First Independent Mena Newspaper
French hypermarket Géant Casino will invest about $64 million (EGP 1 billion) in Egypt as part of an expansion plan, reports say. The company, a subsidiary of Groupe Casino, as part of the plans, will open 15 new supermarkets, hypermarkets, and express markets in the Arab country. The announcement came the company inaugurated its first […]
Saudi Arabia and Libya will provide Tunisia a loan of $500 million each attached with affordable interests to help the North African country to overcome economic woes amid the ongoing political crisis. The news was revealed by Tunisie Numerique, which cited a source knowledgeable of the matter but who asked not be named because not […]
The production of olives is expected to increase this year by 21 pc compared to last year crop, said on Tuesday minister of agriculture Mohamed Sadiki at the Parliament’s upper house (Senate). Morocco’s citrus out is also expected to go up by 14 pc this season compared to previous year harvest, added the minister, noting […]
The Tunisian ministry of Transport and Logistic Monday named a new Chief Executive Officer for the national carrier, headless since the dismissal in July 2020 of a former executive on corruption charges. The new CEO Olfa Hamdi is tasked with developing a strategic action plan to save the airline and enable it to be competitive. […]
As the world is racing to stem the spread of the deadly pandemic with vaccination campaigns, the kingdom of Morocco appears to have taken the lead on the African continent with several deals to secure the most effective vaccines and with an early vaccination plan, French media Le Point notes. Indeed, the North African country […]
The Moroccan tourism, the hardest hit sector by the Covid-19 global pandemic, gets a precious boost from the low-cost carrier Ryanair which resumed on Oct.25 its operations in this North African country. The announcement was made by Mrs. Jason McGuinness, commercial director of the European airline. “We are pleased to support the Moroccan tourism sector […]
Morocco’s Tanger Med Industrial Zone ranked 2nd most attractive on a Financial Times FDI Intelligence ranking. Tanger Med Industrial Zone stood out in the ranking, dubbed FDI Global Free Zones of the Year 2020, which compares the competitiveness and attractiveness of 100 platforms across the world. Tanger Med was outperformed only by Dubai Multi Commodities […]
A group of British tourists landed Saturday in the coastal city of Agadir, becoming the first batch of international holiday makers to visit the North African country since March owing to the covid-19 pandemic. Low-cost airline Ryanair, Aujoud’hui.ma reports, landed at the city airport of Al Massira with the visitors welcomed by local tourism and […]
Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]
Morocco and Ethiopia are looking into ways of speeding up the implementation of the “Coalition for Access to Sustainable Energy”, an initiative launched by the two African countries during the Climate Action summit convened last year in New York. The initiative, which aims to ensure full access to energy for the least developed and other […]