First Independent Mena Newspaper
Chariot energy company announced this Monday a major gas discovery offshore northern Moroccan city of Larache, following appraisal and exploration drillings carried out at the Anchois-2 well within the Lixus licence. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which holds a […]
Morocco’s exports to Brazil have reached a record level estimated at about $2 billion in 2021, according to data of the Brazilian Ministry of Economy. The data suggest that Morocco has exported products worth more than $1.9 billion to the Latin American country, which represents a record level never reached before since 1997 when Moroccan […]
After a series of attacks by the Algerian government through its official media, the World Bank has responded in a well-thought statement that defended its latest data-based report warning on worsening poverty and economic conditions in Algeria. The official mouthpiece of the military regime in Algeria has published at least three articles in which it […]
Be nice to people on your way up because you might meet them on your way back! So says an adage that applies well to Algeria’s hysterical and hostile attacks on the World Bank after it issued a report that merely states the obvious and urges Algeria to take action to avert the collapse of […]
Morocco has become a key country for China in its new silk roads project, thanks to the Kingdom’s attractiveness and geostrategic location, French Magazine Le Point underlines in an article published on Thursday. “Morocco has strengthened its position as a gateway to Europe and Africa in recent years. This has not escaped the attention of […]
Morocco and China signed the implementation agreement of the Belt and Road Initiative providing for further Chinese investments in the Kingdom. In a ceremony chaired by foreign minister Nasser Bourita and Vice President of China’s committee for reform and development (NDRC) Ning Jizhe, the two countries vowed to add momentum to bilateral cooperation. The new […]
Tunisia has pledged to the International Monetary Fund (IMF) to freeze salaries and recruitments in public sector from next three years until 2024, local powerful NGO I Watch has revealed, citing a leaked document about the ongoing negotiations for a loan between the North African country and the Washington-based lender. Tunisia is talks with the […]
Algerians woke up to renewed queues on cooking oil and bread in 2022, two commodities that joined a list of long essential goods whose prices spiked under the impact of high inflation and import cuts. The queues indicate shortages coupled with a high inflation of basic products under the impact of a state policy to […]
Morocco sets an example for other African countries in industrialization and export promotion, Zambian expert Edward Chisanga said Monday. “What we need the most is to follow the path taken by countries like Morocco whose world exports of manufactured products amount to 72%,” said Mr. Chisanga, member of the International Center for trade and sustainable […]
The Rabat-based Bayt Mal Al-Quds Al-Sharif Agency has launched the “Winter of Al-Quds 2021” campaign, for the benefit of schoolchildren and families of orphans sponsored by the Agency. The agency has allocated $80,000 to this campaign, which is part of the programs and projects implemented by Bayt Mal Al-Quds Al-Sharif Agency in various priority social […]