First Independent Mena Newspaper
Morocco has achieved two years ahead in 2018 the goals it pinned on the automotive industry, notably in terms of turnover, exports, local sourcing and jobs. Thanks to an ambitious industrial acceleration plan that spurred public-private partnership and encouraged investments by global suppliers, Morocco’s automotive industry achieved the goals set for 2020 two years ahead, […]
The new shipping line to connect directly Tanger Med and Poole in southern England would be operational in September, said British Ambassador to Morocco, Simon Martin. In an interview with Le360 news outlet, the United Kingdom’s Ambassador to Morocco, Simon Martin, announced that the shipping line between the ports of Tangier Med and Poole, England, […]
The International Finance Corporation, IFC, a member of the World Bank, will invest $100 million in the first private sector green bond in Egypt, to help fund climate-smart projects, alleviate greenhouse gas emissions, and support Egypt’s shift to a greener economy, the institution said in a statement. The bond, the first by the private sector, […]
Attack helicopters have for long been a black hole in the Moroccan army but now no more as Morocco seeks to bolster capacity with mighty US and Turkish helicopters. Reports pointed that Morocco is negotiating a deal with Turkey to buy 22 T129 ATAK helicopters worth 1.3 billion dollars. The deal would add to an […]
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
Europa Oil & Gas, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, announced this Tuesday Aug.3 the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Offshore Permit, offshore Morocco in the Agadir Basin, awarded to the Company in 2019. Simon Oddie, CEO of Europa […]
“The absence of a constitutional court in Tunisia increases the risk of a prolonged political crisis, Moody’s Investors Service deemed in an issuer comment at the end of July, reports TAP news agency. This will further slow reform implementation upon which hinge disbursements under the umbrella of an envisioned new IMF loan agreement, according to […]
UK company Biwater has been picked up by Moroccan authorities to design and construct a new wastewater treatment facility for Moulay Bousselham, a fishing village and tourist destination positioned on the north coast of Morocco’s extensive coastline. The new wastewater facility will provide pre-treatment, biological treatment and advanced tertiary treatment, including closed low pressure ultraviolet […]
Morocco’s order of an additional 25 F-16C/D Block 72 fighter jets is on course of completion after the U.S. Air Force has awarded Raytheon Technologies a $212.05 million delivery order to provide fighter aircraft engines. In March 2019, the State Department approved the sale to Morocco of 25 F-16C/D Block 72 jets, built by Lockheed […]
Morocco aims at becoming the most competitive automobile industry by 2025, Moulay Hafid Elalamy minister of Industry, Commerce and the Green and Digital Economy has announced in the wake of a new strategic agreement with French automaker Renault. The kingdom of Morocco and the French giant in the African country adopted a new strategic roadmap […]