First Independent Mena Newspaper
Morocco announced a road map worth 6.1 billion Dirhams (590 million dollars) to attract 17.5 million tourists and 12 billion dollars in tourism receipts by 2026. The sector has turned the page on the pandemic with arrivals increasing to 11 million in 2022, that is a recovery rate of 84% compared with 2019. The road […]
Hutchinson group has expanded its Casablanca production site specialized in the manufacturing of composite aerospace parts and cabin insulation solutions. The 18,700 sq. m addition was inaugurated Wednesday by Ryad Mezzour, Moroccan minister of industry & Trade, Hélène Moreau-Leroy, Chairman & CEO of Hutchinson, and Philippe Olivier, Senior EVP, Aerospace, Defense & Industry. The expansion […]
Members of a US congress delegation praised, Thursday in Casablanca, the leadership of King Mohammed VI to bring stability to the whole region, and stressing the importance of this leadership to promote peace and stability. “His Majesty’s leadership in bringing stability to the region is extremely important to continue to promote peace and the kind […]
The closure of three key banks in the United States has taught Nigeria tough lessons, prompting Africa’s biggest economy to launch a $672 million fund to support its tech startups. Nigeria wants to cushion its startups against the kind of situation that Chipper Cash, a victim of the fall of SVB and the bankruptcy of […]
Spanish and Portuguese Prime Ministers Pedro Sánchez and Antonio Costa have hailed Morocco’s joint bid with Spain and Portugal to host the 2030 World Cup as a “very good message” of collaboration between the two shores of the Mediterranean, and between Europe and Africa. “This bid has a very positive charge and sends a very […]
American and European navies are teaming up with their counterparts from eight West African countries to conduct joint training operations off the coast of Senegal this week that are mainly aimed at combating illegal fishing off the West African coast. As unreported and unregulated fishing has spread along West Africa’s coasts, scooping up an estimate […]
Egypt signed two agreements worth $1.6 billion with international consortiums on the establishment of the superstructure, management, operation, exploitation, maintenance, and handing over of the container terminals at Ain Sokhna and Dekheila ports, the Arab country said in a statement on Wednesday. The first project will be implemented in the port of Sokhna between the […]
The Tangier-Med industrial zone, the largest industrial cluster in Africa, reported a turnover of 113 billion dirhams ($13 bln) in 2022 breaking a new record thanks to its attractiveness to investors. The total revenue generated by the industrial zone was up 45% in 2022 compared to a year earlier as 35 new operators set up […]
Trade in services is critical for improving the competitiveness of African economies and improved trade in services with African countries could help the European Union diversify its supply chains, strengthening resilience and reducing dependencies on China and other Asian countries, according to a new policy brief published by the Brussels-based European Council on Foreign Relations […]
Morocco will team up with Spain and Portugal in a joint bid to organize the 2030 World Cup, said King Mohammed VI. This came in a Royal message read out by education and sports minister at a ceremony in Kigali during which accolades were offered to the King of Morocco and Rwanda’s president for their […]