First Independent Mena Newspaper
Egypt’s Minister of Trade and Industry Ahmed Samir, Tuesday August 1, as he began a trip to Turkey announced that the North African country plans to increase the volume of bilateral trade with Turkey. From $10 billion to $15 billion over the next five years. Samir’s visit (August 1-3) is the first for an Egyptian […]
Morocco’s trade deficit contracted by 6.8% in the first six months this year, thanks to a rise in car exports and a drop in energy imports, the foreign exchange office said. Imports dropped to 358 billion dirhams, while exports rose to 221 billion dirhams leaving a deficit of 138 billion dirhams. Morocco has prepared the […]
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market that should not to be ignored. In a sign of this deepening connection, Singaporean Prime Minister Lee Hsien Loong […]
After spending more than US$1 billion to acquire mining sites in Zimbabwe over the past two years, massive Chinese investment could help catapult Zimbabwe to become the world’s fifth biggest primary producer of the material that’s vital to battery electric vehicles and the green revolution, mining consultancy CRU said. The investments by Chinese companies, including […]
Morocco’s economy showed resilience to external shocks thanks to the diversification strategy and the reforms undertaken over the past two decades, said Governor of Bank Al-Maghrib in an address he made Saturday before King Mohammed VI. The Moroccan economy, suffering from a challenging global context and a particularly severe drought, grew by 1.3 pc in […]
The African Development Bank (AfDB) has approved a $70 million risk-sharing agreement with Morocco’s Banque Centrale Populaire (BCP) to develop foreign trade. This agreement is the second with BCP and is part of a program entitled “50/50 risk-sharing agreement for Morocco’s Banque Centrale Populaire”. It takes place in a context of tightening capital adequacy and […]
King Mohammed VI highlighted the need to commit to seriousness to materialize Morocco’s large-scale development and economic progress plans as well as to rise to challenges. Drawing on the memorable run of Morocco’s national team during the World Cup, the King highlighted in the Throne Day speech he delivered Saturday evening the impact of patriotism […]
Morocco seeks to transform itself into a regional business hub by leveraging its geographically strategic location, political stability, and world-class infrastructure to expand as a regional manufacturing and export base for international companies, says U.S. latest report on global investment climate. The North African Kingdom actively encourages and facilitates foreign investment, particularly in export sectors […]
Morocco, Tunisia, and Egypt are on their way to report a record tourism year in terms of revenue and arrivals as they all shed Covid-19 dust buoyed by growing demand from tourist emitting markets on Mediterranean destinations. Despite the global inflationary context and surge in ticket prices due to the Ukraine-Russia war, Egypt reported 7.7 […]
Israeli Arkia Airline Company will operate direct flights between Tel-Aviv and Essaouira starting next September under an agreement it signed Friday in Salé, near Rabat, with Moroccan National Tourist Office (ONMT). The new direct flight by Arkia Airlines will have a total capacity of 11,000 seats. Commenting the deal, ONMT Chief, Adel El Fakir, stressed […]