First Independent Mena Newspaper
The World Bank Vice-Pdt for the MENA region Farid Belhaj has voiced the bank’s readiness to increase its support to Morocco in social and economic sectors to enable the Kingdom take up development challenges. At separate meetings in Rabat with Head of Government Saad Dine El Otmani and Moroccan Minister of Economy & Finance Mohamed […]
The Rwanda Stock Exchange (RSE) announced Tuesday the appointment of SCL Advisory Limited, a company founded and led by Moroccan Selloua Chakri, to help it expand its database and develop its activities around the world. “SCL Advisory Limited will support the Stock Exchange’s efforts to provide financial professionals and issuers with market data, analysis, and […]
The European investment bank provided Morocco last year with €617 million to support the Kingdom’s response efforts to covid-19, the private sector, SMEs and agricultural sector companies. The European bank has doubled in 2020 its funding to Morocco compared to 2019, said the bank in a press release, noting that it took wide-ranging action under […]
The extension and conversion works of the Institute Specializing in Aeronautics and Airport Logistics Trades (ISMALA) in Nouaceur, near Casablanca, were launched on Thursday. The works are co-financed by the US Millennium Challenge Corporation (MCC) which invested in the project 59.5 million DH ($6.6 million) through its MCA-Morocco “Charaka Fund”. Morocco’s Office for Vocational […]
Tunisia counts more than 650,000 civil servants that is 5% of the total population of 12 million people, a number that weighs significantly on the state budget. Tunisia has more public sector employees compared to 568,000 in Morocco which has a population three times bigger. The IMF has urged the Tunisian government to cut the […]
New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook. “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]
Morocco has been removed from the EU’s tax haven grey list after it took a series of measures and enacted new laws aiming to ensure greater transparency. The most recent reforms undertaken by Morocco to comply to EU fiscal standards was that of the tax system pertaining to financial hub, Casablanca Finance City. Morocco has […]
The International Finance Corporation has pledged to help Moroccan women reach more leadership positions in the business world under an agreement inked Friday in Casablanca with Club des Femmes Administrateurs (CFA). IFC will train members of CFA on a range of topics relating to corporate governance, as well as conduct outreach activities to strengthen the […]
Mauritania’s customs have released five vessels belonging to Ocean Fresh Food AS, a Norwegian company which has accepted to pay €2.6 million in fine, Le360.ma reports. Ocean Fresh Food AS according to its lawyer, Brahim ould Ebetty, has agreed to pay the penalty in a move to settle the lawsuit launched against it by the […]
The Moroccan Justice Ministry has bought overvalued furniture and office equipment an audit by the Finance Ministry showed. The audit repot published by Moroccan media Rue 20 showed that the expensive procurements occurred during the administrations of Islamist Mustapha Ramid and his successors Mohamed Aoujar of the RNI and current USFP minister Mohammed Ben Abdelkader. […]