Morocco To Launch Multi-Billion-Dollar Natural Gas Project

Baku-APA

Gas exploration

Morocco says it is planning to launch a multi-billion-dollar project to intensify its search for natural gas, APA reports quoting Press TV.

Morocco’s Energy Minister Abdelkader Amara said on Tuesday that the country would spend USD 4.6 billion on infrastructure for the project through the year 2021. (more…)

Real Madrid Reach FIFA Club World Cup Final

Sports
Magharebia

Real Madrid

Real Madrid on Tuesday (December 16th) became the first team to reach the final of the FIFA Club World Cup 2014 in Morocco, Menara reported.

The Spanish side punched their ticket after beating Mexico’s Cruz Azul FC 4-0 in Marrakech.

Auckland City of New Zealand and CA San Lorenzo of Argentina vie Wednesday for the other slot in the Saturday final.

Morocco Plans LNG Production

Magharebia

Port design

Morocco on Tuesday (December 16th) presented a roadmap for the production of liquefied natural gas (LNG), Au Fait Maroc reported.

In an effort to guarantee the kingdom’s energy independence, billions will be invested in natural gas infrastructure by 2021, Industry Minister Abdelkader Amara announced. (more…)

Maghreb news 2014-12-17

Logo mediumMagharebia

Elections | 2014-12-17
Tunisia presidential race hots up
Tunisians are just days away from picking their president and completing the country’s historic democratic transition. (more…)

Morocco’s Youth Government: A Step Towards Better Representation?

International Political Forum
Posted by Mohammed Qasserras

Moroccan youth

Civil society in Morocco took a step towards better policies for young people through the creation of the Moroccan Parallel Youth Government MPYG, which intended to mimic and evaluate Morocco government policies.

Without a doubt, the formulation of the MPYG is the fruit of the constitutional reforms that Morocco has seen during epoch of the Arab Spring. (more…)

Morocco: The Champion Of Arab Golf

Daily News Egypt

Golf

Morocco won the title after topping the rankings at the tournament, coming in first with a total score of 310 strokes, to preserve the title it won last year at the same competition, held in Egypt.

Morocco was crowned champion of the 34th Arab Golf Championship held in the Saudi capital of Riyadh. The most prominent Arab golf players participated in the tournament, representing 12 Arab countries, including Libya, Morocco, Qatar, Oman, the UAE, Egypt, Tunisia, Palestine, Lebanon, Jordan, and Saudi Arabia, who hosted the games. (more…)

Energy-Poor Morocco Steps Up Search For Natural Gas

Middle East Online

Energy import

Energy imports accounted for more than a quarter of Morocco’s total imports in 2012

Energy Minister says $4.6 billion will be spent on infrastructure for natural gas project through to year 2021 to meet energy needs.

Morocco announced plans on Tuesday to step up its search for natural gas with a multi-billion-dollar project aimed at improving its energy mix alongside renewables.

Energy Minister Abdelkader Amara said $4.6 billion would be spent on infrastructure for the project through to the year 2021. (more…)

Morocco Cell Sought Women For Daesh

Magharebia

Daesh

Moroccan and Spanish security forces on Tuesday (December 16th) dismantled a terror cell that recruited women for the Islamic State (ISIS) in Syria and Iraq, MAP reported.

The two leaders of the cell were arrested in Fnideq. Five other suspects were detained by Spanish authorities in Ceuta, Melilla and Barcelona. (more…)

Maghreb news 2014-12-16

Logo mediumMagharebia

Terrorism | 2014-12-16
Med nations partner against Daesh, crime
Holding the “5+5 Initiative” presidency will help Tunisia respond to security challenges, Defence Minister Ghazi Jeribi said. (more…)

Morocco Revives LNG Terminal Plans

Bill Lehane and Reuters reports

LNG

Port plans: Jorf Lasfar, above, to house LNG import terminal

Morocco is going ahead with previously mooted plans to become a liquefied natural gas importer with the construction of an LNG terminal at the port town of Jorf Lasfar on the Atlantic coast, reports said.

Morocco Central Bank Says May Revise Currency Basket Weighting

Bloomberg Middle East
By Souhail Karam

Moroccos_central_bank

Morocco’s central bank said it may revise its currency peg regime to reflect the weakening of the euro against the U.S. dollar.

The central bank is working with the finance ministry on the issue, Governor Abdellatif Jouahri told a news conference in Rabat after cutting the benchmark interest rate by a quarter of a percentage point to 2.5 percent. Morocco has a managed float exchange-rate regime against a euro-dominated basket of currencies, according to the Economist Intelligence Unit. (more…)

Recruitment Ring Busted By Police From Spain And Morocco

International Business Times
By Umberto Bacchi

ISIS female

Alleged members of an Isis female battalion in Al-Raqqa, north central Syria

Spanish and Moroccan authorities said they have arrested seven people, including four women and a minor, suspected to be members of an Islamist ring specifically aiming to recruit women for Isis.

Islamic State (Isis) affiliates had set up a recruiting network in Spain to lure local woman into travelling to the Middle East to become jihadi brides, police said. (more…)

Morocco To Intensify Search For Natural Gas

Natural Gas Asia

Natural gas project

Morocco is planning to intensify its search for natural gas, Press TV reported country’s Energy Minister Abdelkader Amara as saying.

Amara said on Tuesday that the country would spend $ 4.6 billion on infrastructure for the project through the year 2021. (more…)

EU Seeks To Develop Close Ties With Morocco

KUNA

EU

Morocco is an important partner for the EU, which plays a key role in the Euro-Mediterranean area and the Africa-EU Partnership. The EU wants to continue to develop a strong bilateral relationship with Morocco, based on shared values, mutual respect and solidarity, said EU High Representative Federica Mogherini here Tuesday. (more…)

Morocco’s Central Bank Cuts Benchmark Interest Rate In A Historic Move

Reuters
By Aziz El Yaakoubi

CB Morocco

Morocco’s central bank cut its benchmark interest rate on Tuesday to 2.5 percent from 2.75 percent, the second rate cut in three months, as rulers in the North African kingdom feel confident after the drop in global oil prices.

The bank said it seeks to support economic growth while expecting inflation to remain low. (more…)

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