First Independent Mena Newspaper
Morocco and India’s technology giant Hindustan Computers Limited (HCL) signed over the weekend an agreement on an investment project meant to boost technology cooperation. In a joint communique released following the signing ceremony Saturday in Noida, India, the two partners indicated that the agreement underlines HCL’s determination to invest in Morocco in the outsourcing sector. […]
The OCP group announced that it has obtained the Government’s greenlight for the creation in Spain of a company dedicated to the production and marketing of organic fertilizers as well as to research and development in this field. The announcement was made after the publication in the Official Gazette of a decree allowing the Group […]
Franco-Moroccan young man, Faouzi Annajah, has stunned the world as he became the first manufacturer of a car running on hydrogen, the currently much sought-after energy resource. The 29-year-old entrepreneur has unveiled NamX; a SUV car prototype, with the help of several partners including Italian and world renowned design house Pininfarina. The inauguration took place […]
The 2022 Euro-Mediterranean Summit of Economic and Social Councils & Similar Institutions will be held in the Moroccan city of Marrakesh from May 31 to June 1 to discuss the post-covid challenges facing the Euro-Mediterranean region. The event is organized by the European Economic and Social Committee (EESC) and the Moroccan Economic, Social and Environmental […]
The African Development Bank Group has approved an additional financing of €57 million for Morocco to help finance the ongoing construction of the Nador West Med port complex. This financing completes a first funding of nearly €113 million, granted by the Bank in 2015, said AfDB in a press release, published on the sidelines of […]
The Algerian government has made much fuss about an incoming investment code which analysts see as a cosmetic measure that fails to address the real issues that make Algeria a very unfriendly foreign investment destination. A copy of the draft of the new code was unveiled last week copying much of a similar code that […]
The World Bank has agreed to provide Morocco a $350 million loan to support its Blue Economy program which will help create job opportunities, support economic growth and enhance food security. Morocco’s Blue Economy program aims to improve the integrated management of natural resources, and strengthen selected sectors for a climate-resilient blue economy in targeted […]
Representatives from 25 Israeli start-ups are building bridges in Casablanca with their Moroccan peers at an event in Casablanca that received endorsement from the governments of the two countries. The event, dubbed Connect to Innovate, features the participation of Israeli firms operating in the critical fields of water management, agriculture, sustainability, logistics and cyber which […]
The African Development Bank (AfDB) has released a global aid package of $1.5 billion to prevent a food crisis on the African continent due to the Ukraine-Russia conflict. “This plan of 1.5 billion dollars will be used to help African countries to produce food and to do it quickly,” said AfDB President Akinwumi Adesina, before […]
The Swiss Federal Council is planning to add Morocco to its new list of partner countries in the fight against illicit financial flows and cross-border tax evasion. After approval of the competent authorities, entry into force of the automatic exchange of information on financial accounts (AEOI) is due in 2023. Ecuador, Georgia, Jamaica, Jordan, Kenya, […]