First Independent Mena Newspaper
King Mohammed VI of Morocco said Arab financial institutions should pool effort to address economic challenges in a context of geopolitical tensions and inflationary pressures while working together to fund climate action and concessionary finance in the region. To rise up to global challenges and risks to energy and food security in particular, “we clearly […]
Fitch agency has awarded Morocco ‘BB+’ rating consolidated with a stable outlook thanks to the country’s sound macroeconomic policies that has supported resilience to shocks, a favorable debt composition and a comfortable external liquidity buffer. Economic growth slowed in 2022 to 1.2% from 7.9% in 2021, as agricultural output contracted by 15% due to a […]
The Morocco-UAE Joint Economic Commission held its first ministerial session In Rabat this Thursday, under the chairmanship of Minister of Economy and Finance Nadia Fettah and her Emirati counterpart Abdullah bin Touq Al Marri. In an address at the opening of the session, Mrs. Fettah welcomed the level of distinguished relations between the two brotherly […]
Abu Dhabi National Energy Company (TAQA) and Britain’s Octopus Energy Group have joined the Morocco-UK subsea energy interconnection project led by Xlinks. The two companies have invested 30 million pounds ($37.3 million). TAQA invested 25 million pounds and Octopus 5 billion, Xlinks said. “The huge potential of the Morocco – UK Power Project will help […]
the U.S. Senior Coordinator for Atlantic Cooperation, Jessica Lapenn, hailed, Tuesday in Rabat, King Mohammed VI’s leadership in the Atlantic area. Morocco plays a leading role in the Atlantic area under the leadership of King Mohammed VI, the US official told reporters after a meeting with Minister of Foreign Affairs, Nasser Bourita. “We are in […]
The African Continental Free Trade Area (AfCFTA) needs to remove visas and reduce custom processes to ease movement of goods within the African continent — this is the main appeal voiced by the Pan-African Private Sector, under the umbrella body of the African Business Council (AfBC). During the AfCFTA Business Forum recently held in Cape […]
As fierce battles between armed forces loyal to two rival generals continue raging and with Sudanese counting their losses, the wider region is already reeling from the impact of the one-week conflict due to Khartoum’s economic importance in Northeast Africa, according to analysts. Khartoum’s economic importance to its neighbors have already been felt and, as […]
The “MENA Diplomat of the Year 2023” award was granted to Morocco’s Ambassador to the United Kingdom, Hakim Hajoui, during the 13th edition of the Diplomat magazine’s awards ceremony held on Monday. This award recognizes the forward-looking vision of King Mohammed VI and the exceptional progress scored by the North African Kingdom, said the Moroccan […]
The first 100% Morocco-made military vehicle, an important step in the industrial development of the Kingdom, will soon be presented to the world during the next edition of the Industry Meeting Days to be held in Tangier, announced the manufacturer FAR Group AFRICA. FAR Group AFRICA will unveil the ‘African Lion’, the first military vehicle […]
Chinese firms operating in Africa are often accused of underpaying local workers, but a new study conducted by British experts in Angola and Ethiopia suggests that this reputation is undeserved. As Chinese companies have become active in sub-Saharan Africa, they’ve earned a reputation for paying their local workers less than their Chinese colleagues. But based […]