First Independent Mena Newspaper
Turkish automotive supplier Martur Fompak International inaugurated an industrial plant on Tuesday, March 1 in Tangier Automotive City. Built over 38,487 m², the plant required an investment of more than $35.6 million (340 million dirhams) and will allow the creation of 1,150 jobs. Located in one of Morocco’s biggest industrial zones, the factory […]
The Moroccan Federation of Pharmaceuticals Industry and Innovation (FMIIP) has partnered with the International Finance Corporation to enhance the sector’s efficiency and mitigate climate change by reducing water and energy waste. Under an agreement sealed Tuesday, IFC pledged to help FMIIP members in reducing their carbon and water footprints and improving efficiencies in their production […]
Morocco’s economic activity has recovered most of the ground lost during the severe global recession of 2020 with a growth rate of 6.3% last year and medium-term growth prospects of 3.5%, as the country continues its fiscal and monetary stimulus, the IMF said. Morocco has posted the highest growth rate in the MENA region in […]
Morocco outperformed other emerging African markets in terms of logistics and supply chains in the annual Agility Emerging Markets Logistics Index. The Index ranks countries for overall competitiveness based on their logistics strengths, business climates and, for the first time, their digital readiness. It also takes into account factors that make markets attractive to logistics […]
Former Head of Spanish News Agency EFE, Luis María Anson, has voiced concern over Washington’s growing preference of Morocco over Spain, saying such a tendency will weaken Madrid’s regional and international influence. The U.S. administration is suspicious of the Spanish government’s rapprochement with the communist party, but also of Pedro Sánchez’s open or undeclared ties […]
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 […]