First Independent Mena Newspaper
French Veolia plans to sell its stake in utilities company Lydec, a Casablanca-listed company that manages water supply, electricity distribution, and sewage. Veolia will sell its stakes to Société Régionale Multiservices Casablanca-Settat, in line with authorities’ plan to put utilities under the authority of regional companies owned by the state. Lydec oversees the delegated management […]
Morocco’s largest telecom operator, Maroc Telecom, is expected to take a blow in terms of its profitability at the Casablanca stock exchange after losing a case brought by its competitor Wana Corporate. Maroc Telecom said it will appeal the decision by a commercial court in Casablanca ordering the operator to pay Wana corporate, known by […]
Airline Company Binter on Saturday resumed direct flights between Essaouira-Mogador International Airport (ESU) and Gran Canaria Airport (LPA), marking its second consecutive year of summer links between the two destinations. Flights of the Spanish-regional airline will operate every Saturday until mid-September, with a 22% increase in capacity compared to the previous year. After a flight […]
The key features of the Royal Initiative for the Atlantic took center stage at the 7th edition of the international conference “Morocco Today Forum” (MTF), organized on Friday, July 5 in Dakhla, under the high patronage of King Mohammed VI. The “Morocco Today Forum” was held under the theme: “Vision of a King: The Atlantic […]
The World bank will contribute to the reform of Morocco’s public institutions & enterprises with a $350 million financing. The financing agreement was signed Thursday in Rabat by Minister of Economy and Finance, Nadia Fettah, and Director of the Maghreb and Malta Department of the World Bank, Jesko Hentschel. During the signing ceremony, Nadia Fettah […]
Morocco and the European Union (EU) signed, in Rabat on Wednesday, a 490-million-dirham program to support higher education, research, innovation, and mobility. The program, which marks a notable step in the EU’s educational outreach, supports Morocco’s National Plan for Accelerating the Transformation of the Higher Education, Scientific Research and Innovation Ecosystem (ESRI 2030 Pact), meant […]
The appeals commercial court of Casablanca ordered Maroc Telecom to pay 6.3 billion dirhams to its competitor Inwi, which brought the case accusing Morocco’s largest telecom operator of anti-competitive practices. The ruling upholds the compensation ordered by a court of first instance in January, in a case that was filed by Inwi in 2021. In […]
The European Bank for Reconstruction and Development (EBRD) on Tuesday reaffirmed its support for Morocco’s energy transition by providing a €13.6 million loan to PROCANEQ, a company set up in Morocco in 2016 to provide mining subcontracting services to OCP Group. The EBRD financing, meant to step up the sector’s green transition, will be used […]
Morocco’s trade deficit narrowed by 1% from January to May to 117 billion dirhams ($11.7 bln), after exports rose to 191 billion dirhams, but still less than imports at 308 billion dirhams. The automotive sector topped Morocco’s exports at 67 billion dirhams, up 12%, auguring well for another record exports this year. Aeronautics was the […]
An official Moroccan trade delegation held talks in Washington with top officials at the he U.S. Department of Commerce on building on their existing Free Trade Agreement to further boost ties. The Moroccan delegation was led by industry and trade minister Ryad Mezzour, while the US delegation was chaired by the US Assistant Trade Representative […]