UK-based upstream gas company Sound Energy PLC has said that the deal on purchasing its Morocco assets has been put on hold, UK Investor Magazine reported on Monday. The firm announced that the private energy firm who agreed to buy its assets in Morocco has failed to show proof of funds. «The Purchaser has not yet demonstrated to the Company’s satisfaction the proof of funds required in order to advance the Proposed Transaction and nor has a sale and purchase agreement been
Parisian-born Charaf Tajer is one of the 20 fashion designers tipped to win the LVMH prize for 2020, an award launched in 2013 by a French multinational luxury goods conglomerate headquartered in Paris. Through his label CASABLANCA, the Moroccan designer is one of the semi-finalists expected to win MAD1.2 million this year. The award is meant to help young designers support their labels and get the needed assistance to strengthen their position in the industry. Tajer launched his label in
Will Uruguay follow suit and withdraw recognition of the so-called «SADR» like El Salvador and Bolivia ? Currently, Montevideo has shown that it is ready to strengthen ties with Morocco.
Morocco’s main telecommunication company Maroc Telecom (IAM) made an adjusted profit of 6 billion dirhams in 2019, moving by 1% compared to the previous year, Reuters reports, quoting the company. In a press release about the results, Maroc Telecom announced that its revenue moved by 1.3% to 36.5 billion dirhams in 2019 due to growing mobile data activity in the Kingdom and in African subsidiaries. The company said that the number of its clients grew by 11.1% to 67.5 million in 2019. In
In October, Moroccan cook Abdessamad El Idrissi won the title of world’s pizza champion in Italy. His achievement was coming from sheer coincidence.
An agreement to open a new Dari Couspate factory was signed Thursday, February 13, 2020 in Rabat by the Minister of Industry, Trade, Green and Digital Economy, Moulay Hafid Elalamy, and the Director General of the company, Hassan Khalil. The plant is going to be the third of its kind in Morocco, said the company in a statement sent Friday to Yabiladi. The project is expected to cost 92 million dirhams and generate 100 new direct jobs, the same source added. «This agreement aims to
By using some words and expressions and not others, or through euphemism, some Moroccans seem to find it hard to express their love and affection for others. This conclusion can be blamed on several sociological factors, according to experts.
On Friday in New Zealand, protesters ran the flag of the Polisario Front to protest Kiwi councilors meeting with Moroccan officials, Stuff reports. The protest staged in Christchurch was attended by members of the rail, maritime and transport union who stood outside the Environment Canterbury. Protesters noted «the Moroccan government's attempts to lobby New Zealand politicians». Meanwhile, councilors Peter Scott, Lan Pham and Nicole Marshall were holding talks
Morocco’s national carrier Royal Air Maroc (RAM) and British Airways have signed a code-share agreement, connecting Casablanca and Agadir to London. In a press release sent, Friday, to Yabiladi, RAM said that the agreement to come into force on February 20. British Airways’ first African codeshare will give its customers more choice of services between Heathrow and Marrakesh. As well as daily access to Royal Air Maroc’s hub in Casablanca, which is not currently served
British independent manufacturer of luxury sports cars to open its first dealership in Morocco. The carmaker will open a showroom in Casablanca by the second quarter of 2020, Autos Community reports. Aston Martin’s Morocco showroom is under holding company Bugshan Maroc. «The new dealership, based on Aston Martin’s latest CI design, will become home to the marque’s full range of Second Century models – including the all-new and much-anticipated DBX»,
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