First Independent Mena Newspaper
Morocco’s economic growth is expected to slow to 1.1% in 2022 due to a sharp drop in agricultural production but national GDP will increase 4.3% in 2023, the World Bank said. Morocco’s economy grew 7.8% last year as the economy continued to recover from the Covid-19 impact amid an exceptional agricultural output making up for […]
Morocco is hosting on June 8 the first ministerial meeting of African Atlantic States, which will bring together 21 countries of the Atlantic coast, including about fifteen represented at ministerial level, announced this Tuesday the Moroccan Foreign Ministry. This event, held in Rabat, will provide opportunity to develop a common African vision on this vital […]
Renault Group will buy Moroccan cobalt from Managem starting from 2025 as it seeks to bolster battery production for its electric vehicles. A memorandum of understanding was signed between the two companies amid higher demand for low carbon cobalt from carmakers. Under this deal, Managem will supply 5000 tons of sulfate cobalt annually for a […]
Morocco has canceled customs duty on oilseeds and other ingredients used for table oil in order to deal with skyrocketing prices. The decision was announced by the government spokesman Mustapha Baitas following the weekly cabinet meeting Thursday. The decision aims to alleviate the financial burden on households as the price of cooking oil is set […]
Medical tourism generates around $330 million for Tunisia every year and positions the country as the second destination in the world right after France, Webdo Tunis reports, citing the country’s tourism authority (ONTT). ONTT also revealed that 550,000 tourists visit Tunisia every year and the average spending per patient is $3,000 per week. The medical […]
Remittances by Moroccan expatriates exceeded 30.56 billion dirhams at the end of April 2022, against MAD 29.03 billion a year earlier, according to the Office des Changes (exchange office). These transfers are up 5.3% or 1.52 billion dirhams, said the Office in its monthly bulletin of foreign trade indicators for April 2022. The Office also […]
Skoda Auto is among the automotive makers who are looking to Morocco to supply cable harness to offset the production disruption due to the Russia-Ukraine war. In a statement, Skoda Auto said it has secured additional production capacities of cable harness from Morocco and Romania which will add to a plant it has relocated from […]
Morocco reported a 124% rise in tourism receipts to 14.62 billion dirhams ($1.5 bln) up to April this year, getting closer to pre-pandemic levels of 2019, the exchange office said. Analysts say that the receipts could have been higher had it not been for Ramadan which coincided with April this year. Morocco is restoring air […]
The 2022 Euromed Summit of Economic and Social Councils and similar institutions kicked off Tuesday in Marrakech, under the theme “COVID-19: the role of civil society in the reconstruction and resilience of the Euro-Mediterranean region.” The summit, organized by the European Economic and Social Committee (ECSC) and Morocco’s Economic, Social and Environmental Council (CESE), analyzes […]
Aguila Saleh, Speaker of the Libyan parliament and Fathi Bashagha, one of Libya’s rival Prime Ministers, arrived Monday in the city of Sirte for the chamber meeting of Tuesday to discuss the draft general budget law for the year 2022 submitted by the former Interior Minister. Saleh landed at Al-Qardabiya Airport on Monday evening and […]