First Independent Mena Newspaper
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
Moroccan police intercepted over the weekend near the region of Taroudant a utility vehicle carrying 90 bundles of cannabis weighing in total 3 tons. The driver, aged 37, was arrested. He has criminal records and was on police drug watch-list for his ties with international drug trafficking networks. Investigation led to the seizure of a […]
Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]
The United States supports the efforts of the new personal envoy of the UN Secretary General for the Sahara Staffan de Mistura, that it described as “one of the most experienced diplomats in the world”, to find a political solution to the dispute over the Sahara. The statement was made by a senior official in […]
Countries of the Gulf Cooperation Council have sent a strong blow to Algeria’s attempt to make of the next Arab Summit it plans to host an anti-Moroccan event. In unequivocal terms, the GCC reiterated support to Morocco’s sovereignty over the Sahara, to the latest UN Security Council resolution which calls for a mutually acceptable solution […]
Morocco’s crackdown on all sorts of smuggling and contraband originating from the enclaves of Ceuta and Melilla under Spanish occupation has helped the country gain an additional 4 billion dirhams in customs revenue. Since the outbreak of the coronavirus, Morocco has maintained its borders closed with the two cities to fight the virus but the […]
King Mohammed VI has sent messages of thanks and gratitude to the heads of state of the Gulf Cooperation Council (GCC) for their clear support for the Moroccan identity of the Sahara. This came in separate messages to King Salman Ibn Abdulaziz Al-Saud of Saudi Arabia; the King of Bahrain Hamad Ben Issa Al Khalifa; […]
Morocco’s Central Bureau of Judicial Investigation (BCIJ) arrested a 24-year-old ISIS supporter in Sale, Rabat’s twin city, Thursday. The suspect was plotting terror acts across Morocco and had connections with another ISIS member, the BCIJ said in a statement released Friday evening. This arrest is the result of bilateral cooperation relations and close coordination between […]
The Netherlands and Morocco are looking into the possibility of signing an extradition treaty, according to Dutch daily NRC which cites a letter sent by Foreign minister Ben Knapen to the Lower House of the European country’s parliament. The treaty is part of a broader action plan agreed last July between the two countries to […]
The Moroccan city of Marrakech has been selected to host 10th International Conference on UNESCO Global Geoparks scheduled for September 2023. The decision was made by the Executive Board of the Global Geoparks Network during its held in Jeju island, South Korea, Dec.12-16. Brazil, Mexico and France were also bidding for the 10th international conference […]