First Independent Mena Newspaper
Shandong Yongsheng Rubber Group Co., Ltd., a leading Chinese tire manufacturer, has launched construction works of a major plant in Morocco, enhancing further the country’s growing automotive ecosystem. The Chinese group has earmarked $675 million investment for this new production site to be built over a 25 ha area in the Betoya Free Zone, Driouch […]
The 2025 ranking of African banks by Tier 1 capital confirms a well-established continental hierarchy, with South Africa, Egypt, Morocco, Algeria, and Nigeria dominating the top positions. Tunisia was absent. According to the latest data, the threshold for inclusion in the Top 20 now stands at approximately $2 billion in Tier 1 capital. Tunisia’s largest […]
Mauritania held talks on Tuesday, October 14, in Washington with the Arab Fund for Economic and Social Development to explore ways to strengthen bilateral cooperation and review development programs funded by the Fund. The discussions focused on key sectors including infrastructure, energy, and rural development, highlighting ongoing projects aimed at boosting the country’s economic growth […]
The Central Bank of Libya announced on Tuesday, 14 October 2025 that it has contracted to print 60 billion Libyan dinars (approximately 11.03 billion U.S. dollars) to sustain liquidity as it phases out old banknotes. The Tripoli-based institution described the move as a precautionary measure to replace the 1, 5 and 20 dinar notes with […]
Morocco is participating in the meeting of Chiefs of United Nations Troop Contributing Countries (UNTCC) which opened Tuesday in New Delhi to discuss operational challenges, evolving threats, and share best practices of peacekeeping missions. A delegation from the Royal Armed Forces (FAR), led by Brigadier General Abdelkrim Nejjar, is representing the Kingdom in the UNTCC […]
The new aircraft engine industrial complex of the Safran Group, to be built in Nouaceur, strengthens Morocco’s position among the emerging powers of the global aerospace industry, commented British portal The International Business Times (IBT). As reported by MAP, the portal, which serves as a platform for the British business community, noted that the complex, […]
British low-cost airline Jet2 has launched a new route from Newcastle to Marrakesh to meet a growing demand for this destination. The flights to Marrakech are scheduled every Tuesday and Friday. Leon McQuaid, Director of Aviation Development at Newcastle Airport, said: “We are delighted that Jet2.com has further strengthened its commitment to Newcastle Airport with […]
Morocco’s economic momentum is expected to strengthen in the final quarter of 2025, with growth projected to reach 4.7 percent year-on-year, up from 4.3 percent in the third quarter, according to projections released by the High Commission for Planning (HCP). The acceleration reflects improving external demand conditions, particularly from European markets where monetary easing is […]
Nine African companies have been named among Forbes’ 2025 World’s Best Employers, highlighting the continent’s growing influence in global workplace standards and corporate culture. Topping Africa’s list is Standard Bank Group, ranked 28th globally, and securing its fourth consecutive appearance on Forbes’ prestigious annual ranking. The accolade cements its position as a leader in employee […]
French Safran Group announced Monday the setting up of Morocco’s first aircraft engine manufacturing complex in Nouaceur, near Casablanca. The initiative was officially presented during a high-profile ceremony presided over by King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan. The new industrial complex, located within the Midparc integrated aerospace platform, will […]