First Independent Mena Newspaper
Tunisia’s Kais Saied regime has been hit with the decision of Swiss electronics company to withdraw from this country and concentrate its North Africa production operations in Morocco. Cicor says it is divesting its Tunisia facility and launching an efficiency program expected to deliver more than CHF 10 million in recurring annual EBITDA improvements, as […]
Elite Agro Holding, through its Moroccan subsidiary Elite Harvest Maroc, has opened its seventh farm in the Kingdom, one of the important agricultural markets of the UAE-based agrifood group. The new 200-hectare farm in Kenitra is dedicated to premium blueberry and raspberry production and uses advanced irrigation systems and modern agricultural technologies to support efficient, […]
Morocco’s Laprophan pharmaceutical group has finalized the acquisition of a majority stake in Rivopharm, a Swiss company specializing in specialty medicines, complex pharmaceutical formulations and high-value regulatory expertise, reported medias24. The deal, completed on June 17, marks Laprophan’s first European acquisition and what its president describes as a historic milestone for Moroccan pharmaceutical industry on […]
Royal Air Maroc’s Chief Executive Officer Abdelhamid Addou set out an ambitious vision for the airline’s continental role at the AFCAC Expo 2026 in Lomé, Togo, positioning the Moroccan national carrier as a driving force behind a more open and interconnected African airspace. The event, held from 15 to 19 June in the Togolese capital, […]
Morocco’s GDP growth will continue to exceed 4.0% in both 2026 and 2027, despite negative spillovers from the US-Iran conflict, according to the forecast of Fitch Solutions, which provides credit, economic, financial data, research and analytics used by financial institutions, corporations and governments. “We forecast growth of 4.1% each year, broadly in line with consensus. […]
Harmattan AI, a private defense technology firm supported by French giant Dassault, has announced it signed a major strategic partnership with the Royal Armed Forces to deploy next-generation autonomous air defense capabilities and build a sovereign, technologically advanced defense industrial base. In a press release issued Thursday, Harmattan AI said it will contribute its expertise […]
South Korea is aiming to conclude a comprehensive economic partnership agreement with Morocco by mid-2027, its trade minister said, citing the need to improve competitiveness for Korean firms operating in the North African market. Current tariff structures put Korean companies at a disadvantage, limiting their ability to use Morocco as a manufacturing base for exports […]
Construction of Morocco’s Dakhla Atlantique port complex has reached 62% completion, project director Nisrine Iouzzi said, highlighting progress on a major offshore project set to boost regional trade and support emerging energy industries. The port, designed as an island facility in open sea, is planned to serve as a key maritime and logistics hub linking […]
Morocco’s cereal harvest is projected to reach 90 million quintals in the 2026 season, including 44 million quintals of soft wheat, Agriculture Minister Ahmed El Bouari said. Speaking before the upper house of parliament, El Bouari said the crop would also include 21 million quintals of durum wheat and 25 million quintals of barley. Collection […]
The Central Bank of Sudan has announced the accreditation of Electronic Banking Services (EBS) as a SWIFT global financial messaging and wire transfer service bureau, marking a significant step toward reintegrating the country’s banking system into the global financial network. The announcement positions EBS as the first approved SWIFT service bureau in the country and […]