First Independent Mena Newspaper
Rabat’s International University (UIR) and Israel’s Aerospace Industries (IAI) agreed to jointly set up a center of excellence on aeronautics, artificial intelligence, and innovation. A memorandum was signed as a follow up to a deal in this regard by the president of UIR Noureddine Mouaddib and Eytan Eshel CTO of IAI in a ceremony attended […]
Morocco is called upon to share its successful experience in renewable energies with African countries, said President of the African Development Bank (AfDB) Akinwumi Adesina, who is taking part in the AfDB annual meetings held in Sharm el-Sheikh, Egypt, this May 22-26. Morocco aimed high in capitalizing on renewable energy to develop its economy, said […]
Rich in phosphates and cobalt deposits, Morocco is poised to attract investments in the fields of electric batteries and environment-friendly vehicles as it pushes to achieve industrial sovereignty and expands high-tech manufacturing. The country’s officials have on multiple occasions mentioned an active quest to attract investors to build a gigafactory that will lure other EV […]
The World Bank issued its ranking of the globe’s best performing container ports, giving the fourth place to Tanger Med, which has outperformed African and Mediterranean counterparts. The report dubbed Container Port Performance Index (CPPI), compares operational performance across ports using 2022 data. Morocco’s Tanger Med port was only outperformed in the ranking by China’s […]
President of the Democratic Republic of the Congo (DRC), Felix Tshisekedi, will pay a state visit to China from 24-29 May where he is expected to meet President Xi Jinping and their meeting is widely expected to pave the way for the two countries to seal several key trade deals, including a $6 billion infrastructure-for-minerals […]
SKF, the world’s biggest bearings maker, announced on Monday a $4.9 million investment earmarked for building a manufacturing site in Tangier in Morocco. The Swedish company said the plant will enable it to meet growing demand for magnetic bearings used in turbomachinery and other high-speed applications, including hydrogen gas liquification and for oil-free industrial compressors. […]
The African Development Bank Group, AfDB, has greenlighted a partial credit guarantee of $345 million to Egypt for the financing of green and social projects, reports say. Egypt expects to use the credit guarantee to raise the equivalent of $500 million in the Chinese Yuan denominated Panda Bond market, issued by foreign borrowers, Egypt Today […]
As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]
King Mohammed VI chaired a ministerial council focusing on the farm output and decrees relating to defense as well as the approval of nominations to senior positions in multiple agencies and institutions. During the council, agriculture minister Mohamed Sadki mentioned that the cereals output this year is expected to improve 62% from last year to […]
Morocco is busy working to reduce its dependence on foreign-made weapons by developing its own defense industry, said Defenseweb online publication. To reach its strategic goal, Morocco signed in 2019 with Brazil an agreement to share military technology. The agreement, which includes “investment cooperation and facilitation” in military industry, is the first of its kind […]