First Independent Mena Newspaper
Morocco’s central bank has decided to keep its key rate unchanged at 3 percent due to the high degree of uncertainty surrounding the international developments and the domestic context in the aftermath of the earthquake that hit the country on Sept.08. The decision was made Tuesday by the Board of Bank Al-Maghrib after discussing local […]
The European Bank for Reconstruction & Development (EBRD) announced on Monday a €34.5 million loan to Dislog Group, a leading manufacturer and distributor of hygiene & pharmaceutical products. The funding consists of two tranches. €24.5 million will be used by Dislog to acquire Steripharma, a local pharmaceuticals manufacturer that provides affordable specialty generics medicines to […]
Morocco has acquired high-tech armament that would give it the upper hand in symmetrical or asymmetrical potential regional conflicts, said Forbes. Morocco reinforced its arsenal with game-changing air systems and weapons made by Israel and Turkey that helped Azerbaijan make inroads in the Nagorno Karabath war, wrote Paul Iddon on Forbes. After highlighting the efficiency […]
Morocco ranks first in Africa in matters of electronic security, as revealed in the 2023 edition of the global Digital Quality of Life Index, established by Surf Shark, a security company based in Amsterdam. The Kingdom has also advanced two spots globally compared to the previous ranking. According to the authors of the DQL Index, […]
Last year’s discovery off the shores of Namibia of an estimated 11 billion barrels of crude holds the promise of untold riches for this nation of 2.7 million people, but capitalizing on the bounty while avoiding the ills that afflict resource-rich countries in Africa — a phenomenon known as ‘resource curse’ — may prove challenging. […]
The Mohammed V University of Rabat won five gold medals and 13 innovation masters at the World Creativity & Innovation Week “IWA 2023”, held online last week in Las Vegas. The awards were presented to Professor Hassan Ammor, director of the Mohammadia School of Engineering (EMI) and his team, made up of Samiya Qanoune, Zakaria […]
Junior Budget Minister, Fouzi Lekjaa, announced that the emergency aid to the families affected by Al Haouz earthquake will be paid by the end of September. An agreement on extending the aid to the targeted population was signed between the ministerial departments concerned and la Caisse de Dépôt et de Gestion (CDG), said Lekjaa who […]
The development of Moroccan-German cooperation was the focus of a seminar held in Berlin on Friday by the German-Moroccan Skills Network “DMK”. The meeting, placed under the theme “Strategic dialogue to promote development cooperation”, was held as part of the commemoration of the 60th anniversary of the signing of the cooperation agreement between Morocco and […]
Among about 150 heads of state and government from around the world, dozens of African leaders have delivered speeches at the 78th session of the United Nations General Assembly (UNGA) in New York, addressing global and continental issues ranging from sustainable development to reparations for slavery to pledges to hold free and credible elections. The […]
Morocco’s private investment fund Al Mada and China’s CNGR Advanced Materials said they will partner to build an electric vehicle battery plant in Jorf Lasfar worth 2 billion dollars. The two parties announced in a joint statement that construction will start this year for the plant that is planned to be operational in 2025. Local […]