First Independent Mena Newspaper
Algeria is Morocco’s first customer and supplier in Africa, despite the stalemate in political and diplomatic ties between the Maghreb’s two populous countries, which remain at loggerheads concerning a range of regional issues. A study issued by the OCP Policy Center, a policy oriented think tank based in Rabat, surprisingly showed that Algeria is Morocco’s […]
“Strengthening the competitiveness of Morocco’s economic fabric hinges on breaking away with the French model that is detrimental to economic development,” said trade and industry minister Moulay Hafid El Alamy who was speaking at a conference in his capacity as a businessman. The French mode has failed. It hinders entrepreneurship and favors employment by the […]
Japanese giant Asahi Glass Co. (AGC) has reached an agreement with Induver Holding to set up a joint venture in Morocco specialized in car glass manufacturing. The joint venture is expected to start production in 2019. It will produce laminated glass and tempered glass. It is AGC Group’s first operation in North Africa. The Japanese […]
Indonesian daily, The Jakarta Post, wrote on Sunday about the promising prospects for the development of economic ties between Indonesia and Morocco, which the paper described as a “regional power in North Africa.” Morocco is a “promising market as well as a gateway to both African and European countries for Indonesian products and investment, as […]
Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]
The first Economic Forum of Tunisian Expatriates organized by the Office of Tunisians Abroad (OTE) opened in Tunis on Thursday with the hope of promoting networking among Tunisians living abroad and encouraging investment in the country. Speaking at the opening ceremony, the Secretary of State in charge of Immigration and Social Integration Belgacem Sabri said […]
The Algerian daily Liberté announced Monday that the government has decided to freeze all equipment projects it was planning to carry out due to acute slash in oil revenues. The Algerian government whose economy largely hinges on oil revenues is unable to forge ahead with its large and nationwide equipment projects plan to refurbish its […]
Etisalat has announced that 20% of its stakes will be available to foreign individuals and institutions but a date has not been set yet for acquisitions. It will be the first time that foreign investors will have shares in the company. The company operates in around 18 countries across the Middle East, Africa and Asia. […]
Suspense has been building over the past few weeks about whether the French automaker PSA Peugeot Citroen would build a factory in Morocco or not. The suspense was finally dispelled on Friday. Morocco and the French firm have actually signed the accord under which PSA will build a factory in the North African country in […]
Turkish top business entrepreneurs on Wednesday met with Turkish politicians to urge them to overcome their differences and form as soon as possible a coalition government that will help solve many problems. A delegation of managers, members of the EU-Turkey Joint Consultative Committee, led by the head of the Turkish Union of Chambers and Commodities […]