First Independent Mena Newspaper
Canada’s mining Company Aya Gold & Silver has revised up the after-tax net value of its Boumadine project in Morocco to $3.5 billion with soaring gold and silver price on the international market. The updated preliminary economic assessment gives the gold-silver-zinc-lead project a 93% internal rate of return and 0.7-year payback at $3,500 per oz. […]
Morocco has no sector classified as high risk in Allianz Trade’s new global Sectoral Risk Atlas, though five activities warrant particular vigilance, Le Matin reports, as the insurer paints a globally resilient picture of the Kingdom’s economy despite a tense international environment. Of the 18 sectors assessed for Morocco, four carry low risk, reflecting solid […]
Givaudan, a multinational manufacturer of fragrance based in Zurich, has opened a development hub in Casablanca, consolidating its presence in the North African Kingdom. The new centre, which targets Maghreb, West Africa and South Asia markets, includes modern application and perfumery laboratories, alongside a development department and office space, enabling faster innovation across Fabric Care, […]
Spanish Transport Minister Oscar Puente defended Madrid’s cooperation with Morocco, saying declassified government documents did not support claims that Rabat had organized the mass crossing of migrants into the Spanish enclave of Ceuta in July. The comments came as Spain’s opposition parties intensified criticism of Prime Minister Pedro Sanchez’s handling of the crisis, after the […]
Morocco is expanding its trade routes to European market in a bid to enable its exportations of goods and agricultural produce more maritime corridors and the possibility to avoid crossing Spanish overland trade routes. Dutch shipping company WEC Lines is preparing to launch an enhanced weekly container service, connecting the port of Nador to the […]
The Dutch government has approved Morocco’s purchase of two uncrewed surface vessels, or drone ships, in a deal valued at 13 million euros ($15.2 million), media outlet, The Defense Post, reported. The vessels, known as USVs (uncrewed surface vessels), would strengthen the Royal Moroccan Navy’s capabilities in mine countermeasures and anti-submarine warfare, the media said. […]
Global digital platforms including TikTok, Apple, Google, OpenAI and Spotify have begun applying Morocco’s 20% value-added tax (VAT) to some services sold to Moroccan customers, providing the clearest sign yet that the country’s new regime for taxing digital services is taking effect. The changes are now appearing on invoices and transactions seen by Moroccan users, […]
Chinese Wuxi Xin Hongye Wire & Cable Technology has said it will invest $34 million in an automotive cable plant to be set up in Tangier region in partnership with France’s Acome Automotive. The two partners will establish a $ 10 million joint venture named “Morocco Acome Xinhongye Automotive Cables”. The Chinese company will hold […]
Morocco-India Joint Defense Committee, which held its inaugural meeting in New Delhi this week, discussed training, education, peacekeeping, military exercises, medical cooperation, cyber defense and defense industries. The meeting was co-chaired by Brigadier General Abdellah Athmani, Chief of the 2nd Bureau of the Moroccan Royal Armed Forces and Joint Secretary (International Cooperation), Ministry of Defense […]
The Nador West Med port complex has reached a decisive milestone with the operational entry into service of its East Terminal, Boursenews reports. The achievement is carried by West Med Container Terminal (WMCT), the infrastructure’s concessionaire, and comes at the end of a successful testing phase completed ahead of the projected schedule. The infrastructure has […]