First Independent Mena Newspaper
Moroccan wheat traders FNCL and the Russian grain trader’s union (Rusgrain) signed a deal to promote Russian grain exports to Morocco as the north African Kingdom seeks to diversify suppliers and build strategic stockpiles of key staples. The deal was signed on November 29 during a visit of a delegation of 37 Russian wheat traders […]
The joint bid submitted by Morocco, Portugal and Spain to host the 2030 World Cup, only bid in contention, presents a “very strong all-round proposition” and exceeds “minimum hosting requirements” in the technical evaluation, La Fédération Internationale de Football Association (FIFA) stated in its bid evaluation report. First and foremost, the joint bid for the […]
Morocco’s central bank has prepared a draft law that would set up a secondary market in which non-performing loans, currently at 9.8 billion dollars, can be sold, in a move that will boost banks’ liquidity. The news was announced by director general of the central bank, Bank Al Maghrib, Abderrahim Bouazza, who said non-performing loans […]
Moroccan inventor Fouad Faqiri won, on Friday, the gold medal at the Seoul International Invention Fair (SSIF), held in the Korean capital November 27-30. During the event, Faqiri also received an honorary award from “Citizen Innovation,” a Singaporean alliance working to promote innovators, as well as the title of “Innovation Icon” awarded by the Malaysian […]
In response to ongoing concerns about inflationary pressures, the Board of Directors of the Central Bank of Tunisia (BCT) convened on November 28, 2024, to evaluate the country’s economic outlook. After careful deliberation, the Board concluded that it was essential to maintain a cautious and prudent approach to monetary policy. As a result, they decided […]
“Since its historic launch in September 2001, the Marrakech International Film Festival has brought together some of the biggest names in the cinema world, confirmed Morocco as a prime destination for major foreign productions, and in so doing, the Festival contributes to the dynamism of Morocco’s film industry and the development of its talent,” stressed […]
The Forum of Presidents of Legislative Powers of Central America, the Caribbean and Mexico (FOPREL) lauded on Wednesday in Rabat the Royal Atlantic Initiative launched by King Mohammed VI and his move to promote access of Sahel countries to the Atlantic Ocean. Under the terms of a decision adopted unanimously following its 30th extraordinary session, […]
Morocco and France signed on Wednesday in Rabat two agreements worth €150 million. The funds are destined to support the Generalization of Compulsory Medical Coverage Program, and the Government Equality Plan 2023-2026. The first agreement, worth €100 million, is part of ongoing support of the French Development Agency (AFD) for the Royal project to globalize […]
Al-Waha Oil Company has achieved its highest oil production level in over 11 years, according to an announcement by the National Oil Corporation (NOC) on Wednesday, November 27. Daily production for Al-Waha reached 350,549 barrels of crude oil, contributing significantly to Libya’s total crude output of 1,380,470 barrels over the past 24 hours. Additionally, Libya’s […]
Morocco’s central bank has prepared a draft law allowing the use of crypto assets in the country, Central Bank governor Abdellatif Jouahri said. The central bank “with the participation of all stakeholders and the support of the World Bank, has prepared a draft law regulating crypto assets, which is currently in the adoption process,” Jouahri […]