First Independent Mena Newspaper
Morocco has introduced incentives and removed legal barriers to encourage foreign companies to invest in its health sector and attract foreign doctors to fill in shortages, health minister Khaled Ait Taleb said. In an interview with Reuters, Health Minister Khaled Ait Taleb said the health system will have to deal with an increase in demand […]
Chariot energy company announced this Monday a major gas discovery offshore northern Moroccan city of Larache, following appraisal and exploration drillings carried out at the Anchois-2 well within the Lixus licence. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which holds a […]
Morocco and China signed the implementation agreement of the Belt and Road Initiative providing for further Chinese investments in the Kingdom. In a ceremony chaired by foreign minister Nasser Bourita and Vice President of China’s committee for reform and development (NDRC) Ning Jizhe, the two countries vowed to add momentum to bilateral cooperation. The new […]
The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]
The official celebrations of Morocco’s National Day at the World Expo 2020 Dubai were launched Sunday morning in the presence of a high-level Moroccan delegation led by Aziz Akhannouch, Head of Government. Located in the heart of the Opportunity District, near the United Arab Emirates’ pavilion and not far from Al Wasl Plaza, central monument […]
Morocco has prepared a propitious investment infrastructure in Dakhla in the Sahara region, which is now poised to serve as a gate for Africa, the Oxford Business Group said. The region already enjoys a GDP per capita that is twice higher than the national average and boasts a diversified economy that comprises fisheries, tourism, renewable […]
Moroccan banks have shown resilience to the impact of the Covid-19 crisis maintaining enough provisions to face the surge of the cost of risk due to a rise in impaired loans, analysts and the central bank say. The IMF has urged the Central Bank to keep ensuring that the Banks had enough provisions to deal […]
Morocco’s economic, social and environmental council (CESE) put forward a set of recommendations to cut the share of informal employment in the job market to 20%, a rate close to developed countries. According to national and international institutions, the informal economy accounts at least for 36% of all jobs in Morocco and it has a […]
Morocco is busy working to establish itself as a commercial and financial hub linking Africa and Europe, says American Consulting firm Kearney in its latest “Global Retail Development Index” report. Morocco’s economy is on the path to recovery, supported by an uptick in household consumption, export demand, and governmental policies, adds the GRDI research report […]
Leading companies in Egypt are facing serious shortage of skills in the recruitment process, US-based online Nexford University has revealed in a report, Zawya reports. A survey conducted by the Washington institution that defines itself as a breeder of “leaders not followers”, shows that 78 percent of companies, including PWC, Pfizer and the National Bank […]