First Independent Mena Newspaper
The Moroccan central bank, Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25 percent following its third quarterly board meeting of 2026, citing elevated uncertainty linked to geopolitical tensions and their impact on global supply chains and key inputs for domestic industries. In a statement after the meeting, the central bank said the […]
Minister of Foreign Affairs Nasser Bourita, said on Tuesday that the Palestinian issue remains an “enduring priority” of Morocco’s foreign policy, reflecting an unwavering conviction in the justness of the cause and its central role in establishing peace and stability in the Middle East. In a speech delivered on behalf of Morocco during the general […]
The Chamber of Commerce, Industry and Services for the Tangier-Tétouan-Al Hoceima region (CCIS-TTA) will hold a third training cycle for entrepreneurs and project holders from the region, running from September 24 to October 8 in Tangier, focused on digital marketing, content creation and artificial intelligence. Organizers said the program aims to help participants better exploit […]
The International Monetary Fund (IMF) forecasts a decline in Algeria ‘s foreign exchange reserves from $51 billion in 2025 to $46.5 billion this year, before plummeting to 19.8 billion in 2031, a 61.2% contraction that would reduce the country’s import coverage from 8.6 months to 3.3 months. In a statement issued after concluding Article IV […]
OCP Maintenance Solutions, a subsidiary of Morocco’s OCP Group, has partnered with NTN Europe to bring AI-powered predictive maintenance solutions to industrial companies across Europe, the two companies announced. The partnership combines OCP Maintenance Solutions’ expertise in artificial intelligence and industrial data with NTN Europe’s knowledge of bearings, rotating equipment and industrial diagnostics, aiming to […]
Morocco’s consumer price index fell 0.3% year-on-year in August 2026, marking a second consecutive month of negative annual inflation after a 0.6% decline in July, according to the High Commission for Planning (HCP). The drop was driven primarily by a 3.9% annual fall in food prices, which more than offset a 2.5% rise in non-food […]
Morocco’s Foreign minister Nasser Bourita conducted a dense series of bilateral and multilateral engagements on Sept 21 in New York on the sidelines of the 81st session of the United Nations General Assembly. The highlight of the day was a high-level meeting with Chilean Foreign Minister Francisco Pérez Mackenna, held in the presence of Chilean […]
Morocco’s National Office for Electricity and Potable Water (ONEE) is studying an expansion of Laayoune’s seawater desalination plant to meet growing water demand in the city and surrounding areas. The project would add a third production unit with capacity of up to 300 liters per second, or around 26,000 cubic meters a day, using reverse […]
Afric Industries, a Tangier-based industrial group, posted net profit of 3.95 million dirhams for the first half of 2026, up 25% from 3.17 million dirhams a year earlier, with earnings growth outpacing revenue growth. Revenue rose 5% to 22.49 million dirhams over the first six months, from 21.32 million dirhams in the same period of […]
The 20th Forum of training directors from Francophone Central Banks opened in Nouakchott this Tuesday, 22 September 2026, with discussions focused on preparing staff for changing roles in the financial sector. Hosted by the Central Bank of Mauritania, it runs until 24 September. Governor Mohamed Lemine Ould Dhehby said central banks needed training that would […]