First Independent Mena Newspaper
Saham Group said it has completed the acquisition of the Moroccan subsidiary of French Société Générale SGMB and its insurance business, La Marocaine Vie. Moulay Hafid Alamy has been appointed president of SSGMB following the sale. Earlier this year, Société Générale announced the sale of its majority shares at 57% of SGMB to Saham. The […]
Italy’s Ecoprogetti Company, a leader in solar panels manufacturing, has increased the production capacity of its plant in Morocco from 500 MW to 1 GW, strengthening the country’s transition to a green economy. The plant, located in the city of Al Hoceima, is operated by Almaden Morocco. It is the largest solar module manufacturing site […]
King Mohammed VI is represented at the One Water Summit, which opened this Tuesday in Riyadh, by Head of Government Aziz Akhannouch. The summit is addressing the global scarcity of water resources and the related challenges. The One Water Summit, held alongside the 16th session of the Conference of the Parties (COP16) of the United […]
In the first ten months this year, tourism revenue and remittances from Moroccans abroad steadily increased on the way to break last year’s record. Tourism revenue grew to $9.7 billion, while remittances from Moroccans living abroad reached nearly $1 billion, auguring well for the country’s foreign exchange reserves, currently covering 5.5 months of import needs. […]
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, […]