First Independent Mena Newspaper
Morocco’s tourism sector has confirmed its robust post-pandemic momentum with the tourism gross domestic product registering a remarkable 38.4 percent increase in 2024 compared to 2019 levels, according to the Tourism Satellite Account published by the High Commission for Planning. The sector’s contribution to national GDP strengthened from 6.8 percent to 7.3 percent, reflecting tourism’s […]
President Abdel-Fattah El-Sisi has endorsed the rollout of a second package of tax incentives aimed at rewarding compliant taxpayers and deepening trust between the State and the business community. During a high-level meeting on Sunday, November 30, with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, the President reviewed the core elements of the […]
Morocco and Germany have given new impetus to their bilateral relations through the 51st Morocco-Germany intergovernmental negotiations on development cooperation, held this week in Berlin, that highlighted by the adoption of a €630 million cooperation program for the period 2026-2027. The program, inked by Director of European Affairs at the Moroccan Foreign Ministry, Redouane Adghoghi […]
The 17th MEDays Forum commenced in Tangier, gathering over 7,000 participants from more than 120 countries to address global economic challenges under the theme “Fractures and Polarization: Reinventing the Global Equation.” A prominent opening panel positioned Morocco as Africa’s most reliable investment destination. Former Kenyan Foreign Minister Raphael Tuju congratulated Morocco on recent United Nations […]
Morocco has secured its position as the second most attractive destination for foreign direct investment (FDI) in renewable energy across the Middle East and North Africa, according to two recent international reports. The Kingdom attracted over $38.1 billion in green energy investments between 2003 and 2024, confirming its growing role in the global energy transition, […]
Moroccan Prime Minister Aziz Akhannouch said public investment allocations have grown by nearly 87% between 2020 and 2025, with projections to reach 380 billion dirhams next year. Speaking to members of the Upper House, Akhannouch said this increase is aimed at strengthening social integration and improving equity indicators across the country. Preschool enrollment has reached […]
Mauritania must accelerate economic diversification to achieve its ambition of becoming an upper-middle-income country by 2050, the World Bank said in a report published on Nov 24, citing the limits of a development model driven by extractive industries. “The extractive-led growth path is reaching its end,” the Bank said, noting that while Mauritania posted an […]
Morocco’s key infrastructure and development projects were at the centre of talks held lately in Rabat between Minister of Economy & Finance, Mrs. Nadia Fettah and a delegation from UK Export Finance agency. Discussions focused on ways of strengthening financial cooperation between the two countries and UKEF’s financing support for strategic Moroccan projects in energy, […]
Egypt’s Monetary Policy Committee on Thursday, November 20, has opted to maintain all key interest rates, keeping the overnight deposit rate at 21 percent, lending at 22 percent, and the main operation and discount rates at 21.5 percent. The decision underscores a guarded policy posture as inflation risks remain elevated both at home and abroad. […]
Moroccan construction leader SGTM has received approval from the AMMC to launch an initial public offering (IPO) on the Casablanca Stock Exchange, aiming to raise 5.04 billion dirhams ($545 million). This makes SGTM’s listing the second-largest IPO in the history of the Moroccan bourse, underscoring the growing depth of the local capital market. The subscription […]