company Haite to build a $10bn industrial and technology city near Tangier.

Called Mohammed VI Tanger-tech in honour of Morocco’s king, the city would be a 2,000ha development housing 300,000 people, with a target of industry creating 100,000 jobs.

It would be divided into zones that specialise in aerospace, automobiles, telecoms and other sectors. The aim is to attract as many as 200 transnational corporations, many of which will be Chinese attracted to Morocco’s proximity to European markets.

Finance will be accessed over the next 10 years, and will come from Haite, Moroccan private bank BMCE and the Moroccan government.

Moulay Hafid El Alamy, Morocco’s minister for industry, said the government’s strategy was to emulate China by first becoming an industrial power before developing its scientific, technological and financial sectors, reports French-language Moroccan news site, Lesiteinfo.com.

Ilyas Omari, the chairman of the Tangier-Tetouan region, pointed out that that the city would be only 15km from Europe, and would be supported by a number of infrastructure projects, including the modern port of Tanger Med, the motorway network, a high speed train line and industrial and logistics areas, reports Moroccan news site, L’Observateur.

Othman Benjelloun, president of BMCE, said that the project will contribute to “the revival of the Silk Road, so dear to our Chinese partners and friends. This road now [goes] through Tangier and, from this blessed land, to the rest of Africa, Europe and America.”

A YouTube video of the signing ceremony can be viewed here.

Image: Morocco’s King Mohammed VI with Haite chairman Li Biao (Government of Morocco)

Moroccan Phosphate Exporter OCP Posts 53 Pct Slide In Net Profit

Western Sahara Worldnews - Thu, 03/23/2017 - 13:06

Nasdaq
Reuters
by Samia Errazzouki

Morocco’s Office Cherifien de Phosphate (OCP), the world’s leading phosphate exporter, posted a 52.8 percent fall in full-year net profit, the company said on Thursday. State-run OCP, a major foreign currency earner for Morocco, has been hit by a slide in phosphate and fertiliser prices, prompting efforts to increase production and cut costs to counter falling revenue.

Net profit fell to 3.78 billion dirhams ($379 million) in 2016 from 8.01 billion dirhams a year earlier, the company said in a statement published in Le Matin newspaper.

Consolidated revenues fell last year to 42.47 billion dirhams from 47.74 billion dirhams, company data showed. OCP is also targeting an increase in fertiliser production to 12 million tonnes to become the world’s leading producer. It recently signed a 50-50 joint-venture agreement with India’s Kribhco for a new fertilizer plant in the Indian region of Andhra Pradesh with an annual production capacity of 1.2 million tonnes.

It has also signed a deal with the Ethiopian government to build a $3.7 billion plant to produce fertilizers in eastern Ethiopia. [nL8N1DK0BR] OCP Chief Executive Mostafa Terrab was quoted in Morocco’s L’Economiste newspaper on Thursday as saying the company’s mining capacity had “significantly progressed”. “International demand remains strong as a whole, with an increase in fertilizer consumption held up by a drop in prices,” the company said in a statement in the paper. Exports to Africa increased by 70 percent in 2016, reaching 1.7 million tonnes, OCP said.

(Reporting by Samia Errazzouki; Editing by David Goodman and David Evans) ((Aidan.Lewis@thomsonreuters.com ; +216-29850352;)) Keywords: MOROCCO OCP/RESULTS (UPDATE 2)

Sogefi Will Open First Africa Plant In Morocco

Western Sahara Worldnews - Wed, 03/22/2017 - 17:36

Automotive News Europe
David Jolley

Italian supplier Sogefi plans to open a new factory in Morocco to build engine filtration systems. It will be the company’s first industrial site in Africa.

Sogefi will invest up to 10 million euros in the plant, which will begin manufacturing a diesel filter and an oil filter for various automakers starting 2018.

The company says it has already received new orders for both the local market and the European market that will generate additional annual sales of 30 million euros from 2020.

The factory in Tangier will employ 120 people, but Sogefi says new business opportunities may lead to an expansion of the plant and a rise in the number of employees to 300. This could provide annual sales of 60 million euros in 2021, the supplier said.

“This investment further strengthens the competitiveness of Sogefi’s manufacturing base and provides support for profitable growth in Morocco and in Europe,” Sogefi’s CEO, Laurent Hebenstreit, said in a statement.

Moroccan expansion

Moroccan car production has grown in recent years as foreign automakers invest in or are planning to invest in a market that Sogefi predicts will reach a production volume of about 1 million vehicles annually by 2025.

Renault operates two factories in Morocco: its factory in Tangier produces Dokker, Lodgy and Sandero models alongside body pressings for export. A plant in Casablanca builds Logan and Sandero models.

Renault recently announced plans to invest $1.04 billion in the country, along with a partner group of suppliers, to build an “industry ecosystem” to help boost local production of components.

French rival PSA Group has also unveiled plans to build a $630 million factory in Morocco to assemble subcompact and compact models for Africa and the Middle East starting in 2019.

You can reach David Jolley at djolley@crain.com.

