First Independent Mena Newspaper
Morocco has prepared a propitious investment infrastructure in Dakhla in the Sahara region, which is now poised to serve as a gate for Africa, the Oxford Business Group said. The region already enjoys a GDP per capita that is twice higher than the national average and boasts a diversified economy that comprises fisheries, tourism, renewable […]
The European Union (EU) has once again confirmed in its annual report, published on Wednesday, that the population of Morocco’s southern provinces benefits fully from the agreements concluded between Morocco and the EU. The publication of this annual report by the European Commission and the European External Action Service (EEAS) is part of the implementation […]
The African Development Bank, AfDB, has approved the allocation of €104 million to Tunisia for the implementation of the 2nd phase of the Road Infrastructure Modernization Program (PMIR II). The Abidjan-based financial institution is a press release said the program seeks to establish an efficient and sustainable transport system capable of developing intra- and inter-regional […]
The Islamic Development Bank (IsDB) has agreed to fund 50 pc of the Front-End Engineering Design (FEED) Study for the Nigeria-Morocco Gas Pipeline project expected to enhance African integration, regional trade, and economic cooperation. The funding agreement was signed remotely on Monday by IsDB Vice President Mansur Muhtar, Moroccan Economy & Finance minister Nadia Fettah, […]
Morocco’s central bank revised upwards its inflation figures for 2021 to 1.4% from 1.2% due in part to a surge in foodstuff and fuel prices in the international market. Though inflation is expected to remain under control, the central bank said it plans an inflation targeting as it continues currency reforms, yet without giving a […]
A year after the signing of the Morocco-US-Israel deal, Rabat has already started to reap diplomatic and economic benefits, bolstering its clout in the region in favor of peace and stability. The deal to resume ties between Rabat and Tel Aviv was brokered by the Trump administration which recognized Morocco’s sovereignty over the Sahara region […]
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]
The Royal Armed Forces (FAR) have received the first batch of the Chinese long-range anti-aircraft defense system with a Chinese FD-2000B battery, ordered in 2017, according to the Spanish website Defensa.com. The first battery for the FD-2000B system was received in the middle of this year, and was activated a few weeks ago in Morocco’s […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
Morocco’s crackdown on all sorts of smuggling and contraband originating from the enclaves of Ceuta and Melilla under Spanish occupation has helped the country gain an additional 4 billion dirhams in customs revenue. Since the outbreak of the coronavirus, Morocco has maintained its borders closed with the two cities to fight the virus but the […]