Morocco's trade deficit has increased almost five-fold from 44 billion dirhams (1 euro = 11 DH) in 2000 to 201 billion dirhams in 2012 due to the growth rate of imports such as energy products and food.
LomA(C), Togo (PANA) - Moroccan bank, Attijariwafa Bank, has acquired majority shares in International Bank for Africa (BIA-Togo) by buying 55% of its capital.According to terms of the agreement signed with the Togolese authorities, the remaining 45% of the capital of the troubled bank is reserved for national shareholders and the West African Economic and Monetary Union (UEMOA).
LomA(C), Togo (PANA) - Moroccan bank, Attijariwafa Bank, has acquired majority shares in International Bank for Africa (BIA-Togo) by buying 55% of its capital.According to terms of the agreement signed with the Togolese authorities, the remaining 45% of the capital of the troubled bank is reserved for national shareholders and the West African Economic and Monetary Union (UEMOA).
Morocco's King Mohammed VI has attended the launch of his country's Noor 1 Concentrated Solar Power (CSP) Independent Power Project, the 160MW Greenfield project being undertaken by Saudi Arabia's ACWA Power. The project is the first in a series being worked on for the Moroccan Agency for Solar Energy (MASEN), with the Noor 1 site alone expected to have a final solar power capacity of 500MW.
MARRAKECH, Morocco, April 23, 2013/African Press Organization (APO)/ -- The African Development Bank (AfDB) Group's 2013 Annual Meetings (http://www.afdb.org) take place from 27-31 May in Marrakech, Morocco. The 48th meetings of the AfDB and the 39th meetings of the African Development Fund (ADF) will be held under the central theme of "Structural Transformation in Africa."
ROME, Italy, April 12, 2013/African Press Organization (APO)/ -- An accord for the fourth conversion package regarding Morocco's debt to Italy, valued at "15 million, was signed in Rabat. Initiatives envisaged in the accord include projects in the sectors of human development, archaeology and healthcare training.
Kerr-McGee, the only remaining oil company operating on a Moroccan contract in occupied Western Sahara, is under strong pressure to follow three other companies that have left the territory, or face major divestments.
The city of Dakhla, the second largest in Moroccan occupied Western Sahara, this week has experienced new protest actions against the "Moroccan colonial policy". Equally, pro-Saharawi groups in the south of Morocco have staged similar protests during several months.
Morocco's net FX reserves shrank just 1.4% y/y to MAD 144.7bn (USD 17bn) at end-April 2013 compared with a 12% annual contraction the month before, the central bank said. In monthly terms, reserves edged up 0.1% m/m in April. The annual contraction has been rapidly narrowing in recent months as the trade deficit has also shrunk and the services income, mainly tourism and FDI, have been gradually recovering. The reserves growth was also translated into higher broad money supply (M3) growth.
Research and Markets (http://www.researchandmarkets.com/research/fdj6wh/morocco) has announced the addition of the "Morocco Exploration and Production (Upstream) Market Analysis and Outlook to 2020 - Drivers, Challenges, Fields, Blocks, Supply- demand and competitive landscape" report to their offering.Morocco oil and gas Exploration and Production industry research work from OGAnalysis is a compulsory report for all analysts involved in the sector. Some of the key issues addressed in the report include:- Who are the leading Exploration and Production operators and what are their strategies for near term future?- How will the supply situation change annually to 2020?- What potential opportunities exist in investing in exploration sector?- Where does the market stand in regional and global production front?Reasons to Purchase- Make strategic and financial decisions based on industry trends and capital expenditure forecasts- Identify key business opportunities through detailed information on oil and gas fields and forecasted production information- Develop a clear and complete understanding of the industry through asset by asset information- Detailed Market Shares, company wise production and information on nature of industry allows you to easily beat your competition- Identify the success strategies and financial status of key companies operating in the industry along with their strengths and weaknessesKey Topics Covered:1 List of Tables and Figures2 Executive Summary3 Role of Morocco Production market in regional and global front4 Drivers and Restraints of Investing/ Operating in Morocco Exploration and Production Sector5 Morocco oil, products and gas supply- demand outlook to 20206 Morocco Oil Fields Details and Production, 2005- 20117 Morocco Oil and Gas Reserves8 Morocco Gas Fields Details and Production, 2005- 20119 Morocco Exploration Sector Analysis10 Business Strategies of Morocco Upstream Operators11 Analysis of Company A Oil and Gas Operations12 Analysis of Company B Oil and Gas Operations13 Analysis of Company C Oil and Gas Operations14 Latest Development and their Impact on Morocco Exploration and Production Market15 AppendixFor more information visit http://www.researchandmarkets.com/research/fdj6wh/moroccoAbout Research and MarketsResearch and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
