First Independent Mena Newspaper
The Airbus Company announced on Monday that Moroccan Royal Air Forces have ordered a fleet of helicopters (H135) for military training missions. The light twin-engine H135, a reference helicopter in the segment, will be used for training pilots to perform a wide array of demanding missions including utility and search and rescue, said the aircraft […]
Morocco’s state-owned phosphate OCP Group has provided Rwanda 15,000 tons of Diammonium Phosphate (DAP) in a solidarity move to help farmers of this African country maintain productivity amid a serious global supply shortage, leading to record high fertilizer prices. The announcement of Moroccan donation was made over the weekend by Rwanda’s Minister of Agriculture Gerardine […]
Morocco’s growth will be limited to 1.3% only in 2022, down from 7.9% last year, due to external shocks and drought, Morocco’s statistics agency HCP said. While highlighting the uncertainties surrounding the global economic outlook, the agency expected Morocco’s economic growth to recover to 3.4% next year on the back of a higher agricultural […]
A bipartisan group of U.S. congressmen urged President Joe Biden to waive duties on fertilizer imports from Morocco and Trinidad & Tobago following the spike of fertilizer prices because of a severe supply shortage. Over thirty senators and House representatives sent on Thursday a letter to President Biden requesting him to help U.S. farmers with […]
President of the African Development Bank Group (AfDB), Akinwumi Adesina, is expected in Marrakesh on Monday for a four-day visit. “This visit renews the African Development Bank Group’s commitment to strengthening the exceptional partnership that has united Morocco with the institution for more than half a century – with results that benefit the population,” AfDB […]
The U.S.-Africa Business Summit, which seeks to encourage investment in the Continent, will be convened this year in Marrakesh July 19-22 under the theme: “Building Forward Together”. A press release issued by the U.S. Corporate Council on Africa (CCA) said the summit will explore a renewed commitment by both public and private sector stakeholders to […]
Morocco’s Royal Mansour Hotel in Marrakech is ranked as the fifth best hotel in the world, according to a recent ranking by Travel & Leisure Magazine for the year 2022. The Oberoi, and Mandarin Oriental, two other hotels, also located in Marrakech, are among the 100 best luxury hotels in the world for the year […]
A new community market, designed to boost local economic activity, opened Thursday in the city of Salé (near Rabat) upon the High Instructions of King Mohammed VI. Located in the Tabriquet neighborhood, “Souk Assalihine” opened its doors after a five-year construction with a $ 35 million investment. Spearheaded by the Sovereign, this inclusive socioeconomic project, […]
The global economic outlook is “darkening”, the managing director of the International Monetary Fund (IMF) said on Wednesday, citing the war in Ukraine and the “commodity price shocks” it has caused among the main reasons. The IMF plans to publish later this month “a further downgrade” to its growth forecasts “for both 2022 and 2023”, […]
Morocco is taking concrete steps to facilitate domestic and foreign investment with the adoption by the Council of Ministers, convened Wednesday in Rabat under the chairmanship of King Mohammed VI, of a new investment charter that offers a competitive framework to bolster the country’s attractiveness. “The new project aims to improve the returns of investments, […]