First Independent Mena Newspaper
Moroccan company Somagec has signed a preliminary deal to build a power link between Angola and the Democratic Republic of Congo (DRC), for $1.3 billion. The project will bolster the integration of the region’s energy market, in an area where access to electricity is still low. The high-voltage transmission lines will also enable Angola to […]
The Artificial Intelligence (AI) Action Summit held in Paris Feb.10-11 was marked by debates and brainstorming sessions attended by global leaders and stakeholders. The event resulted in the adoption of a Statement on Inclusive and Sustainable Artificial Intelligence for People and the Planet. Sixty countries and organizations, including Morocco, agreed on “key priorities” to guide […]
Chairman of the U.S. Joint Chiefs of Staff Gen. CQ Brown and Inspector General of the Royal Moroccan Armed Forces & Commander of the Southern Zone Lt. Gen. Mohammed Berrid have reaffirmed commitment to advancing security cooperation activities between the two countries to improve security in the Sahel and Maghreb regions. During a phone conversation […]
The International Monetary Fund (IMF) commended Morocco’s tax reforms which enabled an enlargement of the tax base, narrowed the fiscal deficit and helped finance key reforms. “As a result, tax revenues in 2024 have been greater than expected. With only a small part of the additional tax revenues being saved, the central government’s deficit for […]
The European Bank for Reconstruction and Development injected 38.4 million euros-via a green bond issuance- in Moroccan rail operator ONCF, as the latter expands its network. “Issuing the bond will partially refinance the debt from ONCF’s latest development round designed to modernize and electrify the network; acquire and upgrade electric rolling stock; address safety units […]
Karlina Valeiko, deputy digital editor at National Geographic Traveller, has succumbed to the charm of Essaouira and to its rich cultural heritage and vibrant artistic scene, praising the Moroccan Atlantic port city for blending Amazigh, Arabic, and European influences to create a unique atmosphere that continues to attract visitors. Over the centuries, the city’s famed […]
Egypt’s urban inflation rate has experienced a slight reduction for the fourth consecutive month, falling to 24% in January, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on February 10. This marks a modest decline from the 24.1% recorded in December 2024. On a year-on-year comparison, inflation has dropped by 0.8 percentage […]
Security challenges faced by both Morocco and Spain and other issues of common interest were reviewed at a meeting in Madrid Monday between the two countries’ Interior Ministers Abdelouafi Laftit and Fernando Grande-Marlaska. During this in-depth dialogue, the two officials underlined the richness and fluidity of bilateral cooperation in security matters and highlighted the significant […]
Morocco’s state-owned rail operator ONCF raised $200 million via a green bond that was five times over-subscribed with a total demand reaching $1 billion. The bond was part of ONCF’s green push, as it plans to expand the national rail network. The four-tranche bond had maturities ranging from 10 to 15 years at rates varying […]
Iraq reiterated, on Saturday, its constant position in support of Morocco’s territorial integrity, and praised the international momentum in favor of the autonomy plan for the resolution of the dispute over the Moroccan Sahara. This stance was expressed in a joint statement released following talks in Rabat between Iraq’s Deputy Prime Minister and Foreign Minister […]