First Independent Mena Newspaper
Global fertilizer suppliers have benefited from high fertilizer prices in 2022-23 but, by and large, they have undermined production, contributed to high food prices, and exacerbated food insecurity, according to experts. Global fertilizer suppliers made incredibly high profits in 2022/23 on the back of price spikes attributed to the Russia-Ukraine war, as the profits of […]
Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]
Conservative MP James Duddridge has described Morocco as a longstanding partner and friend offering UK huge post-Brexit trade opportunities. In an Op-Ed published Wednesday by the House, founded by a cross-party group of UK MPs, Mr. Duddridge said when it comes to post-Brexit trade opportunities, the UK government is right to prioritise building on the […]
Indian multinational information technology services and consulting company HCLTech launched a Global Delivery Center (GDC) in Rabat, Morocco, as part of the company’s nearshore strategy to serve global enterprises, announced HCLTech this week. The company said that the launch follows the signing of a memorandum of understanding between HCLTech and the government of Morocco in […]
The Archives of Morocco and the Archives of Israel signed, on Wednesday in Rabat, a memorandum of understanding (MoU) aimed at preserving the Jewish-Moroccan memory and heritage. The MoU, initialed by the director of Morocco’s Archives, Jamaa Baida, and the head of Israel’s Archives, Ruth Avramovitz, who is visiting the Kingdom, will allow to enrich […]
The World Bank has approved a $350 million results-based financing program to support Morocco implement its National Program for Drinking Water Supply and Irrigation (PNAEPI 2020-2027) in the framework of the 30-year National Water Plan (PNE, 2020-2050). Launched in 2020, PNAEPI aims to improve water security by accelerating investments in the sector and strengthening the […]
British consulting firm RPS won a contract to undertake a study on the meteorological and oceanographic conditions for the Nigeria-Morocco gas pipeline. The contract was awarded by Morocco’s mines and hydrocarbons agency ONHYM and the Nigerian National Petroleum Company, RPS said on its website. The pipeline project is supported by the Organization of the Petroleum […]
The construction works of Morocco’s first hatchery for marine fishing were launched this week in the kingdom’s northern region. This structuring project for the national aquaculture sector, which covers an area of 2.28 hectares and requires a $12.3 million investment, will provide the upstream part of the value chain with a reliable source of fingerling […]
The launch of the electronic visa, “eVisa”, by Morocco on July 10, 2022 has had a positive impact, making the visa granting procedure much smoother and easier for certain foreign nationals requiring a visa to visit the country, the Ministry of Foreign Affairs said. One year after its launch, the eVisa system has processed more […]
Chairman of the Economic, Social and Environmental Council (CESE), Ahmed Reda Chami, advocated four fundamental axes for building the Moroccan model for a successful social state, which reflects its history, culture, values and resources. Speaking at the opening of the 6th Morocco Today Forum, held in Casablanca, Chami emphasized that it is first and foremost […]