First Independent Mena Newspaper
Jiangsu Yunyi Electric Company, a high-tech Chinese manufacturer specializing in automotive electronic components, has announced plans to invest $66 million in a production site in Tangier, Morocco’s automotive hub. In a press release, the Company says the Tangier plant will be an important overseas production base, leveraging local resources enhancing Jiangsu’s global competitiveness and medium- […]
Moroccan citizens abroad sent home record remittances totaling 111.53 billion dirhams ($12.07 billion) through November 2025, representing 1.6% annual growth from 109.8 billion dirhams during the corresponding 2024 period, according to Exchange Office data. The steady increase demonstrates continued diaspora support for Morocco’s national economy despite ongoing global economic challenges. Tourism sector recovery proved particularly […]
Morocco’s foreign trade evolved within persistent imbalances during 2025’s first eleven months, with Exchange Office figures showing significant trade deficit widening, translating to accentuated pressure on goods exchange balance according to recent data analysis. This situation stems primarily from sustained import increases substantially exceeding export growth. Domestic demand combined with industrial and agricultural input needs […]
Morocco’s General Tax Directorate detailed principal fiscal measures contained in the 2026 budget law, continuing reforms initiated in 2023 under framework law 69-19 governing comprehensive tax system restructuring. The legislation aims to reinforce previous reform achievements while accelerating growth dynamics and employment creation. Recent years’ reforms addressed corporate tax, value-added tax, and income tax, progressively […]
Libya’s public debt stood at nearly $50 billion in 2024, according to the annual report of the Libyan Audit Bureau, excerpts of which were published by the state-run Libyan News Agency. The report puts total debt at 270 billion Libyan dinars (about $49.8 billion), comprising 84 billion dinars owed by the Tripoli-based Government of National […]
Egypt has secured $140 million in long-term syndicated financing for the first phase of a metallic silicon and silicon derivatives complex in the industrial zone of New Alamein, marking a strategic step in deepening domestic value-added manufacturing. The financing agreement was signed this week, in the presence of Minister of Petroleum and Mineral Resources, Karim […]
Moroccan judicial authorities registered over 500 cyber offenses, 116 terrorism cases, and 801 money-laundering files in 2024, according to the Public Prosecution Presidency report, reflecting growing digital tool roles in criminal activity and terrorism financing. The report documents diverse cybercrime activities including online fraud, electronic sexual harassment through messages or recordings, crime incitement via digital […]
Morocco’s national savings rate climbed to 29.7% of gross domestic product during the third quarter of 2025, up from 28.7% one year earlier, according to the High Commission for Planning in its economic situation report. This evolution reflects slowing final national consumption in value terms, which progressed 5% instead of 6.1% in Q3-2024, the commission […]
Sudan’s Cabinet approved on 30 December an emergency draft budget for the 2026 fiscal year, projecting 9% economic growth despite the ongoing conflict since 15 April 2023. The budget was endorsed during a session in Port Sudan, chaired by Prime Minister Kamil Idris, who described the plan as exceptional under the prevailing circumstances. The fiscal […]
Morocco enters 2026 at a decisive juncture for sustainable growth, with multiple strategic projects and key deadlines expected throughout the year as the kingdom consolidates previous achievements. The economic outlook appears encouraging despite international uncertainties that marked 2025. Morocco’s economy demonstrated resilience in 2025 against challenging international conditions, including European economic slowdown and persistent geopolitical […]