First Independent Mena Newspaper
Egypt’s army has replaced a supply firm to take full control of the imports of strategic commodities such as wheat, in a move that highlights the growing role of the Egyptian armed forces in the economy, Reuters reported. The army will conduct tenders on wheat and other strategic commodities instead of the General Authority for […]
Morocco has signed a second contract with India Tata group to acquire more Defense Dump Trucks LPTA 2445 after having received 90 of these trucks designed for logistics and munitions transport, according to Indian press reports. This new order strengthens further the growing defense partnership between India and Morocco. The newly ordered trucks will significantly […]
Morocco’s Royal Air Maroc has resumed its direct flight from Casablanca to Sao Paulo on Saturday and inaugurated a new direct route from Casablanca to the Canadian city of Toronto on Sunday. The flight to Sao Paulo marked a long-awaited resumption of direct services between Morocco and Brazil, which were suspended for five years due […]
Morocco is well-positioned to become a global hub for electric vehicle industries (EV) thanks to its control of the world’s largest phosphates reserves, its free trade deals with the EU and the US, availability of skilled labour and a growing automotive sector, London-based Chtaham House said. Morocco has attracted Chinese EV battery giants looking to […]
Libyan Prime Minister Abdul Hamid Dbeibah has approved the National Food Security Strategy 2025-2035, developed by the National Council for Economic and Social Development. The approval was announced during a ceremony held in Tripoli on Sunday, December 8. Dbeibah emphasized that food security is a national priority and a key pillar for economic and social […]
UK company Emmerson has raised funds to sue Morocco at the International Centre for Settlement of Investment Disputes ICSID after failing to obtain an environmental license for its Potash mine in Khemisset. Morocco’s investment authorities have judged that the Emmerson issued an unfavorable opinion on the project’s environmental impact, due mainly to concerns about excessive […]
The freezing of assets belonging to active or retired Algerian military generals and elites is meant to exert pressure on the authoritarian and military regime of Algeria. The freezing of assets, estimated at several billion dollars, is aimed at combating terrorism financing and to preserve peace and security, which are top priorities for international organizations […]
A new study into global wealth creation and redistribution has revealed a noteworthy trend in Africa and the Middle East, which are now attracting a growing share of the $400 billion in wealth brought along by migrating ultra-rich individuals. Since the onset of the Covid-19 pandemic, billionaires worldwide have been relocating more frequently, with Switzerland, […]
Morocco’s railway operator ONCF has presented a “strategic” plan to expand the service for a total cost of 8.8 billion dollars, in a project that drew interest of investors offering up to 14 billion dollars, head of the African Development Bank chief Akinwumi Adesina said. The project was a “big success” for Morocco, Adesina said […]
Curtains fell on the Africa Investment Forum in Rabat which helped the African Development Bank (AfDB) mobilize a total funding of $29.2 billion for 47 projects, covering critical areas such as water supply, energy, transport, mining, pharmaceuticals, private equity, tourism, and infrastructure. The event drew 2,300 investors and delegates from 83 countries, AfDB chief Akinwumi […]