Monthly Archives: October 2011

Wessex awarded Imlili concession off northwest Africa

Wessex awarded Imlili concession off northwest Africa

Offshore staff

BRISTOL, UK Wessex Exploration has signed an Assurance Agreement for a Production Sharing Contract for the Imlili block offshore Western Sahara with the Saharawi Arab Democratic Republic (SADR).

The latter is the democratically elected government of the territory, recognized by the United Nations as a non-self governing territory, currently occupied by Morocco. Read the rest of this entry

Autonomy plan confirmed Morocco in its position, says British think-tank

London – Morocco, who presented an autonomy plan to settle the Sahara issue under its sovereignty, confirmed in its position following the recent developments in the North Africa region, said the think-tank the Economist Intelligence Unit (EIU).

Morocco has reinforced its position, offering an autonomy and decentralization plan to the Sahara, the EIU said in its October report on Morocco. Read the rest of this entry

Morocco’s urban landscape to see significant expansion in 2012, says OBG

London – Morocco’s urban landscape should see significant expansion in the coming year, said the UK-based Oxford Business Group.

The ongoing development of large real estate projects is set to continue the sectors growth, said the global publishing, research and Consultancy Company, stressing that various segments of this key sector are going strong.

OBG noted that during the first two quarters of 2011, real estate prices witnessed significant year-on-year increases, adding that several large real estate projects are set to bring additional capacity online by the end of next year, while strong demand continues to drive social housing development. Read the rest of this entry

Morocco, U.S. foster economic relations

Rabat, October 31, 2011 – Morocco and the United States signed here on Monday a declaration of intent for the setting up of “Morocco Atlantic Bridge” initiative.

The initiative aims to strengthen bilateral trade relations and partnership, and better use of the free trade agreement in force between the two countries.

Signed by Moroccan Foreign Trade Minister Abdellatif Mazouz and U.S. Ambassador to Rabat Samuel Kaplan, this declaration is part of the implementation of the Moroccan strategy for development and export promotion “Maroc export plus,” and the U.S. national export initiative “National export initiative.” Read the rest of this entry

Palestinians admitted to UNESCO

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by Charles Onians – PARIS (AFP)

Palestinians won entry to UNESCO on Monday, scoring a symbolic victory in their battle for full membership of the United Nations in a move that Israel and the US said harmed hopes for peace.

“The general conference decides to admit Palestine as a member of UNESCO,” said the resolution that was adopted to loud applause by 107 countries, with 14 voting against and 52 abstaining. Read the rest of this entry

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