First Independent Mena Newspaper
Moroccan wheat traders FNCL and the Russian grain trader’s union (Rusgrain) signed a deal to promote Russian grain exports to Morocco as the north African Kingdom seeks to diversify suppliers and build strategic stockpiles of key staples. The deal was signed on November 29 during a visit of a delegation of 37 Russian wheat traders […]
The joint bid submitted by Morocco, Portugal and Spain to host the 2030 World Cup, only bid in contention, presents a “very strong all-round proposition” and exceeds “minimum hosting requirements” in the technical evaluation, La Fédération Internationale de Football Association (FIFA) stated in its bid evaluation report. First and foremost, the joint bid for the […]
Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]
Moroccan inventor Fouad Faqiri won, on Friday, the gold medal at the Seoul International Invention Fair (SSIF), held in the Korean capital November 27-30. During the event, Faqiri also received an honorary award from “Citizen Innovation,” a Singaporean alliance working to promote innovators, as well as the title of “Innovation Icon” awarded by the Malaysian […]
“Since its historic launch in September 2001, the Marrakech International Film Festival has brought together some of the biggest names in the cinema world, confirmed Morocco as a prime destination for major foreign productions, and in so doing, the Festival contributes to the dynamism of Morocco’s film industry and the development of its talent,” stressed […]
The Forum of Presidents of Legislative Powers of Central America, the Caribbean and Mexico (FOPREL) lauded on Wednesday in Rabat the Royal Atlantic Initiative launched by King Mohammed VI and his move to promote access of Sahel countries to the Atlantic Ocean. Under the terms of a decision adopted unanimously following its 30th extraordinary session, […]
Al-Waha Oil Company has achieved its highest oil production level in over 11 years, according to an announcement by the National Oil Corporation (NOC) on Wednesday, November 27. Daily production for Al-Waha reached 350,549 barrels of crude oil, contributing significantly to Libya’s total crude output of 1,380,470 barrels over the past 24 hours. Additionally, Libya’s […]
Morocco’s central bank has prepared a draft law allowing the use of crypto assets in the country, Central Bank governor Abdellatif Jouahri said. The central bank “with the participation of all stakeholders and the support of the World Bank, has prepared a draft law regulating crypto assets, which is currently in the adoption process,” Jouahri […]
The Forum of Presidents of the Legislative Powers of Central America, the Caribbean, and Mexico (FOPREL) announced on Wednesday in Rabat that the Moroccan Parliament had been promotes from “permanent observer member” within FOPREL, granted in 2014, to “advanced partner”. The decision, voted unanimously by FOPREL members, was announced at the Forum’s 30th extraordinary session […]
The United Nations Postal Administration (UNPA) issued stamps on 26 November to commemorate World Sustainable Transport Day featuring six high-speed trains, including Al Boraq operated by Morocco’s national railway company. “Al Boraq”, the first of its kind in Africa, links the industrial hubs of Tangier to Casablanca through Kénitra and Rabat. The train travels at […]