First Independent Mena Newspaper
Morocco is seriously mulling the launch of a new high speed rail connecting Casablanca with Agadir, whose cost is estimated at 7 billion dollars, transport minister Mohammed Abdeljalil said. The new rail link will bolster economic integration between different Moroccan regions and is part of a plan to serve 43 cities with rail services instead […]
Moroccan Minister of Economy & Finance Ms. Nadia Fettah Alaoui, Chair of the African Caucus (formed of African finance ministers & central bank governors) has urged the World Bank and the International Monetary Fund to rethink the current global financial architecture to address the development funding needs of African countries. The Moroccan minister made the […]
The Uk braces for a new electricity order in which renewable energy generated from Morocco’s Sahara is well-placed as a competitive, clean and affordable source to supply the UK market, wrote the Telegraph. Xlinks consortium is preparing to launch within five years the world’s longest undersea cable to channel energy from Guelmim region in the […]
The UK’s XLCC is planning the setting up of a factory in Hunterston, Scotland, to manufacture the world’s largest subsea cable that will send clean energy from Morocco to the UK. Connecting the solar and wind plants in Morocco with Alverdiscott, North Devon, will start with a first phase in 2025-2027, Electric.co reported. The connection […]
A maritime line connecting Morocco and Saudi Arabia will be launched in the coming weeks to give a new impetus to economic and trade cooperation between the two countries, announced Khalid Benjelloun, chairman of the Moroccan-Saudi Business Council. The Federation of Saudi Chambers has signed an agreement with a shipping company to establish a direct […]
Morocco is set to invest MAD 65 million ($5 million) in the outsourcing sector with the aim of creating over 5,000 new jobs by 2026 at several cities including Tangier, Fes, Rabat, Casablanca, and Agadir. In this connection, four memorandums of understanding (MoU) relating to investment projects in the outsourcing sector were signed this Wednesday […]
Morocco and Saudi Arabia agreed on Monday to draw a roadmap for the creation of an integrated industrial system to increase investment opportunities and promote employment between the two kingdoms. The announcement was made during a meeting in Jeddah, between Saudi Minister of Industry and Mineral Resources, Bandar bin Ibrahim Al-Khorayef, and Moroccan Minister of […]
Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]
Three aerospace companies, Sabca Maroc, Belgium’s Sabena- an offshore of Blueberry Group- and the US Lockhead Martin will open the first maintenance plant dedicated to Moroccan military aircrafts, which is also poised to serve as a maintenance hub for friendly countries in the region operating airplanes such as C130. Morocco is building on its position […]
Attijariwafa bank won the award of “Best bank in Morocco for the year 2022” during the “World Best Banks Awards” trophy ceremony organized by the prestigious American magazine Global Finance. The new distinction confirms the position of Attijariwafa bank as national leader in its field of activity. This award, the 9th won by the Moroccan […]