First Independent Mena Newspaper
A World Bank report released this week estimated that Libya’s economy suffered losses amounting to $600 billion over the past decade, calculated at 2015 constant values. These staggering losses underscore the severe impact of prolonged conflict and political instability on the nation’s economic potential. The report highlighted that without these disruptions, Libya could have achieved […]
Members of a delegation from the Chilean Parliament have praised the socio-economic achievements and the development momentum in the Dakhla-Oued Eddahab region in different fields. During the visit to the region, the Chilean delegation, led by the Speaker of Chile’s Chamber of Deputies, Karol Cariola, and the Vice-President of the Chilean Senate, Matias Walker, expressed […]
In anticipation of resuming the direct Casablanca-Beijing route on January 20, 2025, Morocco’s carrier Royal Air Maroc (RAM) inked 16 agreements with leading Chinese travel agencies, specializing in Morocco as a destination, during a ceremony held in Beijing. The agreements were initialed by RAM’s MENA & Asia Director Abderrahman Brahimi and RAM’s representative in China […]
Managing the water stress crisis, developing the transportation and mobility system, and adhering to the digital transition process are among the challenges and risks that must be tackled because they hinder development efforts in the Kingdom’s regions, King Mohammed VI said. “Needless to say, water stress is a challenge for all stakeholders, regions and local […]
Morocco is planning to build a new Mogador resort, near Essaouira, for a total investment on $230 million. The new resort will be funded by a consortium of investors, including Samih Sawiri, Hussain Al Nowais, and Hossam El Shaer, who committed to fund 50% of the investment, the head of the government office said in […]
The World Bank’s Board of Directors has approved a program worth $250 to help Morocco increase the resilience of its agri-food system to climate change and strengthen food safety and quality. “Overall, the Program is expected to benefit 1.36 million people, including almost 120,000 farmers and over one million consumers, with improved food safety and nutrition […]
King Mohammed VI has called on all stakeholders to double efforts in order to make advanced regionalization a lever for economic and social development that can help address development challenges, unequal growth, and regional disparities. The Monarch’s call comes in a message addressed Friday to participants at the 2nd National Conference on Advanced Regionalization, convening […]
King Mohammed VI called for speeding up the advanced regionalization process so that it can act as a lever for economic and social development and help address development challenges, unequal growth and regional disparities. In a message to participants at the 2nd National Conference on Advanced Regionalization held in Tangier December 20-21 , the King […]
Governor of Morocco’s central bank, Bank Al-Maghrib (BAM), Abdellatif Jouahri, said earlier this week that the legal framework governing crypto-assets in Morocco, currently undergoing adoption process, aims to regulate this ecosystem while preserving the financial innovation that can emerge from it. “We wanted to regulate the use of crypto-assets, without stifling the innovation that can […]
African countries face higher tariffs and tend to import relatively low-quality digital goods compared to other regions, especially in low-income nations, a recent research by World Bank economists has found. Despite relying heavily on imports, tariffs that African countries impose on imported digital goods are about three times higher than other regions, the research has […]