First Independent Mena Newspaper
East African trade is threading in the wrong direction as member states of the East African Community (EAC) are trading more with countries outside the bloc rather than with each another, owing to pesky trade barriers. While trading less within the EAC, members of the regional bloc are trading more with other African countries, particularly […]
Morocco and the German Development Bank (KfW) on Wednesday formalized three loan agreements totaling 250 million euros and two grant agreements amounting to 7 million euros. The agreements are earmarked for financing three pivotal projects focused on social protection, sustainable mobility, and irrigation. These agreements were signed in Rabat by Fouzi Lekjaa, Minister in charge […]
2023 will be remembered in Morocco as the year when a powerful earthquake struck several regions of the Kingdom on September 8th, leaving nearly 3,000 martyrs and many injured. But with tragedy comes unity. The quake, which hit hard the remote Atlas Mountain villages, has shown the strong bonds existing between the Throne and Moroccan […]
The hijacking of commercial ships and drone attacks by the Iran-backed Houthi rebels have disrupted supply chains leading many in Europe to think of Morocco as an industrial hub and an alternative to Asia. Weeks-long attacks on commercial vessels led global shipping firms- including Denmarks’s Maersk and Taiwan’s Evergreen- to avoid the Red Sea and […]
The Colombian designing and development company Quipux SAS has sold its minority shares in Abidjan-based Quipux Afrique SA, a company running integrated management center at the Transport ministry of the West African country. he company thus becomes a private company with 100% Ivorian capital. The Colombia firm sold its shares to Côte d’Ivoire, which owns […]
Morocco’s Directorate of National Security (DGSN) is celebrating year’s end with the release of its annual report whose main features reflect the ceaseless efforts made in counterterrorism, struggle against crime and drug trafficking, and regional and international cooperation. The report reflects the intensified efforts deployed in coordination between all the DGSN units to fight all […]
The United Kingdom is actively pursuing comprehensive trade and security post-Brexit agreements, the main aim being to unlock the significant opportunities abounding across the African continent, and particularly in Morocco, the gateway to Africa. Actually, since leaving the European Union, the UK has been eyeing the Moroccan market, considering it one of the promising markets […]
Libya’s stock market re-opened Monday December 25 for trading in the buying and selling of shares for entities listed in the Libyan Stock Market nine years after closure. Prime Minister Abdul Hamid Dbeibah attended the ceremony, local media Libya Observer reports. “This is a rebirth for the Stock Market sector, which enjoys a high position […]
Egypt, Iraq, and Jordan are putting the final touches to start operations on the first stage of the Arab Trade Line, the first-ever shipping/logistics line connecting several countries from the Arab Gulf to Egypt on the way to European and American ports, Ahram Online reports. Work is underway to build the Taba–Arish trade/logistics railway corridor, […]
The European Commission has approved a €177 million assistance for Morocco within the frame of the Integrated Program for the reconstruction and comprehensive upgrade of the disaster areas (2024-2028), which was drawn up by Moroccan authorities following the earthquake that struck Al Haouz on 8 Sept. 2023. Furthermore, in a joint effort between the EU […]