First Independent Mena Newspaper
King Mohammed VI’s Initiative offering Atlantic Ocean access to Sahel countries embodies a comprehensive approach to tackling the challenges facing African landlocked countries, says the London-based Institute for Free Trade (IFT) in a report released Monday. This initiative not only aims to unlock the region’s potential but also solidifies Morocco’s role as a key player […]
Xlinks said it has appointed James Humphery as its new CEO to lead the Xlinks Morocco – UK Power Project, as the company grows in activity and scope. “With the anticipated growth of Xlinks’ portfolio, the Xlinks Morocco – UK Power Project, now requires a dedicated CEO as it continues to progress its mission to […]
Junta leaders in the coup-hit West African countries have recently made headlines when they pushed for the ditching of the West African franc (CFA), a colonial-era legacy, though the desire to change the currency seems to not be uniform yet among the three juntas. Since the coup in Niger in July last year, fissures within […]
Egypt and the United Arab Emirates (UAE) have signed a landmark $35 billion investment deal to develop Ras al-Hekma peninsula on the Mediterranean coast that, economists say, will inject $35 billion of foreign direct investment into the struggling Egyptian economy, helping it to bolster economic growth and address a hard currency crisis. The deal is […]
The U.S. Department of State and the Embassy of Morocco in Washington jointly organized a briefing on the latest developments in the Partnership for Atlantic Cooperation. The Partnership for Atlantic Cooperation was launched in September 2023, as a multilateral forum heralding a new era in regional cooperation, where Morocco stands out as a founding member […]
A parametric insurance pool, facilitated by reinsurance broker Gallagher Re, paid out $275 million to Morocco’s Solidarity Fund against Catastrophic Events (FSEC), responding to the 7-magnitude earthquake that rattled Al-Haouz region on September 8, 2023, Middle East Insurance Review reported earlier this month. The insurance broker confirmed last year that it was in touch with […]
As the diplomatic fog dissipates in French-Moroccan ties, French economy minister Bruno Le Maire is expected to lead a business delegation to Morocco in April to promote investments. The visit would be the second by a member of Macron’s administration to Morocco after an announced visit soon of newly appointed foreign minister Stephane Séjourné. Bruno […]
EBRD’s Head for Morocco Antoine Sallé de Chou announced on Thursday at the Mohammed VI Polytechnic University (UM6P) in Salé that the European Bank for Reconstruction and Development (EBRD) has facilitated investments exceeding €400 million in Morocco’s water sector. These investments primarily address issues pertaining to water supply and demand management, Sallé de Chou told […]
Spanish aeronautical group Aciturri is expanding its presence in Morocco through a new partnership announced Wednesday. Under the new partnership, Aciturri will establish a new manufacturing facility in Midparc, a Moroccan industrial development company, with an estimated investment of $2.4 million (25 million dirhams) planned for equipment in 2024. The agreement, signed in Casablanca in […]
Spain is planning to invest 45 billion euros in Morocco by 2050 in various projects, said Spanish Prime minister Pedro Sanchez at a press conference held Wednesday in Rabat at the end of his working visit to the North African Kingdom. “Spain is a key partner for Morocco with €45 billion investment planned by 2050”, […]