First Independent Mena Newspaper
Morocco seeks to transform itself into a regional business hub by leveraging its geographically strategic location, political stability, and world-class infrastructure to expand as a regional manufacturing and export base for international companies, says U.S. latest report on global investment climate. The North African Kingdom actively encourages and facilitates foreign investment, particularly in export sectors […]
Morocco, Tunisia, and Egypt are on their way to report a record tourism year in terms of revenue and arrivals as they all shed Covid-19 dust buoyed by growing demand from tourist emitting markets on Mediterranean destinations. Despite the global inflationary context and surge in ticket prices due to the Ukraine-Russia war, Egypt reported 7.7 […]
Israeli Arkia Airline Company will operate direct flights between Tel-Aviv and Essaouira starting next September under an agreement it signed Friday in Salé, near Rabat, with Moroccan National Tourist Office (ONMT). The new direct flight by Arkia Airlines will have a total capacity of 11,000 seats. Commenting the deal, ONMT Chief, Adel El Fakir, stressed […]
Russian president Vladimir Putin expressed, on Friday, at the 2nd Russia-Africa Summit, the wish to see Russian-Moroccan relations further strengthen and continue the momentum launched during the visit of King Mohammed VI to Russia in 2016. The Russian president commended, in a speech, King Mohammed VI, expressing the wish to see bilateral relations evolve and […]
The “serious and realistic” autonomy plan offered by Morocco for the Sahara under its sovereignty continues to gain a growing international support thanks to the far-sighted vision of King Mohammed VI who is tirelessly working for inclusive development, regional peace and shared prosperity. Building on UN Security Council resolutions, several countries from Africa, Europe, Asia, […]
Canada is keen to boost ties with Gabon in many areas and mainly in the mining sector for a win-win partnership, the North American country’s High Commissioner in central African country (Lorraine Anderson) has revealed on Thursday July 27. “For Canada, Gabon is a land of opportunity, and we know we can work together in […]
The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the State Bank of Vietnam (SBV) to bolster joint cooperation, the office of Egyptian Prime Minister Mustafa Madbouly said in a statement, on Thursday July 27. Madbouly and his Vietnamese counterpart Tran Lu Quang witnessed the deal signed in the Egyptian […]
Global fertilizer suppliers have benefited from high fertilizer prices in 2022-23 but, by and large, they have undermined production, contributed to high food prices, and exacerbated food insecurity, according to experts. Global fertilizer suppliers made incredibly high profits in 2022/23 on the back of price spikes attributed to the Russia-Ukraine war, as the profits of […]
Fitch Rating highlighted the positive outlook for the seven largest Moroccan banks in 2023 whose profitability is set to improve on the back of a better risk management. “We expect profitability will improve at a faster pace in 2023 as lower impairment charges (LICs) should continue to decline while higher rates will start to feed […]
Conservative MP James Duddridge has described Morocco as a longstanding partner and friend offering UK huge post-Brexit trade opportunities. In an Op-Ed published Wednesday by the House, founded by a cross-party group of UK MPs, Mr. Duddridge said when it comes to post-Brexit trade opportunities, the UK government is right to prioritise building on the […]