American credit rating agency Fitch Ratings has downgraded Morocco's phosphate rock miner OCP Long-term Issuer Default Rating (IDR) to 'BB+' from 'BBB-'. The outlook on OCP’s rating is 'negative', according to Fitch, which expects it to worsen in coming months. According to the rating agency, the company’s downgraded IDR rating is due to its recent contribution to the Covid-19 special fund, created by Morocco to manage the consequences of the coronavirus crisis. Indeed, in March
After a series of attempts, a group of 26 Israelis stranded in Morocco was repatriated, Thursday, including a Likud politician, and two American-Israeli philanthropists. In April, Morocco would have reportedly refused to repatriate Israeli nationals stranded in the Kingdom due to Emirati intervention.
81 new confirmed coronavirus cases were recorded between Wednesday afternoon and Thursday morning in Morocco, bringing the total number of Covid-19 infections in the country to 6,593, the health Ministry announced. In a recent update, the Ministry reported that 70,345 suspected cases have tested negative for the virus so far. While deaths related to the coronavirus stand at 189, the number of Covid-19 patients who recovered in the Kingdom has reached 3,222. The confirmed coronavirus cases in
Moroccan Moncef Slaoui, former head of GlaxoSmithKline's vaccine division, has been called upon to lead the operation of US President Donald Trump to develop a vaccine against the coronavirus. Two White House officials, quoted by CNN, said General Gustave Perna had also been selected to help oversee operation «Warp Speed». Moncef Slaoui will act as senior advisor while Perna will serve as chief operating officer, overseeing logistics. NEWS: Trump plans to name Moncef
The House of Representatives adopted, Wednesday, law 30-20 enacting specific provisions for travel contracts, tourist stays and air transport contracts. Mehdi Taleb, head of the regulation, development and quality department at the Tourism Ministry explains the new law and reassures customers.
The Upper and Lower chambers of the Parliament will hold a joint meeting, Monday, May 18. During this meeting Head of government Saadeddine El Othmani will be presenting the recent developments of the containment measures after May 20. Morocco extended until May 20 the lockdown measures imposed in March to avoid the spread of the coronavirus. According to a joint statement issued by the two chambers, said session, which will start at 1pm, is held in accordance with the provisions of article
Blamed for an online campaign that outed presumed gay and bisexual men in Morocco, Moroccan transgender influencer Sofia Taloni apologized for asking her followers to download a dating app to out gay men. On Wednesday, the Turkey-based Instagrammer told the Thomson Reuters Foundation that her intention was not to «target gay men» but to «bring them closer to the mainstream society». «My intention was to ‘humanize’, ‘un-demonize’ and
As of Wednesday, May 13, Morocco recorded 94 new confirmed coronavirus cases, bringing the total number of Covid-19 infections in the country to 6,512. Most of the new cases were recorded in the Casablanca-Settat region. Cases have been detected, to a lesser extent, in the regions of Fez-Meknes and Marrakech-Safi, Mohamed Lyoubi, head of the epidemiology department at the Ministry of Health, said during the daily press briefing. Seven regions did not register any case during the last 24
Although Moroccan experts would rather a «gradual end» of the lockdown, warning against a «second wave of contaminations», they all agree that Morocco is at an «ideal» stage. To Moroccan epidemiologist Jaafar Heikel, the health system remains a crucial part of the deconfinement equation.
Equinor, a Norwegian energy company founded in 1972, said it «regrets having exported a shipment of natural gas» to the Sahara. «We can confirm that Equinor sold a shipment of butane gas to the company Gulf Petrochem (GP). This cargo was sold by GP to a customer and was delivered to Laayoune, and we transported it», wrote Equinor spokesperson Eskil Eriksen in an email sent to Norwegian daily Dagsavisen. Eriksen said that «this is the first time» that
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