First Independent Mena Newspaper
Gulf buy now, pay later (BNPL) Tamara platform said on Monday it raised $100 million in a second round of fundraising from investors, including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF, Reuters reports. The funding will help the company expand in new markets and provide customers with new products and […]
Gen. Todd R. Wasmund, new commanding General of the U.S. Army Southern European Task Force-Africa, made his first trip abroad to Rabat, showing the strategic importance of the North African Kingdom for the U.S. army. According to press reports, Gen. Wasmund met, during his visit to Morocco this Aug.21-22, Inspector General of the Royal Armed […]
Morocco remains the first supplier of the European Union market with fresh tomatoes, confirming its competitive edge and strong strategic partnership sealed the European bloc. In 2021, around 67% of EU fresh tomatoes imports were from Morocco (the largest source of imports), followed by Turkey which increased its share in the EU market (25% in […]
The official reaction of the Mauritanian government to personal comments by a Moroccan Muslim scholar stands in stark contrast to the deafening silence towards comments uttered by Algerian President Abdelmedjid Tebboune who is responsible for his country’s foreign policy. Ahmed Raissouni, a former leader of the Islamist MUR and currently head of Qatar-funded International Union […]
Flexibois, a kitchen furniture manufacturer operating in Morocco, has managed to reduce its energy consumption and CO2 emissions thanks to the support of the European Bank for Reconstruction & Development, the EU, the Green Climate Fund (GCF) and the Republic of Korea. The company uses wood by-products to make furniture. It offers Moroccan consumers quality […]
Morocco’s stability and huge business opportunities offered to foreign investors have attracted U.S. Fatburger & Buffalo’s Express which has opened its first restaurant in Marrakesh. “Over the last 70 years, Fatburger has developed a loyal following across the globe,” says Jake Berchtold COO of FAT Brands’ Fast Casual Division. “While our burgers are often front […]
Several NGOs and associations of Algerian expatriates have called on French President Emmanuel Macron to raise the issue of deteriorating human rights situation with Algerian leaders during his planned three-day visit to this Maghreban country starting Aug.25. In a letter signed by 13 Diaspora organizations, including “Action citoyenne pour l’Algérie”, “Collectif des Familles de disparus […]
Moroccan state-owned phosphate group OCP and Mohammed VI Polytechnic University (UM6P) signed on Monday a cooperation agreement with UK “Rainbow Rare Earths” company to further investigate and develop the optimal technique for the extraction of rare earth elements from phosphogypsum. Phosphogypsum contains rare earths as a by-product of phosphoric acid production. OCP together with the […]
The Middle East and North Africa region (MENA) is expected to be the world’s largest supplier of green hydrogen, with the region accounting for the greatest number of export-oriented low carbon hydrogen projects (CEBC), according to a study by Abu Dhabi-based Clean Energy Business Council (CEBC). The UAE is at the forefront of the region’s […]
More than 37 people died and over 200 others were injured due to dozens of wildfires in Algeria’s east, triggering backlash at a government that failed to acquire the necessary means to extinguish forest fires. The tragedy is a déjà-vu in a country where over 200 people, mostly in the restive Kabylie region, lost their […]