First Independent Mena Newspaper
Moroccan port operator Marsa Maroc has signed a deal to start operating Benin’s Cotonou port terminals next month, a statement said. Marsa Maroc will operate terminal 1 and 5 in Cotonou’s port after winning an international tender issued by the company in charge of cargo handling, Société Béninoise des Manutentions Portuaires (SOBEMAP). Casablanca-listed Marsa Maroc […]
Morocco has agreed with Mano River Union to foster cooperation ties in security, economy, investment, finance, education, technical assistance, and vocational training. The Mano River Union, which was established in 1973, includes Liberia, Sierra Leone, Guinea and Côte d’Ivoire. The four African countries and Morocco share the same views and goals to spur regional growth […]
Italian oil company Eni announced on September 24 that it will begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with plans to launch an offshore drilling campaign in the Sirte Basin by the end of 2025. Speaking at the Libyan-Italian roundtable in Rome, Martina Obizzi, President of the North Africa and Levant region […]
Morocco’s central bank maintained its benchmark rate at 2.75% amid decreasing inflation. The bank said inflation would decrease to 1.3% this year as a result of falling food prices, the main driver for inflation in the country. Inflation would increase slightly to 2.2% in 2025 as the government negotiates a new wave of price hikes […]
Morocco and the United Arab Emirates have agreed to step up cooperation ties in security through the exchange of experiences in professional police training, advanced police studies and forensic science enabling law enforcement to deliver efficient & effective service. The agreement was inked Monday in Abu Dhabi during the working visit Abdellatif Hammouchi, Head of […]
Morocco will share its experience with Senegal in sustainable development and energy transition under an agreement inked Monday in Rabat by the two African brotherly countries. The agreement provides for the know-how transfer, technical assistance and the development of joint projects in good governance in sustainable development governance, climate change, eco-waste management and circular economy. […]
The Atlantic Initiative launched in 2022 by King Mohammed VI of Morocco was expounded at a ministerial meeting, held in New York Monday, under the chairmanship of US Secretary of State Antony Blinken. During the meeting, held under the theme “Partnership for Atlantic Cooperation,” Moroccan Foreign Minister Nasser Bourita made a presentation on the Royal […]
Morocco’s modernization program was highlighted as “ambitious” in an analysis by US think tank Carnegie Endowment for International Peace, which pointed out that the Kingdom has successfully inserted itself into global value chains. “The kingdom’s trajectory in the last quarter century has been characterized by an ambitious modernization program, greater sustainability, and entry into global […]
The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Moroccan car equipment supplier, Tuyauto, which produces stamped metal components, exhaust systems, and heat shields. The loan is guaranteed by the EU through the European Fund for Sustainable Development Municipal Infrastructure and Industrial Resilience program to support the company’s environmental […]
Japan has granted Morocco a $180 million loan to support the kingdom’s development policy program aimed at achieving universal health coverage. The loan is destined to accelerate progress toward universal health access, with focus on improving maternal and child healthcare services in rural areas. It also marks a significant boost to Morocco’s efforts to strengthen […]