First Independent Mena Newspaper
Israeli economy minister Orna Barbivai will visit Morocco next week to ink an economic and commercial cooperation accord that will enhance trade relations between the two countries. According to a statement released Thursday by the Israeli ministry of economy, Mrs. Barbivai will start on Sunday her visit to the North African Kingdom for meetings with […]
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million loan to Morocco Mobility and Automotive Centre (ATC), a Moroccan company involved in automotive testing. EBRD said in a statement that the funds will help ATC acquire equipment to set […]
Morocco and Germany have both expressed keenness to give a new momentum to the two countries’ ties and to seal a new partnership. The announcement came in a joint statement by Morocco’s Foreign Affairs Minister Nasser Bourita and his German counterpart Annalena Baerbock issued Wednesday following a first video conference between the two officials, after […]
The governor of the Libyan central bank, Saddek El-Kaber, is being pressured by some international parties to cut off financing for the Government of National Unity (GNU) led by Prime Minister Abdulhamid Dbeibeh who has refused to step down, after the country’s Parliament replaced him last week, Update Libya reports, citing some diplomatic sources who […]
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1.5 billion, a new financing agreement earmarked for imports of petroleum and basic commodities. Hani Sonbol, ITFC CEO announced the agreement to Bloomberg Asharq adding that the amount includes $800 million for petroleum imports and $700 million for basic commodities. The new deal is […]
Lieutenant Colonel Paul-Henri Sandaogo Damiba was sworn in as president of Burkina Faso on Wednesday by the Constitutional Council, three weeks after taking power in a coup. “I swear before the people of Burkina Faso (…) to preserve, respect, ensure respect and defend the Constitution, the fundamental act and the laws” of Burkina, Damiba said […]
Morocco is elaborating a new investment charter meant to foster the participation of private funds in a bid to reverse the current trend as private investment represents only about one third of total investment. In this connection, King Mohammed VI chaired, on Wednesday at the Royal Residence of Bouznika, a working session devoted to this […]
China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts. The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement. […]
King Mohammed VI ordered the allocation of 10 billion dirhams ($1 billion) to mitigate the impact of drought on farmers, the Royal Palace said. Morocco has registered a rainfall deficit of 64% jeopardizing this year’s harvest and putting farmers in a difficult financial position. Hassan II fund for economic and social development will contribute by […]
The EU reiterated that it does not recognize the self-proclaimed SADR republic and reaffirmed its steady position in support of UN efforts towards a mutually acceptable solution to the regional dispute over the Sahara, in yet another blow to Algeria and its separatist puppets. The position was expressed by the spokesman of the European Commission […]