The Moroccan Market
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King Mohammed VI Of Morocco Builds New Financial City For The World

King Mohammed VI Of Morocco Builds New Financial City For The World | The Moroccan Market | Scoop.it
King Mohammed VI of Morocco is building the Casablanca Finance City, a new financial centre for investors looking to access the markets in French-speaking Africa
Younes MANAL's insight:

Casablanca Finance City is certainly the most ambitious project undertaken by Morocco in the last decade. By attracting many big names into Casablanca, Morocco hopes to establish itself as a leading financial hub in the MENA and Africa regions.

Will that foster growth in the Kingdom? 

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Moroccan opposition blocks draft finance act

Moroccan opposition blocks draft finance act | The Moroccan Market | Scoop.it
A row has erupted in Morocco over the rejection of the draft finance law in the Chamber of Councillors.
Younes MANAL's insight:

Meanwhile in the parliament, government and opposition still playing their pathetic game, dealing blows to eachanother and arguing while more important concerns are not being dealt with.

 

Of course now the law has been approved but that doesn't fix the issue that some politicians should get over some things and try to work with eachother and achieve more productive results.

The moroccan parliament has been a mess this year, forcing the King to interfere to calm the storm. While people are fighting their governments in neighbor countries, elected people are fighting eachother in Morocco. Irony. 

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Oil firms step up exploration in Morocco's Atlantic waters

Oil firms step up exploration in Morocco's Atlantic waters | The Moroccan Market | Scoop.it
* BP follows Chevron as majors arrive* Cairn Energy says to start drilling shortly* Oil companies see promising geology after Brazil finds* Morocco at least a decade away from any energy exportsBy
Younes MANAL's insight:

While it may take years for Morocco to start exporting oil, such news are welcome and may boost investor confidence in Morocco thanks to very advantageous fiscal terms and energy export prospects although we are looking forward to seeing more sustainable energy production with the solar power plant of Ouarzazate.

Traditionnaly one of the energy-poorest countries, how would the moroccan market evolve in the event the country starts exporting oil?

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The political crises in Egypt, Tunisia and Morocco have impacted the growth of technology sector. The year 2014 will be a critical for these zones to get back on the economic track. | Talent Neuron

The political crises in Egypt, Tunisia and Morocco have impacted the growth of technology sector. The year 2014 will be a critical for these zones to get back on the economic track. | Talent Neuron | The Moroccan Market | Scoop.it
Younes MANAL's insight:

Morocco has pretty much managed to mitigate the effects of the Arab Spring. It also helped the market to pull ahead of Tunisia in many respects. Here for example we can see how the IT industry was impacted in three of the leading countries in the North Africa region.
Morocco has managed to recover and is undergoing an intensive liberalization process, let's hope good results are obtained soon! 

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Qatar signs aid deal worth $1.25 billion for Morocco

Qatar signs aid deal worth $1.25 billion for Morocco | The Moroccan Market | Scoop.it
Qatar and Morocco have signed an aid deal worth $1.25 billion, part of a five-year package of financial assistance extended by wealthy Gulf states to the North African kingdom to help it weather 'Arab Spring' protests.
Younes MANAL's insight:

Morocco receives aid from Gulf States, up to $ 5 billion. The Emir of Qatar was present in Morocco last week for a state visit to dicuss several matters of common interest.


Is that the beginning of a stronger Qatari-Moroccan partnership? 

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Morocco learn good hosting lessons

Morocco learn good hosting lessons | The Moroccan Market | Scoop.it
The BBC's Nick Cavell says there are still areas for Morocco, which has just staged the Club World Cup, to improve ahead of 2015 Nations Cup.
Younes MANAL's insight:

Morocco has just hosted the Football Club World Cup 2013 a few weeks ago and is to host it again in 2014 as well as the African Cup of Nations in 2015 and is intending to be a contender for hosting the World Cup 2026. Benefits of hosting such a large event are known to everybody. By increasing tourism, generating high revenues and raising awareness of what the host country has to offer, World Cups are true growth engines. However, would it not be better to invest that money on improving education and employment instead of acquiring world class stadiums and touristic resorts?

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Morocco's New Star Turn

Morocco's New Star Turn | The Moroccan Market | Scoop.it
The country's stocks could take a turn for the better as an interesting play on Europe's revival.
Younes MANAL's insight:

Morocco was downgraded by Morgan Stanley from Emerging Market to Frontier Market, is that necessarily a bad thing for the country?
Actually it seems to be a good thing in that it allows Morocco to gain a very large weight in an index and therefore gain more investor attention. Better being overweighted in a lower index than a rounding error in a bigger!
 

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Moroccan power firm Jorf Lasfar raises $182 mln in share listing

Moroccan power firm Jorf Lasfar raises $182 mln in share listing | The Moroccan Market | Scoop.it
Moroccan power firm Jorf Lasfar Energy Co (JLEC), owned by Abu Dhabi National Energy Co, raised 1.5 billion dirhams on Thursday, traders said, in one of the first share offers in Morocco in almost two years.
Younes MANAL's insight:

As one of the very few arab countries that have no oil to export, seeing a moroccan energy company grow is a very rare sight... But still very welcome. It also adds liquidity to a market that was recently downgraded for a lack of liquidity, so it's all good news !
I just hope they don't grow at the expense of the environment though 

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