First Independent Mena Newspaper
Marrakech, the Red city, has been well-prepared to host the IMF-World Bank annual meetings, a few weeks after a devastating earthquake killed some 3000 people. The city was spared the severe damage suffered in the Atlas Mountains where whole villages have been wiped out. Moroccans raced the clock removing the rubble and making a facelift […]
World leader in the design, manufacture and service of aircraft engines and auxiliary power units, Pratt & Whitney, invested $100 million in a plant that underscores the development of the aeronautical industry in the country. The 120,000 m2 plant will be ready in 12 months and would employ 200 people, Morocco’s industry ministry said. Pending […]
One month after a devastating earthquake, Moroccans jubilated at the news of the country co-hosting the 2030 together with Spain and Portugal. Beyond the sports significance, the tournament will give a much needed boost to Morocco’s economy as it forges ahead with earthquake reconstruction and as it also plans to meet its new development model […]
Former British Foreign Service Officer, Arthur Snell, has described Morocco as a rising power, saying the country, which was rocked last month by powerful quake, remains undeterred and is now preparing to host the IMF-WB annual meetings from 9 to 15 October 2023. In an Op-Ed posted by U.S. Newsmax TV channel, Mr. Snell, who […]
Togo and the Arab Bank for Economic Development in Africa (BADEA) signed Thursday a $16 million loan earmarked to provide support for the West African country’s Small and Medium Enterprises (SMEs). Togo’s Finance Minister Sani Yaya and the BADEA President Sidi Ould Tah inked the financing deal on the sidelines of the ongoing Africa SME […]
The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]
King Mohammed VI has appointed this Thursday Fouzi Lekjaa, President of the Royal Moroccan Football Federation (FRMF) Chairman of the World Cup 2030 Committee, the Royal Office said in a statement. The appointment came during an audience the Sovereign granted to Lekjaa who doubles as Minister Delegate in charge of the Budget. The appointment follows […]
The 2030 World Cup in Portugal, Morocco and Spain “will be a success from every point of view”, Portuguese Prime Minister Antonio Costa said. The decision of the FIFA Council to unanimously select the Morocco-Spain-Portugal bid as the sole candidate to organize the 2030 World Cup “will be yet another demonstration of our capacity and […]
Casablanca Finance City (CFC) has maintained its position as the leading African financial center in the half-yearly rankings of the 34th edition of the Global Financial Centers Index (GFCI) that has also included Mauritius, Kigali, Johannesburg, Nairobi, Cape Town, and Lagos on the list. Within the North Africa and Middle East region, the leading Moroccan […]
Morocco’s interaction with the recommendations of the Human Rights Council (HRC) is strictly guided by the principles and provisions of the Constitution and by international human rights conventions ratified by the Kingdom, according to a report presented on Wednesday in Rabat by the ministerial delegation for Human Rights. The report on Morocco’s interaction with treaty […]