First Independent Mena Newspaper
Gulf buy now, pay later (BNPL) Tamara platform said on Monday it raised $100 million in a second round of fundraising from investors, including Sanabil Investments, which is owned by Saudi Arabia’s sovereign wealth fund PIF, Reuters reports. The funding will help the company expand in new markets and provide customers with new products and […]
Morocco remains the first supplier of the European Union market with fresh tomatoes, confirming its competitive edge and strong strategic partnership sealed the European bloc. In 2021, around 67% of EU fresh tomatoes imports were from Morocco (the largest source of imports), followed by Turkey which increased its share in the EU market (25% in […]
Flexibois, a kitchen furniture manufacturer operating in Morocco, has managed to reduce its energy consumption and CO2 emissions thanks to the support of the European Bank for Reconstruction & Development, the EU, the Green Climate Fund (GCF) and the Republic of Korea. The company uses wood by-products to make furniture. It offers Moroccan consumers quality […]
Morocco’s stability and huge business opportunities offered to foreign investors have attracted U.S. Fatburger & Buffalo’s Express which has opened its first restaurant in Marrakesh. “Over the last 70 years, Fatburger has developed a loyal following across the globe,” says Jake Berchtold COO of FAT Brands’ Fast Casual Division. “While our burgers are often front […]
Moroccan state-owned phosphate group OCP and Mohammed VI Polytechnic University (UM6P) signed on Monday a cooperation agreement with UK “Rainbow Rare Earths” company to further investigate and develop the optimal technique for the extraction of rare earth elements from phosphogypsum. Phosphogypsum contains rare earths as a by-product of phosphoric acid production. OCP together with the […]
Bahrain will launch its first 100 percent locally-built satellite by the end of December 2023, the commander of the royal court announced Sunday, Arab News reports. Sheikh Nasser bin Hamad Al-Khalifa indicated that a group of Bahraini youth who are qualified in the field of space science and technology will contribute to building the satellite. […]
Marrakech will host the 13th edition of the Africa Public-Private Partnership, Africa PPP, from October 25 to 27. The Africa PPP Conference, held under the theme of “Accelerating Project Delivery and Partnerships,” features certified training on PPP and a 2-day conference. It will focus on projects in renewable energy, waste to energy, wastewater, bulk water, […]
King Mohammed VI gave directives to facilitate the return of Moroccan talents abroad and urged banks and public authorities to make it easier for them to invest in their homeland. “Public institutions and the national finance and corporate sector are invited to open up to investors from the expatriate community, and to adopt, to this […]
The Arab Monetary Fund said that the expected economic growth in Morocco by the end of 2022 will not exceed 1%, after last year’s 7.9%, and that 2023 growth will reach 4%. The fund stated in its recently-issued Arab Economic Outlook Report that the yield of the main cereal crops will not exceed 32 million […]
Dubai will host in November 11-20 the Esports Festival, Dubai Esports Festival (DEF2022), at Dubai Exhibition Centre at District 2020, reports say. DEF 2022 will be the first international leisure event to be held at the Dubai Exhibition Centre following Expo 2020. VSPN, a global leader in esports, is the leading partner for the event. […]