First Independent Mena Newspaper
The Mohammed VI Investment Fund has officially designated 14 management companies to oversee thematic and sectoral investment funds aimed at supporting Moroccan startups and innovation-driven enterprises. This announcement follows a highly competitive call for expressions of interest launched on April 15, 2024, which attracted 47 applications from both domestic and international firms. The selection process […]
Amid improving Moroccan-Spanish ties, Spain’s PP party chose to swim against the current, extending an invitation to members of the Algeria-backed Polisario separatist group. The hostile stands of the PP party, which runs the occupied cities of Ceuta and Melillia, triggered a letter from the Istiqlal party urging a clear stand on the Sahara issue. […]
Morocco’s dirham appreciated 1.3 percent against the U.S. dollar while weakening 0.7 percent versus the euro between May and June 2025, according to Bank Al-Maghrib’s latest monthly economic review, reflecting broader currency market dynamics and the euro’s strength. The central bank attributed these movements partly to the euro’s 2.1 percent appreciation against the dollar during […]
Morocco has positioned itself as the driving force behind Africa’s energy transformation, combining strategic investments, institutional innovation, and regional partnerships to address the continent’s energy paradox, according to a new analysis by global energy expert Mehmet Öğütçü. Despite Africa possessing over 60 percent of global solar potential and vast critical mineral reserves, more than 590 […]
Morocco will import up to 20% of its annual soft wheat needs from the United States for the first time, according to Moulay Abdelkader Alaoui, president of the National Federation of Milling (FNM). This strategic shift comes amid a global drop in wheat prices, driven by expectations of record harvests worldwide, Alaoui told Medias24. The […]
Morocco has formally established Fondation 2030, a national body responsible for coordinating the country’s preparations for the FIFA World Cup 2030, which it will co-host with Spain and Portugal. The foundation was created by a Decree, published in the Official Gazette on July 8, 2025. It is recognized as a public utility foundation and will […]
Mauritania’s economic growth is projected to decelerate to 4.0% in 2025, down from 5.2% in 2024 and 6.5% in 2023, according to the International Monetary Fund’s (IMF) latest Article IV consultation. The slowdown is attributed primarily to a contraction in the extractive sector, which has been a key driver of recent growth. While the economy […]
The upcoming meeting of the Morocco-EU joint Parliamentary Committee is scheduled in Rabat by the end of October. The announcement was made by the Committee co-chairs, Lahcen Haddad and Ruggero Razza, following videoconference talks. In a joint press release, the Committee’s Co-Chairs underlined the timeliness of the planned meeting as it would follow shortly after […]
The Islamic Development Bank (IsDB) has approved nearly $297 million to fund major development projects in Côte d’Ivoire, Gambia, and Mauritania. The funds aim to boost job creation, strengthen public services, and drive inclusive growth. The approval came during the IsDB’s 361st Board of Directors meeting held at the beginning of this week. The financing […]
Morocco qualified for the quarter-final of the CAF Women’s Africa Cup of Nations 2024 after beating Senegal 1-0 in a match played Saturday evening in a fully-packed Olympic stadium in Rabat. The Moroccan goal was scored by Yasmin Mrabet from the penalty spot in stoppage-time at the end of the first half after Senegal goalkeeper […]