First Independent Mena Newspaper
The IMF expects the Sub-Saharan African economy to grow by 3.6% in 2024 and 4.2% in 2025, noting that growth remains “subdued and uneven.” Resource-intensive countries continue to grow at about half the rate of the rest of the region, with oil exporters struggling the most, the IMF said in its regional economic outlook. “Factors […]
United Airlines launches New York-Marrakech flight US carrier United Airlines launched on Friday a direct flight from New York to Marrakech, a first by an American airline to Morocco and North Africa. Patrick Quayle, the US company’s Senior Vice President of Worldwide Network and Alliances, and several United Airlines executives, and 35 travel consultants from […]
The first-ever Global Conference on the Role of Artificial Intelligence in Advancing the Implementation of the Chemical Weapons Convention (CWC), held in Rabat Oct.22-24, highlighted the potential of AI in advancing the peaceful uses of chemistry, enhancing verification capabilities, and strengthening chemical safety and security. A joint press release issued by Morocco’s National Authority for […]
Maroc Telecom reported a soaring debt to 23 billion dirhams, up 32.1% as a result of the compensation it was asked to pay to its competitor Inwi for violating fair competition rules. In July, a commercial court in Casablanca upheld a first instance verdict that found Maroc Telecom guilty of violating free competition rules and […]
Morocco became the second largest supplier of frozen fish to the Russian market with 2200 tons in the first ten months this year, Russian official data showed. Out of the 10,000 tons of fish imported by Russia, Vietnam came first with 2500 tons. Russia and Morocco also consider renewing a fisheries deal that […]
The gala dinner of the Fashion Trust Arabia was held Thursday evening in Marrakech under the chairmanship of Morocco’s Princess Lalla Hasnaa and Qatar’s Sheikha Al Mayassa bint Hamad Al Thani. The event, organized as part of the Qatar-Morocco 2024 Year of Culture, featured a photos exhibition by Tala Hadid, and the screening of a […]
The draft budget for 2025 provides for an array of measures to curb the impact of imported inflation on the citizens’ purchasing power, including wage hikes, cancelation of VAT and customs duties on some basic foodstuff, and subsidies. Under the new budget, monthly salaries lower than 6000 will be exempted from the income tax, while […]
The International Finance Corporation has announced a $37 million investment in Morocco’s logistics service provider BLS to support the company’s growth strategy and strengthen Morocco’s position as a regional logistics and trade hub. The IFC funding will help BLS finance its expansion plans, which include creating an estimated 500 new jobs by 2030 through the […]
The Moroccan government increased the budget allocated for defense to 133 billion dirhams ($13.5 bln) as it prepares to promote defense industries and upgrade equipment, as shown in the draft budget for 2025. This year, Morocco’s defense budget was at 124 billion dirhams, highlighting the country’s efforts to modernize its army with state-of-the art technologies. […]
The Finnish multinational telecommunications and information technology corporation has inaigurated its first innovation center in Africa and the Middle East, in Salé, Rabat’s twin city. The innovation center is equipped with advanced technologies spanning over fixed, IP and optical networks from Nokia’s entire portfolio of network infrastructure. This infrastructure has been tested and developed by […]