First Independent Mena Newspaper
Attijariwafa bank won the award of “Best bank in Morocco for the year 2022” during the “World Best Banks Awards” trophy ceremony organized by the prestigious American magazine Global Finance. The new distinction confirms the position of Attijariwafa bank as national leader in its field of activity. This award, the 9th won by the Moroccan […]
Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]
Libya’s National Oil Corporation has transferred $8 billion to the count of the Finance Ministry of the Government of National Unity (GNU) of Prime Minister Abdul Hamid Dbeibeh who has refused to give up power despite his removal by the country’s parliament. The funds, into two installments, have been sent to the Central Bank of […]
The National Union of Tunisian Journalists, SNJT, has condemned the arrest Thursday of Chahrazed Akacha for criticizing the management of the interior ministry and called for her immediate release. Following this call, the journalist’s lawyer Samir Dilou announced this Friday, April 15 that Chahrazad Akacha has been released. The National Union of Tunisian Journalists warned […]
Morocco’s electricity utility ONEE said it expects the cost of buying energy to more than double to 47.7 billion dirhams this year, from 22 billion dirhams last year, because of a surge in prices of fuel and coal in the international market. Speaking to MPs, head of ONEE said that this surge was not reflected […]
A twinning project between Morocco and the European Union (EU) was launched on Wednesday in Rabat, with a view to strengthening the aquaculture sector in the Kingdom. The EU Ambassador to Morocco, Patricia Llombart Cussac, highlighted the importance of this partnership which will allow the creation of more than 4,000 direct jobs in addition to […]
Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]
Morocco’s stockpiles of diesel and cooking gas dropped to 26 days only, far below the 60 days required by law, energy minister Leila Benali said. Speaking to members of Parliament, energy minister Benali pointed to the difficult context marked by the impact of the war in Ukraine on commodities prices, including oil. Morocco consumed 11.2 […]
Trade exchanges between Morocco and Brazil reached $466.3 million in the first quarter of 2022, or 18.2 pc increase compared to the same period of last year. According to data released by Brazil’s economy ministry, Moroccan exports to Brazil dropped to $223.5 million in Quarter 1 2022 from $251.8 million recorded from January to March […]
The U.S. State Department has slammed again the continued serious human rights abuses committed by Algerian authorities in 2021 against vocal critics, pro-democracy militants, journalists and civilians. In its annual report on global human rights situation, the State Department denounced arbitrary arrests and detention of political prisoners, citing credible reports of torture, inhuman and degrading […]