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Morocco, which has been following with great concern the deterioration in relations between Saudi Arabia, the United Arab Emirates, Bahrain, Egypt and other Arab countries on the one hand and Qatar on the other has offered its good offices to Read more
BP, oil and gas giant multinational, announced that it has signed a $916 billion joint agreement with US explorer Kosmos Energy to drill for gas offshore Mauritania and Senegal. Under this agreement, BP will acquire 62% interest in Kosmos explorations Read more
The announcement by Clarence House that Prince Charles will be visiting three Gulf countries, including Bahrain, in November has stirred the reaction of human rights campaigners, with some claiming that the visit will serve as an endorsement of the abuses Read more
The Petroleum Facilities Guard (PFG) led by Ibrahim Jadhran launched an offensive attack on the oil terminals of Ras Lanuf and Sidra that they lost last week to the Libya National Army (LNA) under Khalifa Haftar’s command. They were able Read more
The United Arab Emirates (UAE) continues to be affected by the low oil prices, but the foreign reserves it cumulated over the years “have provided ample policy space, limited negative inward spillovers and contained the weakening of investor appetite,” said Read more
The Egyptian national carrier announced Wednesday acquisition of nine Boeing planes in an attempt to beef up its fleet at a time the airline is challenged by aviation incidents. The deal, worth $864 million, is mostly sponsored by the United Read more
The United Arab Emirates announced that its forces have done their job in Yemen and that Yemen now needs a political solution to reach a lasting peace. The UAE military has played its part to the fullest and Yemen now Read more
Over the weekend, credit rating company Moody’s downgraded Saudi Arabia by a notch from Aa3 to A1 citing that “a combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to Read more
King Mohammed VI has hailed the unwavering backing of GCC countries to Morocco’s territorial integrity currently targeted by some enemies seeking to destabilize the North African nation which has weathered Arab Spring storms. “The question of the Moroccan Sahara has Read more
Emirati investors have agreed to invest up to 37 million euros on six agriculture projects in Morocco, report say. Morocco’s Minister of fisheries and agriculture Aziz Akhannounch signed three agreements with UAE investors who promised to pump up around 37 Read more