October 11, 2012
Morocco's King Mohammed will make a rare tour of Gulf Arab countries before the end of the year as his cash-strapped government tries to drum up investor interest in a sovereign bond.
Morocco is drafting a new banking law that should open the door to Islamic lenders. Rabat may also discuss partnerships between its state-run airline Royal Air Maroc and a major Gulf airline, after low-cost carriers reduced their business in Morocco due to lower European demand.
Rabat wants billions of dollars to fund ambitious solar and wind energy development plans as well as resort developments.
