First Independent Mena Newspaper
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 […]
Morocco and Turkey have reaffirmed their commitment to strengthening economic ties by addressing long-standing concerns over trade imbalances. During the sixth session of the Joint Commission on the Free Trade Agreement (FTA), held in Ankara, both nations agreed to recalibrate their commercial relationship to ensure greater equity and mutual benefit, the two parties said in […]
The Moroccan handicraft sector, long rooted in tradition and cultural heritage, is undergoing a significant transformation as it asserts itself as a vital pillar of the national economy, representing 7% of GDP, Lahcen Saadi, Secretary of State in charge of Handicrafts and the Social and Solidarity Economy said. The sector now employs over 2.7 million […]
Morocco’s Transport Ministry has unveiled comprehensive measures to accommodate 7.5 million passengers and 2 million vehicles during the annual “Marhaba” operation, deploying 29 vessels across 13 maritime routes in coordination with multiple stakeholders. Transport Minister Abdessamad Kayouh, addressing Parliament on Monday, detailed the extensive mobilization including ships with weekly capacity for 500,000 passengers and 130,000 […]
Morocco’s economic diplomacy scored a significant victory as Hamza Benabdellah, President of the Fez-Meknes Chamber of Commerce, Industry and Services, was elected Vice-President of the Permanent Conference of African and Francophone Consular Chambers (CPCCAF) during the organization’s 49th General Assembly in Fez. The statutory meeting, coinciding with the 5th Fez-Meknes Economic Forum, also saw Youssouf […]
Senegal is facing mounting fiscal challenges as its public debt approaches 80% of GDP, driven by rising borrowing costs, persistent energy subsidies, and the lingering effects of post-COVID recovery spending. The government is under increasing pressure to balance its budget while maintaining critical social and infrastructure investments. According to a recent World Bank report, Senegal’s […]
European aerospace giant Airbus is seeking to deepen its partnership with Morocco’s rapidly growing aviation sector, citing significant opportunities in the North African kingdom, company executives announced at the Paris Air Show, held from June 16-22 in the French capital’s suburbs. Wouter Van Wersch, Airbus executive vice president for international affairs, described Morocco as “a […]
Renault Technology Morocco (RTMA) is establishing a new engineering center at Tétouan Shore, strengthening the French automaker’s technological footprint in Morocco as the kingdom emerges as a critical link in Renault’s global value chain. The research and development center will spearhead vehicle renewal and development projects for Renault Group while supporting Moroccan manufacturing operations. The […]
Gold mining companies across West Africa are turning to aerial surveillance technology to combat escalating incursions by artisanal miners, as record gold prices above $3,300 per ounce fuel increasingly violent confrontations at corporate mining sites, Reuters reported. At Gold Fields’ Tarkwa mine in southwestern Ghana, drone operators recently detected suspicious activity, leading a 15-person response […]