First Independent Mena Newspaper
A group of Moroccan fruits and vegetable growers is taking part in the 2022 FRUIT LOGISTICA trade show which opened doors this Tuesday in Berlin with the participation of 2,000 exhibitors from 87 countries. The three-day event is an opportunity for Moroccan producers to showcase the great potential and high quality of Moroccan fruits and […]
Morocco’s trade deficit rose 57% up to February this year, due to a surge of commodities prices in the international market. Tensions in the black sea and the loss of Ukrainian and Russian commodities and wheat exports sent prices skyrocketing hitting the finances of import-reliant states. For example, Morocco’s ammonia imports, used in the production […]
Morocco’s new development model emphasized the key role that Casablanca stock exchange is poised to play and set goals such as increasing market capitalization and initial public offerings. However, the stock market suffered a lethargy in recent years with fewer listings and low secondary market activity as well as a flight of foreign investors. The […]
The European Bank for Reconstruction and Development (EBRD) launched this week in Casablanca the Green Economy Financing Facility Morocco II (GEFF II), a credit line facility of €163.5 million. Green Economy Finance Facility Morocco II (GEFF II) is a €163 million financing line set up by the European Bank for Reconstruction and Development (EBRD) with […]
Morocco’s tourism authority, ONMT, has signed a deal with Israeli private carrier Israir to promote the kingdom destination as both countries boost ties. ONMT in a statement issued on Tuesday indicated the deal, signed by ONMT Director Adel El Fakir, and owner of Israeli airline Rami Levi, will enable Israir to operate two weekly flights […]
The African Development Bank has pledged to provide Morocco more than $1 billion over the next two years to enable the North African country cope with drought and support climate-resilient agricultural initiatives seeking to boost farming production and ensure food security. The announcement was made Tuesday by AfDB Vice-Pdt Beth Dunford following her working visit […]
Morocco called on the US and Israel to increase their investments in Morocco in line with the spirit of the trilateral deal of December 2020 which led to resumption of ties with Tel Aviv, foreign minister Nasser Bourita said. Bourita, speaking at a press conference with US Secretary of State Antony Blinken, who is on […]
Morocco’s Phosphates (OCP) will help Côte d’Ivoire enhance agricultural competitiveness and strengthen the impact of local development policies on rural populations. To this end, the two sides signed Monday in Abidjan a framework agreement relating to the development of a strategic partnership between them. this strategic partnership agreement, covering an initial period of two years, […]
Norwegian company “Empower New Energy” has won a $2 million contract to equip four poultry plants of Zalar Holding with solar photovoltaic panels for the production of electricity. The project is developed in partnership with the experienced Moroccan renewable energy company – JET Energy. It is expected to generate 3800 MWh per year. This will […]
The outsourcing sector, which employs in Morocco more than 130,000 people, creates about 10,000 jobs every year and generates $1.4 billion in export sales. These figures were disclosed by Youssef Chraibi, President of the Moroccan Federation of Outsourcing Services at a meeting held lately by the Moroccan employers Union (Conféderation Générale des Entreprises du Maroc). […]