First Independent Mena Newspaper
The Moroccan government requested the approval of the parliament to increase its budget by an additional $1 billion or 10 billion dirhams to meet rising expenditures, Moroccan economic media reported. The funds are needed to bolster the budget amid an inflationary context marked particularly by drought and reforms. In this respect, 4 billion dirhams of […]
After leaving the grey list of the Financial Action Task Force (FATF) thanks to its financial transparence, Morocco exits the European Commission’s list of high-risk countries presenting strategic deficiencies in their anti-money laundering and countering the financing of terrorism (AML/CFT). The decision, announced this Wednesday by the European Commission, will help Morocco attract more foreign […]
OCP Group, the Moroccan state-owned global phosphate-based plant and animal nutrition solutions provider, and Fertinagro Biotech S.L., a major Spanish fertilizer producer, have finalized the acquisition by OCP of 50% Stake In Globalfeed S.L. In a joint press release issued this Wednesday, May 17, 2023, the OCP Group and Fertinagro Biotech S.L., a major fertilizer […]
Cooperation prospects between Morocco and the Republic of Ireland were at the center of the first meeting of the inter-parliamentary group held Tuesday remotely. The group, which gathers members from Morocco’s Parliament upper House and Irish senators, seeks to promote closer relations and understanding. It also aims to strengthen political, economic, and cultural partnership between […]
Morocco, Africa’s largest industrial powerhouse, is set to further expand the share of the secondary sector in its GDP by focusing on highly technological footprints with a Moroccan capital with encouragement from the country’s monarchy. King Mohammed VI has lifted the curtain on two prototypes made by Moroccans in the field of the automotive sector. […]
Economic growth in Morocco is expected to pick up to 3.1 per cent in 2023, announced on Tuesday by the European Bank for Reconstruction and Development (EBRD). In its latest Regional Economic Prospects (REP) report, the Bank’s analysts explained the projected Moroccan economic growth by the anticipated agricultural recovery, moderate inflation and the country’s removal […]
King Mohammed VI, presided, on Monday at the Royal Palace in Rabat, over the presentation ceremony of the model of the first Moroccan car manufacturer and the prototype of a hydrogen vehicle developed by a Moroccan, two innovative projects that will strengthen the promotion of the “Made In Morocco” Label and consolidate the Kingdom’s position […]
The London-based mining company Aterian announced on Monday it discovered high grade silver in its geological reconnaissance operations conducted in its Jafra project located 35 km northeast of Marrakech. The Project is one of 15 copper, silver and base metal projects owned by Aterian, covering a total area of 762 km2 in Morocco. It lies […]
Morocco has contributed to the African Continental Free Trade Area (AfCFTA) through numerous socioeconomic integrated projects launched in several African countries to improve their infrastructures, industry, university & vocational training, health system, and strengthen their food & energy sovereignty. The remarks were made Monday in Johannesburg by Speaker of the Moroccan Parliament’s Upper House Enaam […]
US Secretary of State Antony Blinken had this Monday, May 15, a phone call with Moroccan Foreign Minister Nasser Bourita, during which the two officials discussed the ceasefire between Israel and Gaza, as well as security and peace in the region. The US Secretary of State announced the phone call in a post on his […]