First Independent Mena Newspaper
Tunisian President Kais Saied is set to reject IMF conditions for a $2 billion loan and looks instead to raise taxes on the wealthy to fill in drained state coffers, in yet a new populist move that has little effect on the country’s soaring external debt and due payment deadlines. Saied who has consolidated his […]
Egypt and Saudi Arabia signed Sunday two deals for industrial cooperation covering non-oil exports and auto industry, Ahram Online reports. The first Memorandum of understanding (MoU) involved the export authorities of both countries to boost cooperation on non-oil exports. The second deal is signed between Saudi National Industrial Development Centre and Egyptian consumer finance company […]
Morocco’s phosphates and fertilizers producer OCP said it plans to launch a feasibility study for the setting up of a phosphate-based fertilizers plant in Togo. A deal was signed by Togolese agriculture minister Antoine Kepka Gbebgeni and head of OCP Africa Mohamed Anouar Jamali. The plant is expected to be achieved in the medium term […]
Morocco’s competition council said it will look again into the dysfunctions marring the fuel distribution market which has spilled so much ink due to its oligopolistic nature and claims on price fixing. The council said it will re-examine the issue following the approval of a law that fosters its mandate to ensure free competition regulations […]
Under-Secretary-General of the UN Office of Counter-Terrorism Vladimir Voronkov has praised Morocco’s support to UNOCT, expressing gratitude to the North African Kingdom for hosting the 2nd High-Level Meeting of Heads of Counter-Terrorism & Security Agencies from Africa, “Marrakesh Platform”. In his opening remarks of the three-day event taking place in Tangier, Mr. Voronkov stressed the […]
FEV, German engineering provider in the automotive industry, and French group UTAC, leader in car testing and homologation, have opened in Moroccan Atlas mountain city of Oued Zem Africa’s first testing center. “The launch of the first test center on African soil is an important strategic milestone for FEV,” said Stefan Pischinger, CEO of FEV […]
Clients of Moroccan banks can now enjoy instant transfers in real time and for free over the next three months, Morocco’s central bank said in a statement. The time-span for transfers between clients of Moroccan banks would now take no more than 20 seconds provided it is capped at 20,000 dirhams, it said. The initiative […]
The Italian government on Wednesday lifted restrictions on the export of military weapons to Saudi Arabia, ending an embargo which began in 2019, Arab news outlet reported. The move was announced in a statement at the end of a Council of Ministers presided over by Prime Minister Giorgia Meloni. The decision was made “in accordance […]
The innovative cubipods designed & engineered by the Spanish construction company OHLA will be used in the Moroccan ports of Casablanca and Dakhla. In a press release issued Wednesday, OHLA said it signed contracts for the use of its cubipods in two Moroccan ports. Cubipod is a precast element made of mass concrete used to […]
France’s development agency, AFD, and Niger have inked a financing agreement for two projects worth 22 million euros in the African country. The first project focusing on household food security, will benefit from a 10 million euros subsidy to support the most vulnerable households by improving their food security. Local NGO Karkara and the national […]