First Independent Mena Newspaper
Casablanca Finance City (CFC) has retained its ranking as the first financial center on African continent on Global Financial Centers Index (GFCI). The latest GFCI report, the 30th edition, ranks CFC 53rd globally, 4th in the Middle East region and the first on the African continent. CFC dominates Cape Town (62nd), Johannesburg (64th), Mauritius (73rd) […]
Moroccan economy is expected to grow by 4.3% in the fourth quarter of 2021, instead of a 5.1% decline a year earlier, due to an increase of 18.5% of the agricultural value added and 2.5% of the non-agricultural value added, according to the planning agency, HCP. Crop production growth prospects are expected to remain favorable, […]
The International Monetary Fund (IMF) has painted a grim picture of the Algerian economy which has been weakened by the macroeconomic imbalances exacerbated by the Covid-19 pandemic and needs urgent structural reforms to maintain stability. “The coronavirus pandemic and concomitant decline in oil production and prices have seriously impacted the economy last year, leading to […]
France’s development agency AFD will pump €100 million into the establishment and management of a wholesale market in Egypt next year. The market will be built in Borg el-Arab; industrial city in the governorate of Alexandria, Arab Finance reports, quoting Minister of Supply Ali Al-Muselhi. A joint Egyptian-French company will be set up to manage […]
Agricultural sciences and new technologies offer an “enormous potential” to Morocco for the development of the farming sector, said, Thursday in New York, permanent representative of Morocco to the UN, Omar Hilale. “Today, these sciences and technologies are helping to increase the production of small and medium farmers as well as helping to produce more […]
Moroccan insurance and real-estate company Holmarcom seeks to buy stakes held by Paris-based Credit Agricole in its Moroccan branch Credit du Maroc. In a statement, Holmarcom said it has started negotiations but added that there is no “uncertainty”. The deal, if completed, will bolster Holmarcom standing as one of leading insurance companies in the country […]
A new ruling by the European Court of Justice annulled the agricultural and fisheries deals that covered all Morocco’s territories and waters in a verdict that sidelined with the Polisario separatist claims putting Moroccan-EU cooperation to another test. Both Morocco and the European council and the EU commission are attached to the agriculture and fisheries […]
Following the ruling of the European court of Justice challenging Morocco-EU farm & fisheries deals, Rabat and the European bloc issued on Wednesday a joint statement, affirming that they will continue their bilateral cooperation and will stand united in defending the legality of their partnership agreements. “We remain fully mobilized to continue cooperation between the […]
Royal Air Maroc (RAM), the kingdom’s national carrier, has emerged as the first airline in the North African region over regional and continent giant EgyptAir. World Airline Awards organized by United Kingdom-based aviation consultancy firm Skytrax named RAM the fourth best airline on the African continent. The continental ranking is dominated by iconic Ethiopian Airlines […]
Morocco and Mauritania are willing to build on the current momentum to further bolster their economic ties, Foreign Ministers of the two countries said. Morocco is determined to work together with Mauritania to foster economic ties to reflect the excellence of bilateral cooperation, Foreign Minister Nasser Bourita said following talks with his Mauritanian peer Ismaël […]