First Independent Mena Newspaper
Moroccan automotive industry is gaining momentum and growing at a rapid pace due to incentives and competitive factors attracting more and more investors and makers of car parts. These factors include Morocco’s proximity to European market, modern infrastructures, free trade zones, qualified cheap manpower, open economy and stability. French car manufacturer Peugeot-Citroën has just launched […]
The growing diplomatic rift between Qatar and other regional Doha as S&P downgraded its credit rating from AA to AA- while warning that further steps in this vein could follow. The decision was made late on Wednesday. The crisis has also reflected on the country’s stock market as it slipped by 9%. The riyal has […]
Morocco reinforced its attractiveness for FDIs on the African continent thanks notably to its political stability and economic reforms, said the London-based multinational professional services firm, Ernst and Young (EY). According to EY’s latest Africa Attractiveness Index (AAI), Morocco was ranked the most luring for foreign investors, followed by Kenya, South Africa, Ghana and Tanzania. […]
Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]
Fifteen Ministerial delegates representing both northern and southern Mediterranean countries have signed on Thursday a flagship Declaration whereby they make a 10-year pledge to save the Mediterranean fish stocks and protect the region’s ecological and economic wealth. The text, dubbed Malta MedFish4Ever Declaration, crowns months of negotiations that started in Catania, Sicily in February 2016, […]
Over 1200 African businessmen and senior government officials from nearly 40 countries are taking part in the 5th International Africa Development forum which opened doors Thursday in Casablanca, Morocco’s economic capital, under the theme: “New Inclusive Growth Models in Africa”. The two-day event seeks to promote trade and investment between African countries which are urged […]
United Arab Emirates-based aero-structures manufacturing company is eyeing investment in Morocco to ease supplies to its European market. The announcement was made by the company’s CEO Badr Al Olama in a statement to Reuters. “We are looking for a country near Europe, I have mentioned Morocco,” Al Olama said. Strata is owned by Mubadala Aerospace […]
Morocco and China are eager to extend their economic cooperation to the African continent as Chinese investors seem poised to build on Morocco’s strategic location and business ties with Africa, said The Diplomat, a magazine specializing in the Asia-Pacific region. “Morocco can be China’s gateway into West Africa and beyond, where Moroccan companies and businessmen […]
In the face of the paralysis crippling the Maghreb union, Morocco opted to look south reaching out to its partners in West Africa with whom it has been building partnerships on a sound foundation underpinned by a south-south cooperation approach. The recent request by Morocco to join the West African economic community (ECOWAS) is the […]
Côte D’Ivoire has been receiving most of Morocco’s foreign direct investments thanks to sustained efforts by the business community in the two countries and the existence of a strong political willingness evidenced by the close ties between the leadership of the two countries. The current visit of King Mohammed VI to Abidjan is part of […]