Archive for February, 2015

Morocco’s Political Reforms, ‘Successs Story’ In Arab World- Brookings Institution

MAP

Reform

Morocco’s gradual approach to political reforms and democratization stands as a “success story” in the Arab World, said the Brookings Institution in a recently published paper.

“Morocco has so far been a success story in the Arab world. It has followed a gradual approach to political reforms and democratization, which led to the adoption of a new constitution and the holding of free parliamentary elections in 2011,” said the renowned US think tank.

In the same vein, the paper notes the need for maintaining this record of success through continued political and economic reforms. (more…)

Morocco Bans Import Of Drones Citing Security Concerns

Bradenton Herald

Flying drones

Morocco’s Interior Ministry has announced a ban on the import of drones and remote-controlled flying objects in general, citing security concerns.

The statement Wednesday said the ban had taken effect two days earlier and was due to threats to security and property and the invasion of privacy. There have been no reports of drone incidents in the country.

Moroccan Government Proposes To Boost Central Bank Independence

Reuters Middle East

King

Moroccan government is proposing a draft law that gives the country’s central bank much more independence and prepares it for major financial reforms and a more flexible currency exchange system.

The North African kingdom is set to allow the creation of Islamic banks and enable private firms to issue Islamic debt, after parliament approved and Islamic finance bill last November.

It also released a decree to create a sharia board of Islamic scholars to oversee the country’s fledgling Islamic finance industry. (more…)

Morocco Bans Import Of Drones Citing Security Concerns

abc News
by The Associated Press

Drones

Morocco’s Interior Ministry has announced a ban on the import of drones and remote-controlled flying objects in general, citing security concerns.

The statement Wednesday said the ban had taken effect two days earlier and was due to threats to security and property and the invasion of privacy. There have been no reports of drone incidents in the country. (more…)

Shale Gas Project Encounters Determined Foes Deep In Algerian Sahara

New York Times
By Carlotta Gal

Protesters

A protester scuffled with Algerian security forces Tuesday during a demonstration in the capital, Algiers, against fracking.
European Pressphoto Agency

Deep in the Algerian Sahara, daily protests against a pilot hydraulic fracturing, or fracking, project are now well into their second month. The demonstrations have spread to several towns and have provided opposition parties with a new platform at an especially precarious moment for (more…)

Morocco Starts Negotiations For 7 Bcm LNG Import Deal

Hellenic Shipping News

LNG

Morocco has started negotiations to import up to 7 billion cubic meters of gas by 2021 as it aims to diversify energy supplies and reduce dependence on oil and coal imports, the energy minister said.

Minister Abdelkader Amara said he had made contact with gas- exporting countries and that private companies are also showing interest.

Morocco is already burning 1 bcm of gas, including around 70 million produced locally, but that is still only 5 percent of its energy bill. (more…)

Oil Price Decline ‘Has Caused Knock-On Effect’

Trade Arabia

Chief economist at Banque Saudi Fransi Sfakianakis speaks at the Reuters Middle East Investment Summit in Riyadh

Oil prices are an essential component of the revenue structure for most regional economies and an essential lifeline for those who rely on oil production revenue, according to an expert.

During an interview with Euromoney Conferences at the recently concluded GCC Financial Forum, John Sfakianakis, regional director of GCC at Ashore Group, said falling prices have caused a knock-on effect, in that they have changed market fundamentals and will impact the financial sector and investment capital flows. (more…)

Spain Breaks Up Online Network Recruiting Young Women For IS

AFP
by Ingrid Bazinet

SPAIN-TERROR-JIHAD-POLICE-ARREST

Spain said Tuesday it had broken up an online network accused of recruiting young women to join Islamic State militants fighting in Iraq and Syria and arrested four suspects.

The early morning arrests came as European nations scramble to halt a surge in young people wanting to travelling to Iraq and Syria to fight with the jihadists.

Two of the suspects were arrested in Melilla, the Spanish enclave neighbouring Morocco, in the latest operation by Spain’s authorities targeting such recruiting networks. (more…)

Go to Top