Morocco, China Firm Sign Agreement To Launch Industrial Park In Tangiers

Western Sahara Worldnews - Wed, 03/22/2017 - 17:01

China Post
AFP

Morocco and China’s Haite Group signed an agreement on Monday to launch an industrial park near Tangiers for 200 Chinese companies that will create tens of thousands of jobs.

The agreement was signed in a ceremony at the royal palace in the port city attended by King Mohammed VI. With an initial investment of US$1 billion, “Mohammed VI Tangier Tech City” aims to generate 100,000 jobs, including 90,000 for employees from the Tangiers area.

“Chinese economic operators are looking for competitive platforms and they have chosen Morocco as one of those platforms,” Industry Minister Moulay Hafid Elalamy told AFP.

Moroccan Habib El Malki New AIPU President

The moroccan press - Wed, 03/22/2017 - 13:54

Speaker of the house of representatives (lower house) Habib El Malki was appointed as new president of the Arab Inter-Parliamentary Union (AIPU), on Tuesday in Rabat, during the closing session of the Union 24th conference.

This appointment was announced following the two-day meeting to replace Nabih Berri, speaker of the Lebanese parliament, whose mandate has ended.

In a speech on the occasion, El Malki thanked all Arab MPs attending the event for their trust and spirit of consultation.

Categories: The moroccan press

Govt. Formation: National Interest Commends HM the King's Decision to End Impasse

The moroccan press - Wed, 03/22/2017 - 13:51

US magazine "National Interest" lauded, on Tuesday, the decision of HM King Mohammed VI to put an end to the electoral impasse in Morocco.

Categories: The moroccan press

Morocco's Central Bank Maintains Interest Rate at 2.25 pc

The moroccan press - Wed, 03/22/2017 - 13:49

Morocco's central bank held its benchmark interest rate at 2.25 percent forecasting inflation would remain subdued.

   “Considering inflation forecast as well as recent trends and medium-term projections of macroeconomic conditions, the Board has determined that the current level of the key rate continues to ensure appropriate monetary conditions, and decided to keep it unchanged at 2.25 percent”, the central bank governor, Abdellatif Jouahri, said at a press conference following the board's quarterly meeting.

Categories: The moroccan press

Official Underlines Need For Green, Inclusive Transportation System

The moroccan press - Wed, 03/22/2017 - 13:38

Acting minister of equipment, transportation and logistics Mohamed Boussaid underlined, on Tuesday in Rabat, the need to adopt a broader vision in line with the general goals of the transportation policy aimed at helping with the emergence of economically and socially more efficient transportation systems that are more economical energy-wise and environment-friendly.

Categories: The moroccan press

Taqa Morocco Says 2016 Profits Rise 11.4 Oct On Better Performance, Coal Prices

Western Sahara Worldnews - Wed, 03/22/2017 - 11:54

NASDAQ.com
Reuters
by Samia Errazzouki

Taqa Morocco, which supplies about 38 percent of the country’s electricity supply, said on Wednesday its 2016 net profit rose by 11.4 percent to 978 million Moroccan dirham ($98.07 million), citing improved operations and lower coal prices.

Owned by Abu Dhabi National Energy Co, Taqa Morocco operates the largest coal-fired power plant in the Middle East and North Africa. Its revenues fell 8.5 percent to 8.05 billion dirhams, the company said.

However, operations benefited from a 14 percent drop in coal prices, it said. Consolidated margins have improved by 32 percent in 2016, up from 28 percent last year, the company said.

Reporting by Samia Errazzouki ((pat.markey@thomsonreuters.com; +213-661-692993; Reuters Messaging: pat.markey.thomsonreuters.com@reuters.net))

Morocco Official Elected As AIPU Head

Western Sahara Worldnews - Wed, 03/22/2017 - 10:35

Xinhuanet
Source: Xinhua

The 24th Conference of the Arab Inter-Parliamentary Union (AIPU) closed here on Tuesday by electing Speaker of Morocco’s House of Representatives Habib El Malki as a new president of the union.

The Moroccan speaker will replace Nabih Berri, speaker of the Lebanese parliament, whose mandate has ended.

In a speech on the occasion, El Malki thanked all Arab MPs for their trust and the spirit of consultation that rained during the conference.

The conference was held for two days under the theme “consolidation of Arab joint action.”

He also vowed the will of the AIPU to find solutions to the various challenges facing the Arab world.

Founded in 1974, AIPU is an Arab parliamentary organization composed of parliamentary groups representing Arab Parliaments with the aim of strengthening joint Arab action.

Enditem

Chrissy Teigen And John Legend Ride Camels In Morocco As They Continue Picturesque Holiday With Baby Luna

Western Sahara Worldnews - Wed, 03/22/2017 - 03:48

Daily Mail
By Dailymail.com Reporter

They have been making everyone green with envy thanks to their beautiful holiday pictures from Morocco.

And Chrissy Teigen and John Legend aren’t ready to stop if there Instagram profiles are anything to go by.

