First Independent Mena Newspaper
The World Bank has approved a $100 million additional financing for the Casablanca Municipal Support Program. The amount adds to the initial program of $200 million originally approved in 2017. The program supports the city’s financial and institutional strengthening under the Greater Casablanca Development Plan (Plan de Développement du Grand Casablanca, PDGC) with the aim […]
The southern city of Dakhla hosted Tuesday the first Moroccan-Spanish investment forum to be held in the region to explore opportunities for the development of economic and trade cooperation between the two countries. The forum, organized by the Council of the region of Dakhla Oued Eddahab, in partnership with the Ministry of Industry and Trade, […]
Safran Aerospace group has extended its aircraft nacelles production site in Casablanca. The 6,000 m2 expansion will enable the group to step up the production of the high-end Gulfstream G700/G800 business aircraft nacelles. Safran has invested €11 million in the site, which integrates the highest standards in the aviation industry. It thus becomes Safran’s reference […]
Saudi Arabia’s airline, Saudia, has resumed its direct and seasonal flights to Marrakech, its second destination in the Kingdom of Morocco after Casablanca, with three flights per week from Jeddah. The flights to Marrakech will be operated with Boeing (B787-9) Dreamliner, which has a capacity of 298 seats, including 24 in business class and 274 […]
Morocco’s central bank kept its key interest rate unchanged at an all-time low of 1.5%, in a sign that it is more concerned about promoting growth, than curbing a high inflation caused by exogenous factors. The Bank said inflation would soar to 5% in 2022 and drop to 2% next year. Central Bank governor had […]
King Mohammed VI has laid out his vision to spur a genuine African investment industry that can guarantee massive, sustainable mobilization of capital and ensure effective integration into financial markets. In a message addressed Monday to the conference of Africa Sovereign Investors Forum “ASIF” convened in Rabat, the Monarch said sovereign wealth and strategic investment […]
A delegation of Morocco’s phosphates and fertilizers producer OCP met officials in Niamey where they discussed possibilities for a fertilizers plant in the Sub-Saharan country, Niger’s state news agency reported. The meeting was part of Niger’s endeavors to seek partnerships to develop its agricultural sector, especially at a delicate international context marked by the disruption […]
The World Bank (WB) has just approved a $500 million loan to improve protection against health risks, childhood human capital losses, old-age poverty and climate change in Morocco. This is the first in a series of three grants for a government reform program that is concurrently receiving support from other development partners, the Washington-based organization […]
A U.S. State Department delegation traveled this week to the Moroccan Saharan city of Dakhla wherein they launched an e-commerce platform, dubbed “Dakhla-Market” which enables local artisans to showcase their artwork and services online. The delegation included Ariel Vaagen and Colin O’Connor, members of the U.S. Middle East Partnership Initiative (MEPI). Dakhla-Market is an outgrowth […]
The European Union has granted Tunisia €162 million to support the country’s various reforms that are expected to revive the economy. EU ambassador to Tunisia Marcus Cornaro announced the grant during a meeting Wednesday with Tunisia’s Minister of Economy and Planning Samir Saied, Webdo Tunis reports. The financial aid will reportedly support reforms in several […]