First Independent Mena Newspaper
Morocco’s health ministry and Israel’s IMS Ovadia Group signed a Memorandum of Understanding to build 5 hospitals in the country for a total cost of 5 billion dirhams ($500 mln). The deal is part of Morocco’s efforts to improve health services and bridge the gap in bed capacity between regions. The five new hospitals will […]
The Spanish government has denounced the maneuvers of the Algerian authorities who have proceeded to the unilateral blocking of trade operations in both directions and violated the association agreement with the European Union. The Spanish Minister of Foreign Affairs, José Manuel Albares, confirmed on Thursday that there was indeed a blockade of trade operations by […]
Morocco is seeking to attract Japanese investors and strengthen the confidence of Japanese economic decision-makers in the Kingdom’s investment and economic potential. It is in this context that Junior Minister in charge of Investment, Mohcine Jazouli, is paying a working visit to Japan June 27 to July 1. The visit, organized by the Moroccan Agency […]
Spirit AeroSystems, one of the world’s largest manufacturers of aerostructures for commercial airplanes, defense platforms, and business/regional jets has recently started producing at its Morocco plant the fuselage components, the front and rear section of the Airbus A220 aircraft. The site has developed expertise in the manufacturing of components for Bombardier business jets and has […]
The OCP Foundation signed, Monday in Dakar, a $2.2 Mln agreement with the Senegalese Agency for Reforestation of the Great Green Wall (ASRGM) aimed at preserving biodiversity. The agreement aims to support community agricultural development and to build the capacity of the agency in terms of supporting and supervising local biodiversity projects. “This is a […]
Morocco’s tourism revenues increased by 123.3% at the end of April 2022, according to the Department of Studies and Financial Forecasts (DEPF). These revenues have reduced their decline from their pre-pandemic level to 36.3%, following a 71.5% drop at the end of April 2021, said the DEPF in its report on business climate for June […]
Morocco and the IMF are in the early stages of negotiating a flexible liquidity line as a precaution against external shocks, including imported inflation. The news was unveiled by central bank governor Abdellatif Jouahri earlier this week and confirmed later by IMF representative to Morocco Roberto Cardarelli, who said Morocco was seeking a flexible credit […]
Morocco will start issuing electronic visas for 49 Countries as of July 10, 2022, in an effort to boost the tourism sector that was hard hit by the COVID-19. The e-visa has a duration of 30 days and can be extended up to six months with multiple-entry in Morocco. Besides the 49 countries concerned by […]
The World Bank approved Friday a $250 million loan to Morocco for the economic development of its North-Eastern region. The funding will help improve transport connectivity and enable private sector growth in the North-East region, notably around the development of the Nador West Med (NWM) maritime complex. Morocco is implementing a major infrastructure investment plan […]
Low-cost airline Air Arabia Maroc has launched Thursday its first direct flight between Madrid and the Northeastern city of Nador. Air Arabia offers two weekly flights between Madrid and Nador, which are scheduled on Thursday and Sunday. The Madrid-Nador flight adds up to another connection of the company, linking Madrid to Tangier. From Barcelona, Air […]