Chrissy took to Instagram on Tuesday to share a picture of herself all dolled up posing next to a camel.

Holiday vibes: Chrissy took to Instagram on Tuesday to share a picture of herself all dolled up posing next to a camel.

In the photo the Sports Illustrated model wore a full face of make-up, complete with purple lipstick, dark smokey eyes and a contoured face.

She added some dramatic hoop earrings as she swept her famous long locks away from her face.

The model wore a plunging black jumpsuit and a little gold belt to complete her look.

Living like a Queen: She shared another photo of her actually laying across the camel with her hand in the air.

She shared another photo of her actually laying across the camel with her hand in the air.

In another snap she is seen kissing her award-winning husband’s cheek as she lifts one leg in the air.

John made sure to match his fashionista wife as he wore a suave black ensemble.

John got in on the social media action also as he shared a pic of him and Chrissy sitting on their respective camels.

Love is in the air: In another snap she is seen kissing her award-winning husband’s cheek as she lifts one leg in the air.

The doting daddy also posted a picture of him and his little girl Luna, who is turning one on April 14.

His little girl is sitting sweetly next to him with a pink scarf draped around her head and body.

The model has been documenting her stay in Morocco all over Snapchat and Instagram.

The Lip Sync Battle co-host donned a pair of large designer sunglasses as she swept her locks back away from her face.

HM King Abdullah II of Jordan to Start on Wednesday Official Visit to Morocco

The moroccan press - Tue, 03/21/2017 - 13:19

HM King Abdullah II of Jordan will pay an official visit to Morocco on March 22-24 at the invitation of HM King Mohammed VI, the ministry of the Royal Household, Protocol and Chancellery announced on Monday in a statement

On this occasion HM the King will hold official talks with His illustrious guest.

The Sovereign will also offer an official dinner at the Royal Palace in Rabat, in honor of HM King Abdullah II, and the delegation accompanying him.

Categories: The moroccan press

Spain ‘Hasn’t Changed Its Position’ on Sahara Issue

The moroccan press - Tue, 03/21/2017 - 13:17

Spain "has not changed its position" on the Sahara issue and reiterates its "full willingness" to continue its efforts to contribute to developing the strategic relations between Morocco and the European Union, Spokesperson of the Spanish Ministry of Foreign Affairs and Cooperation, Ana Rodriguez, said.

   In a statement to MAP on Monday, Ambassador Ricardo Díez-Hochleitner of the Kingdom of Spain in Morocco highlighted the spokesperson’s statement about "the importance of Spanish-Moroccan relations" following information published on the Madrid position on the Sahara issue.

Categories: The moroccan press

'Mohammed VI Tangiers Tech City' to Create 100K Direct Jobs

The moroccan press - Tue, 03/21/2017 - 13:16

The “Mohammed VI Tangiers Tech City” project will create about 100,000 direct jobs, President of the Chinese industrial group Haite, Li Biao, said on Monday in Tangier.

   This economically integrated city will include several types of industries, including aerospace, automotive and agri-food, in addition to a residential area for employees, Biao told press on the sidelines of the presentation ceremony before HM King Mohammed VI of this project, carried out by the Tangier-Tetouan-Al Hoceima region, the Haite Group and BMCE-Bank.

Categories: The moroccan press

Bourita Received in Bamako by Malian President

The moroccan press - Tue, 03/21/2017 - 13:13

Minister delegate to the Minister of Foreign Affairs and Cooperation, Nasser Bourita, was received Monday in Bamako by Malian President, Ibrahim Boubacar Keita.

During this meeting, which took place on high royal instructions, Bourita handed to the Malian Head of State a message from HM King Mohammed VI.

The audience was attended notably by Morocco's ambassador to Mali, Hassan Naciri, and Malian minister for Foreign Affairs, African Integration and International Cooperation, Abdoulaye Diop.

MAP 20 March 2017

Categories: The moroccan press

Morocco’s Tangiers To Host Chinese Industrial City

Western Sahara Worldnews - Tue, 03/21/2017 - 12:09

Your middle east
AFP

Morocco and China’s Haite Group signed an agreement on Monday to launch an industrial park near Tangiers for 200 Chinese companies that will create tens of thousands of jobs.

The agreement was signed in a ceremony at the royal palace in the port city attended by King Mohammed VI.

With an initial investment of $1 billion, “Mohammed VI Tangier Tech City” aims to generate 100,000 jobs, including 90,000 for employees from the Tangiers area.

“Chinese economic operators are looking for competitive platforms and they have chosen Morocco as one of those platforms,” Industry Minister Moulay Hafid Elalamy told AFP.

“The project is scheduled to take 10 years” and work will start in the second half of 2017, he said.

It will serve as the North Africa base for Chinese companies operating in the sectors of automobile manufacturing, aeronautics and textiles.

Total investments by companies from China over 10 years will amount to $10 billion, said Li Biao, president of the Chinese group, quoted by Morocco’s news agency MAP.

Morocco has launched an industrialisation drive centred on Tangiers which is being turned into a hub with a free trade zone and deepwater harbour.

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