First Independent Mena Newspaper
MP Industry Group, a subsidiary of the Romanian MEN Industry Group—has inaugurated its first plant in Tangier Automotive City, Northern Morocco. The plant, built over a 35,000 m2 area, will produce automotive plastic components using advanced injection molding techniques. Nearly $40 million has been invested in this facility which comes to enhance further Morocco’s position […]
Senegal’s ruling PASTEF party has achieved a decisive parliamentary victory, securing 130 of 165 seats according to provisional election results. This overwhelming majority empowers newly elected President Bassirou Diomaye Faye to implement his comprehensive reform agenda targeting corruption, fishing industry revitalization, and natural resource management. The opposition coalition, led by former President Macky Sall, captured […]
Libya has been elected to chair the International Olive Council (IOC), formerly the International Olive Oil Council, for a one-year term. The election took place during the 120th session of the IOC, held this week in Spain. Libya competed against Uruguay and Israel for the position. Iran, the outgoing chair, had sought an extension of […]
Kenya has backpedaled on a $2 billion deal under which it was expected to hand over Nairobi’s airport to India’s Adani Group. The deal was canceled after India’s richest man, Adani, was indicted in the US for fraud for allegedly orchestrating a $250m bribery scheme and concealing it to raise money in the US. “I […]
China’s president Xi Jinping on his way from a G20 summit in Brazil stopped for a short visit in Morocco, an event that is reflective of the interest of Beijing in Morocco as a rising regional power and economic hub. Xi Jinping was received in Casablanca by Crown Prince Moulay El Hassan and Prime Minister […]
Moroccan competition regulator fined Viatris $0.7 mln for failing to notify it of a merger, sources told Reuters. Viatris was created out of a merger between Upline and Maylan, which has business in Morocco. The fine amounts to 2.5% of Vitaris local Morocco operations and was already paid to the treasury. The council was also […]
The autonomy plan presented by Morocco for the Sahara focuses on dialogue and international law, and promotes the well-being of the populations concerned, said Romenio Pereira, Secretary for International Relations of Brazil’s ruling party, Workers’ Party (PT). “A more explicit support for the autonomy plan presented by Morocco can, of course, be considered, since this […]
Speaker of Libya’s House of Representatives (HoR), Aqila Saleh, announced on Wednesday, November 20, a further reduction in the tax on foreign currency transactions, lowering it to 15% from the previous 20%. This adjustment applies to all purposes and marks the second decrease in what is commonly referred to as the “dollar tax.” Last October, […]
The 19th edition of the International Building Exhibition (SIB) opened on Wednesday, November 20 at the Mohammed VI Exhibition Center in El Jadida, under the theme “Controlled implementation, valued materials and buildings.” The event, held until November 22, is under the High Patronage of King Mohammed VI and was inaugurated by Minister Fatima Ezzahra El […]
Representatives from nearly 50 U.S. agribusinesses & trade groups and 14 state departments of agriculture will visit Casablanca Dec. 2-5 to explore joint business opportunities and expand U.S. farm & food exports to Morocco and other West African markets. The trip of this American trade mission is organized by U.S. Department of Agriculture (USDA). “This […]