First Independent Mena Newspaper
The Australian travel guide book publisher Lonely Planet has ranked the kingdom of Morocco fifth of its top 10 destinations for the year 2024. The publisher, one of the leading around the world, depicts the North African country as a dazzling destination with epic mountains, sweeping deserts and ancient cities, a country which greets travelers […]
The International Monetary Fund (IMF) will provide Mauritania $253 million in credit facility to help the country mitigate adverse effects of climate change, saharamedias website reports following an agreement between the two sides. The loan will be disbursed in line with the IMF’s resilience and sustainability program designed for the country over the next three […]
French Schneider Electric company is planning to inject additional €30 million in Egypt until 2025 to boost the production capacity of its electrical panels factory in Badr City, the company’s Northeast Africa and Levant Cluster President Sebastien Riez said in an interview with CNN Business Arabic, ‘Arab Business’ reports. €10 million of the €30 million […]
Nigeria no longer has to pay a multibillion-dollar fine over a failed gas project agreement with Process & Industrial Developments Ltd (P&ID), after a London High Court has ruled in favor of Abuja and its appeal over damages, thus bringing an end to the $11 billion lawsuit filed by P&ID against the federal government. An […]
Morocco, Portugal, and Spain have signed a letter of intent regarding their joint bid to host the 2030 FIFA World Cup, this Saturday, October 28, at the Mohammed VI Football Complex in Morocco. The three football federations of Morocco, Portugal, and Spain signed the letter of intent this Saturday, a crucial step in the candidacy […]
Several influential U.S. Senators and members of the House of Representatives have called on the U.S. Department of Commerce to reduce duty on imports of phosphate fertilizers from Morocco, saying the imposed tariffs have pushed global prices upward affecting U.S. farmers. The call comes after U.S. Court of International Trade (CIT) ruled lately that Commerce […]
Leaders from the world of finance and business have convened in Saudi Arabia’s Riyadh for a three-day investment conference, issuing a warning about the many perils the world currently faces, most notably Israel-Hamas war that could widen into a regional conflict and deal a new blow to the global economy. The seventh Future Investment Initiative […]
By 2022, Morocco’s external debt stood at 423.6 billion dirhams ($41.2 bln) representing 31.8% of GDP, half of which was owed to multilateral development banks, according to finance ministry data. The International Bank for Reconstruction and Development, an offshoot of the World Bank, holds the lion’s share in Morocco’s external debt with 93.1 billion dirhams, […]
The junta in power in Gabon, the Committee for the Transition and Restoration of Institutions (CTRI), decided Thursday to leave from now on all public procurements below $241,000 to local small and medium enterprises (SMEs) in a move to boost entrepreneurship in the central African country. “From now on, public works contracts worth less than […]
The government of the Czech Republic has voiced support to the Autonomy plan offered by Morocco for the Sahara under its sovereignty, describing the plan as “serious and credible” and offering a “good basis” for reaching a mutually acceptable solution to the Sahara regional conflict. The supportive stand comes in the Joint Declaration signed on […]