First Independent Mena Newspaper
European Commissioner for the Mediterranean Dubravka Šuica has described again Morocco as “a key and reliable partner of the European Union.” “We share a unique relationship and a common goal to deepen our Partnership”, said Wednesday the European Commissioner in her X account following telephone conversation with Moroccan FM Nasser Bourita. She said they talked […]
The German Benteler group has launched construction works of its new automotive plant in Kenitra Atlantic Free zone. The new manufacturing facility will be built over 50,000 square meter site having direct access to the freeway and good connections to the port of Tangier in northern Morocco. It is expected to be operational in 2026. […]
Morocco’s inbound tourism revenues reached $3.7 billion during the first five months of this year, representing an 8 pc increase compared to the same period of last year. According to latest data released by the ministry of tourism, the number of overnight stays during the same period reached 11.8 million (+13%), while the number of […]
Morocco and Mauritania signed an agreement to deepen industrial cooperation in the metallurgy, mechanical, and electromechanical sectors. The deal was signed in Nouakchott on Wednesday by Abdelhamid Souiri, President of the Moroccan Federation of Metallurgical, Mechanical and Electromechanical Industries (FIMME), and Nagi Ichidou, President of the Mauritanian Federation of Industry, Mines and Energy (FIME). It […]
Morocco has entered the global electric vehicle supply chain with COBCO’s inauguration of a 20-billion-dirham factory at Jorf Lasfar on June 25, marking the kingdom’s strategic leap into green technology manufacturing. The facility, spanning 238 hectares, represents a joint venture between Moroccan Africa-oriented investment fund Al Mada and Chinese giant CNGR Advanced Materials. As the […]
Morocco’s 2023 budget execution delivered positive results despite complex international and domestic challenges, Budget Minister Fouzi Lekjaa told Parliament’s Public Finance Control Committee Tuesday while presenting settlement law project 07.25. The global economy showed resilience with inflation declining to 6.6% from 8.6% in 2022, though growth slowed to 3.3% due to persistent crises and escalating […]
In recent years, Morocco has been investing in upgrading its airpower capabilities amid rising threats in an unstable wider region. The country has emerged as a regional deterrent power and an exporter of stability as it reshapes its military doctrine around advanced aerial capabilities. This transformation is driven by strategic necessity and a clear ambition: […]
Tesla’s Africa expansion through its new Morocco office opens doorways for its vehicles to sell in more than 50 countries that the North African country has free-trade agreements with, said the “China Global South” news outlet. The U.S. EV giant’s Africa expansion intensifies a battle for dominance in Africa’s emerging electric vehicle market, where Chinese […]
Secretary General of the Association of Southeast Asian Nations (ASEAN), Kao Kim Hourn, has expressed steadfast support for Morocco’s territorial integrity and hailed the royal initiatives launched for Africa’s development and prosperity. The supportive stands come in a joint statement released Tuesday in Rabat following Kao’s meeting with Moroccan Foreign Minister Nasser Bourita. The two […]
Morocco’s Central Bank has decided to maintain the key interest rate unchanged at 2.25 percent due to deceleration in food prices and a slowdown of inflation from 2 % on average in the first quarter of this year to 0.7 % in April and 0.4 % in May. The decision was made by the Bank’s […]