Morocco News, Weather, Politics

How expats are saving Morocco's riads

For a sense of culture and hospitality unavailable in most big hotels, Morocco's riads, palatial homes turned boutique hotels, are unbeatable.

Morocco's ONEE gets $300 mln loan from China's Exim Bank

RABAT (Reuters) - Morocco's state power utility ONEE said on Wednesday it had obtained a $300 million loan from China Exim Bank to finance a 318 megawatt (MW) coal-fired plant in the eastern town of Jerada. China's SepcoIII won a 3 billion dirham ($348 million)tender launched by ONEE last year to build the second coal-fired power plant in Jerada, near the Algerian border, where protests ...

Spain, Morocco arrest nine suspected jihadists

Madrid (AFP) - Spain and Morocco on Friday arrested nine suspected members of a group in north Africa linked to the violent Islamic State jihadists, the Spanish government said.

Morocco's Attijariwafa bank H1 net profit rises 1.8 pct

RABAT (Reuters) - Attijariwafa Bank, one of Morocco's biggest lenders, posted a 1.8 percent rise in net profit to 2.3 billion dirhams ($267 million) for the first six months of the year. The bank's profit growth was held back by a rise in bad loans related to an economic slowdown in its domestic market and its expansion in sub-Saharan African markets. It has subsidiaries in Tunisia, Ivory Coast ...

Morocco's BMCE Bank says H1 net profit rises 51 pct

RABAT (Reuters) - Morocco's BMCE Bank said net profit rose 51 percent to 902 million dirhams ($103.29 million) in the first half of 2014. Consolidated net banking income rose 15.5 pct to 5.6 billion dirhams in the same period, it said on Monday. ($1 = 8.7289 Moroccan Dirhams)

Nareva Selects GE Turbines for 100MW Wind Farm in Morocco

Today, GE announced it will supply 56 1.7-100 wind turbines for its first wind farm in North Africa developed by Energie Eolienne du Maroc , a leading developer of wind projects and a wholly-owned subsidiary of Nareva Holding.

Morocco draft law criminalizes traveling abroad for jihad

Morocco's government has presented a new law criminalizing training with extremists with the intent to commit terrorist acts.

Hard times for 'red gold' divers in Morocco's El Dorado

Harvesting mineral-rich seaweed on Morocco's Atlantic coast, Attibari Lemkhanter worries that the plant known locally as "red gold" is becoming increasingly scarce. "There are more and more divers and less and less red seaweed," Lemkhanter sighed as he worked on a beach in El Jadida, about 100 kilometres (60 miles) southwest of Casablanca.

W Hotels Worldwide to Enter Morroco with W Marrakech

Starwood Hotels & Resorts Worldwide, Inc. today announced that it will launch the W brand in Marrakech in 2017 with the opening of W Marrakech. Owned by Morocco-bas

Morocco trying to entice Leverkusen's Bellarabi

(Reuters) - Morocco are bidding to entice Bayer Leverkusen's exciting winger Karim Bellarabi to their cause as they prepare to host next year?s African Nations Cup, according to German media reports. Coach Badou Ezaki met with the 24-year-old, who has played for Germany at under-21 level but can still switch his allegiance if he applies to soccer's world governing body FIFA. Berlin-born ...

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