New oil and gas wells were recently discovered in Morocco, said Amina Benkhadra, CEO of the National Society of hydrocarbons and mines (ONHYM) Friday in Rabat. Studies conducted on six new oil and gas wells, it appears that at least two of these sources are useful. Amina Benkhad ...

Ranbaxy Laboratories , India's top drugmaker by sales, said its Moroccan unit has started functioning, giving it direct access to a USD 1 billion pharmaceuticals market. The unit, Ranbaxy's third in Africa, will also help the company supply products to other north African countr ...

The Moroccan government is determined to guarantee transparency and root out economic malpractice, Prime Minister Abdelilah Benkirane pledged to business leaders in a recent statement. The General Confederation of Moroccan Business (CGEM) on March 6th signed a memorandum of unde ...

Rabat (UNN) Morocco sent urgent humanitarian and medical relief to Congo, and will set up a mobile militry hospital following a series of blasts that hit weapons depots in the capital Brazzaville on Sunday, killing and injuring hundreds of people. Medical and military teams will ...

Abu Dhabi: The Emirates National Oil Company (Enoc) said yesterday its wholly-owned subsidiary Horizon Terminals Limited has inaugurated a new facility in Morocco which involves an investment of Dh667 million. In a statement, Enoc said the new facility located in Tangier has a c ...

The European Parliament has given its consent to liberalise EU-Morocco trade in agricultural and fisheries products, while adopting a resolution highlighting a number of concerns. The votes today follow approval on Tuesday to allow Morocco to participate in certain EU programmes. ...

Morocco may tap the international bond market in 2012 after its current account deficit surged last year to the highest since the 1980s, although the country is not under pressure to borrow, government ministers said on Monday. Higher energy and food import bills coupled with we ...

Morocco's IT sector is growing at a double-digit pace. Internet access has expanded by three-quarters in 2011, while the mobile phone market increased by more than 14%, according to the National Telecoms Regulation Agency (ANRT). The rapid expansion "necessitates a proporti ...

Renault stressed that the opening of a giant factory in Morocco to build low-cost cars is a part of the French company for prevailing more markets. The Tangiers factory is a key for Renault's to expand in the low-cost segment under its Dacia brand, which already accounts for nea ...

RABAT, Feb 8 (Reuters) - Morocco's recently elected Islamist-led government aims to cap the budget deficit at 5 pct of GDP in 2012, a minister said on Wednesday, after extra spending in the wake of regional unrest helped push the shortfall last year to its highest level since the ...