First Independent Mena Newspaper
In the evolving architecture of global alliances, the Morocco–India relationship stands out as a model of pragmatic diplomacy backed by concrete win-win projects and cooperation notably in the fields of defense, industry, and farming. Once distant players on opposite sides of Cold War-era ideological divides, the two nations have, over the past two decades, forged […]
Morocco echoed a growing coalition of African nations at the United Nations General Assembly this week, calling for a more equitable global order and stronger African representation in international decision-making. Prime Minister Aziz Akhannouch, speaking on behalf of Morocco, emphasized that Africa is central to King Mohammed VI’s foreign policy vision, describing the continent as […]
Banking deposits in Morocco have experienced consistent growth over the past decade, reaching 1.271 trillion dirhams ($120 billion) in 2024 compared to 740 billion dirhams in 2014, representing a remarkable 72% increase. Bank Al-Maghrib monetary statistics confirm this robust upward trajectory, with deposits surpassing the one trillion-dirham milestone in 2020. The growth pattern demonstrates strong […]
Morocco’s exports to the European Union are unlikely to face significant disruption in the short term following the implementation of the EU’s Carbon Border Adjustment Mechanism (CBAM), according to the country’s Economic, Social and Environmental Council (CESE). The CBAM, which comes into force on January 1, 2026, is designed to equalize the carbon cost of […]
Morocco’s King Mohammed VI launched a series of major rail infrastructure projects in Casablanca, part of a broader national mobility plan valued at 96 billion dirhams ($9.3 billion). The new initiatives, worth 20 billion dirhams, aim to improve urban and regional connectivity across the Casablanca metropolitan area and support Morocco’s long-term sustainable development goals. The […]
Morocco’s central bank will begin implementing inflation targeting in January 2027, marking a major shift in its monetary policy framework, while maintaining its current exchange rate regime for the time being, Bank Al-Maghrib Governor Abdellatif Jouahri said. Speaking after the bank’s quarterly board meeting in Rabat Monday, Jouahri said the Moroccan economy is not yet […]
Moroccan foreign Nasser Bourita met on Tuesday in New York with Spanish peer José Manuel Albares on the sidelines of the 80th session of the UN General Assembly. The meeting, which focused on topics of common interests on the regional and international scene, confirms the strong cooperation ties and strategic partnership existing between the two […]
Morocco possesses competitive renewable energy potential sufficient to provide 50% of European Union electricity consumption, Industry and Commerce Minister Ryad Mezzour said in an interview with Italian La Verità publication. The kingdom’s solar and wind energy capabilities, including onshore and offshore resources, can mobilize approximately 1,600-1,700 TWh from Europe’s total 3,000 TWh consumption at competitive […]
Morocco’s government has introduced comprehensive reforms to its traffic accident compensation system, addressing longstanding criticism regarding complexity and processing delays. Justice Minister Abdellatif Ouahbi’s proposed legislation modernizes protection mechanisms for accident victims through expanded beneficiary categories and improved calculation methods. Current statistics highlight reform urgency: 2024 recorded approximately 655,360 declared accidents with insurance companies, including […]
Algeria’s public finances are under mounting pressure after a dramatic drop in budget revenues in 2024, driven by falling hydrocarbon income and sluggish non-oil tax collection, according to the Bank of Algeria’s. Total budget revenues fell by 22.66% year-on-year, with hydrocarbon revenues plunging by 31.13% and non-hydrocarbon revenues declining by 13.50%, the Bank said in […]