First Independent Mena Newspaper
Morocco has consolidated its position among major European Union automotive suppliers, representing 4% of EU vehicle sales during the first half of 2025 according to European Automobile Manufacturers Association data. The kingdom ranks alongside China, Japan, Turkey, and South Korea as strategic partners in the global automotive value chain. This achievement results from expanding national […]
The Central Bank of Egypt (CBE) on Wednesday hosted the 9th Annual Conference of Mediterranean Central Banks in Cairo, convening governors, policymakers, and senior officials from across the Euro-Mediterranean region. The event, organised in collaboration with Banco de España, the OECD, the European Institute of the Mediterranean (IEMed), and the Union for the Mediterranean (UfM), […]
The United States has pledged significant support for the construction of Bishoftu International Airport in Ethiopia, a landmark $10 billion project aimed at transforming the Horn of Africa’s aviation landscape. Announced by U.S. Senior Advisor for Africa, Massad Boulos, during a recent visit to Ethiopia ahead of the United Nations General Assembly, this marks President […]
Mauritania has announced plans to establish a national nanosatellite program aimed at enhancing sovereign space capabilities and strengthening digital services across the country. The initiative, led by the Ministry of Digital Transformation, will involve the deployment of one or more low Earth orbit satellites, the construction of ground infrastructure, and the transfer of technological skills […]
Morocco has been elected to the International Civil Aviation Organization Council during the 42nd session of the United Nations aviation body in Montreal. The kingdom’s selection demonstrates international confidence in Morocco’s aviation sector development and commitment to global civil aviation standards. “The kingdom’s brilliant election to the ICAO Council illustrates Morocco’s strong reputation and international […]
Morocco’s domestic commerce sector participated in comprehensive discussions at Maamora near Salé, bringing together merchants, federations, professional associations, and private operators to address structural challenges within this essential economic sector. The gathering focused on formalizing retail operations while advancing digital integration across small-scale commerce, reported L’Economiste daily this Wednesday. Industry and Commerce Minister Ryad Mezzour […]
Morocco’s trade deficit reached 225.29 billion dirhams through August 2025, increasing 15.5% compared to the corresponding 2024 period, according to Foreign Exchange Office data. This widening gap results from import growth outpacing export expansion despite positive performance in other economic sectors. Imports surged 8.4% to 533.42 billion dirhams while exports grew more moderately at 3.8%, […]
The Trump administration has backed a one-year extension of the African Growth and Opportunity Act (AGOA) just as the two-decade-old trade agreement was set to expire on 30 September. While the move offers temporary relief, it has done little to dispel mounting fears over the future of U.S.-Africa trade. AGOA, first passed in 2000, provides […]
Morocco’s domestic demand accelerated dramatically to 9.2% growth during second quarter 2025 compared to 6.6% in the corresponding 2024 period, contributing 9.9 points to GDP growth versus 7.1 points previously. The High Commission for Planning’s national accounts confirm consumption and investment’s driving role in the kingdom’s economic recovery. Gross investment levels encompassing fixed capital formation, […]
Fitch Ratings has affirmed Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a stable outlook. Morocco’s ‘BB+’ ratings reflect sound macroeconomic policies, strong official creditor support, favorable debt profile and comfortable international liquidity buffers, explained the agency in a commentary published on its official website. Fitch indicated that Real GDP growth was stable […]