First Independent Mena Newspaper
British energy start-up Xlinks has tendered for a geophysical and geotechnical study on the route to be taken by a 3,800 Km-long undersea electricity cable connecting Morocco to the UK. The undersea cable will be the longest of its kind and is intended to cross offshore Morocco, Portugal, Spain and France before reaching the UK. […]
Morocco has switched on its largest desalination plant in Chtouka Aitbaha, worth $470 million, to serve the water stressed area of Agadir and the farms in its south, the agriculture ministry said. The plant will have a daily capacity of 400,000 cubic meters of desalinated water and will help save underground water resources. Nearly 15,000 […]
Moroccan train operator ONCF regained normal traffic with 34.5 million passengers using its trains in 2021, up 64% compared to a year earlier marked by Covid-19 lockdown and travel restrictions. The state-owned company’s revenue stood at 3.5 billion dirhams the same year, compared with 2.8 billion in 2020, ONCF chief told the board of directors. […]
Olive harvest has increased by more than 40% on average since farmers, owners of olive groves, followed the Al Moutmir program, initiated by the phosphates group (OCP), which installed demonstration platforms allowing the farmers to optimize olive cultivation in a scientific way. They are more than 630 farmers who benefited from OCP Al Moutmir platforms […]
The European Bank for Reconstruction and Development’s (EBRD) injected €211 million in 10 projects carried out in Morocco in 2021. More than half of the total investment funded green projects. Through its Green Economy Financing Facility (GEFF) and the Green Value Chain Program, the EBRD provided a total of €88 million to partnering banks to […]
Morocco will reopen its airports to international passenger flights on February 7, after it has kept borders shut since Nov 29 to ward off a surge in Omicron infections, the government said. The flight resumption comes after a drop in Covid-19 infections which hit a peak last week with daily cases averaging 8500. The decision […]
King Mohammed VI chaired this Thursday in the province of Benslimane (Casablanca-Settat Region), the launching ceremony of the works for the construction of a manufacturing plant for Covid-19 vaccines and other vaccines. The plant will require an investment of approximately 400 to 500 million euros. With the launch of this structuring project which, in the […]
The Tunisian government has been mounting pressure on local financial institutions to fund the 2022 national budget as the country struggles to land foreign loans to close the project’s $2.8 billion budget deficit. The move is revealed by Ahmed El Karm, member of the executive board of Tunisia-based independent think-tank Institut Arabe des Chefs d’Entreprises […]
Thanks to an economic recovery and better tax revenue, the Moroccan government reduced its fiscal deficit to 6% of GDP in 2021 from 7% a year earlier, the finance ministry said. The deficit stood at 70.9 billion dirhams, down from 82.3 billion dirhams in 2020, a year in which Morocco imposed a three-month long lockdown […]
The Rabat-based Bayt Mal Al Quds Acharif Agency on Wednesday approved the first part of social and human development projects in Al Quds Acharif under its 2022 annual plan for a total amount of one million dollars, within the framework of the unwavering solicitude of King Mohammed VI, Chairman of the Al-Quds Committee, towards the […]