First Independent Mena Newspaper
Moroccan Central bank and police have urged vigilance after card skimming devices were found lately in cash machines in the city of Marrakech. Skimmers are using tiny hidden cameras planted in ATMs. They are barely visible but allow fraudsters to film people entering their pin number. The skimmers often encase the normal card slot on […]
Morocco will invest 383 billion dirhams to guarantee regular water supply for the next three decades, head of the government Saad Eddine El Othmani said. Speaking to the inter-ministerial commission on water, El Othmani recalled the royal directives to safeguard water resources and meet rising needs of the economy and the population. The 2020-2050 strategy […]
The African Development Bank (AfDB) last week announced a contribution of $220 million to implement a results-oriented program intended to improve territorial competitiveness in Morocco. The program, part of Morocco’s efforts to implement its industrial acceleration plan at the level of regions, is aimed at setting up new industrial poles, attracting private investors and generating […]
Côte d’Ivoire’s President Alassane Ouattara has announced that West Africa’s monetary union has agreed with France to rename its CFA franc the Eco and cut some of the financial links with Paris. The CFA will undergo three major changes, according to Ivorian President Alassane Ouattara. The name will change to Eco in 2020; France, would […]
The 14th France-Morocco high level meeting held in Paris Thursday was marked by the signing of a dozen agreements intended to give a new dynamic to the partnership between the two countries. The agreements, signed at a ceremony chaired by French Prime Minister, Edouard Philippe, and the Head of the Moroccan Government, Saâd Eddine El […]
The European Commission adopted Friday new cooperation programs worth €389 million in support of Morocco’s inclusive development, fight against illicit migration and human trafficking. The programs include €289 million destined to back up the reforms engaged in the North African Kingdom and its sustained inclusive development, while €101.7 million will support Morocco’s efforts to combat […]
The African Development Bank approved on Wednesday a $204 million loan to Morocco to help the North African country upgrade social and medical services provided to disabled persons, poor women and children. The funding will finance the building of two hospitals in the southern cities of Guelmim and Ouarzazate, set up 144 units for special […]
More and more middle class Moroccans apply for Schengen visas mostly to spend their holidays in the EU much to the benefit of Schengen countries consulates in the north African country that amassed $44 million (420 million dirhams) in 2018. Total money spent on failed visa applications stood at 77 million dirhams as Schengen countries […]
Morocco has made significant strides in strengthening the resilience of its economy in recent years, says the International monetary Fund after completing lately its second review under the Precautionary and Liquidity Line (PLL) arrangement sealed with the North African Kingdom. The two-year arrangement supports the efforts made by Morocco to promote higher and more inclusive […]
National Bank of Oman, NBO, will cease operations in Egypt early next year at the decision of the board of directors. The NBO, registered on the Muscat Securities Market (MSM), has received approval to wrap up activities in Egypt, Mubasher reports. The outlet, citing bourse sources, notes that the closure will take place in Q1 […]