First Independent Mena Newspaper
Lack of rainfall has weighed on Morocco’s cereals harvest which dropped to 34 million quintals this year, down 67% from last year, the agriculture ministry said. Soft wheat yield stood at 18.9 million quintals, hard wheat at 8.1 million quintals and barley at 7 million quintals as the country registered a drop of 34% in […]
Over 530,430 travelers entered Morocco through Tanger-Med port since the start of Marhaba operation 2022, the annual summer crossings of Moroccan expatriates to spend holidays in their homeland through the strait of Gibraltar and Mediterranean ports. The number of inbound passengers increased this year by 10 pc compared to 2019, says Tanger-Med port authority. The […]
The governors of the central banks of Tunisia and Libya held Sunday talks in capital Tunis to improve cooperation between the two institutions. Marouen Abassi of the Central Bank of Tunisia (BCT) hosted his Libyan counterpart Seddik Omar Kébir. A statement from Libya’s CBL indicated the two governor discussed issues of mutual concern in “the […]
The Public Investment Fund (PIF) of Saudi Arabia launched the Saudi-Egyptian Investment Company (SEIC) that will invest in swathes of Egypt’s economy from infrastructure and real estate to pharmaceuticals. The fund in a statement said SEIC is interested in the country’s promising sectors including infrastructure, real estate development, healthcare, financial services, food and agriculture, manufacturing, […]
African nations are free to buy grain from Russia but could face consequences if they trade in US-sanctioned commodities such as Russian oil, the US ambassador to the United Nations warned Thursday. “Countries can buy Russian agricultural products, including fertilizer and wheat,” Linda Thomas-Greenfield said during her visit to Uganda’s capital city Kampala, after a […]
Saudi Arabia has posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, representing 16 percent increase over the same period last year. The finance ministry said the state’s total revenues during the same period amounted to over SR370.4 billion, up 49 percent year-on-year, while expenditures stood at SR292.5 billion. Oil […]
Morocco’s automotive exports have recorded a 30.1% increase in the first half of 2022, reaching $5.1 Billion, compared to $4.0 billion a year earlier. The Moroccan automobile exports have thus confirmed their upward trend, during the first six months of the year, their highest level compared to the same period of the last five years, […]
Thanks to its successful development journey and deep insights into Africa, Morocco can play now the strategically critical role of bridge between U.S. business and Africa, says Global Policy Institute. Commenting the latest U.S.-Africa Summit hosted by Marrakesh on July 19-22, Paolo von Schirach, President of the Washington-based Think thank, said the selection of Morocco […]
A team from the UK Agriculture & Horticulture Development Board (AHDB) visited lately Morocco looking for export opportunities for UK wheat and barley crops. The announcement was made Wednesday by AHDB, a levy board funded by farmers and growers. The visit comes as Morocco experienced in 2022 a tough year due to water shortage, affecting […]
The Suez Canal Authority (SCA) is considering listing three companies on the Egyptian Exchange (EGX) by the end of the year, Chairman of the SCA Osama Rabie said. Rabie, in an interview with Al-Arabiya, said that studies are underway with the finance and investment ministries and that the chosen companies are those that achieve the […]