Rabat ignores Merkel's olive branch
Hawkish Foreign Minister Nasser Bourita has not replied to an invitation to attend a June conference on Libya in Berlin. He has also delayed the appointment of a new German ambassador to Rabat.
In the preliminary findings of its investigation into the potential distortion of the US phosphates market by the subsidies allegedly received by OCP, the Department of Commerce highlights four particularly litigious issues and five it needs to study further before taking a final decision about them.
Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past.
Controlled by Mohammed VI's former 'steward' Zouhair Fassi Fehri, Construction Management Services keeps bagging plum contracts, from renovating the opulent La Mamounia hotel in Marrakesh, to building Nareva's wind farm in Boujdour.
Agriculture minister Aziz Akhannouch's "Moroccan Sahara" showpiece project, the wind-powered desalination project, which will provide irrigation for 5,000 hectares of agricultural land in the Dakhla Oued-Eddahab region, is attracting the leading national and international groups in the field.