First Independent Mena Newspaper
The maritime line between the ports of Portimão (Portugal) and Tangier (Morocco), which was scheduled to start service July 1st, has been cancelled after a spike in the cases of the highly contagious Delta variant of the coronavirus in Portugal. Moroccan authorities have called lately for vigilance and compliance with precautionary measures against covid-19, including […]
Morocco’s textile exports to Europe rose 23% so far in 2021 compared to 2020 which was marked by low demand due to the global pandemic, Morocco’s industry minister said. The sector showed resilience in the face of Covid-19 as local operators shifted production to meet domestic demand in terms of masks and protective gear and […]
Morocco managed to use the Covid-19 context as an opportunity to accelerate reforms by launching policies to address inequities and resolve some of the obstacles to economic growth, the World Bank said. In a recent report, the World Bank cited measures taken by Morocco in the wake of the pandemic, notably the creation of a […]
The European Bank for Reconstruction and Development (EBRD) expects Morocco’s economic growth to reach this year 4.5 per cent after a 6.3 per cent contraction in 2020 due to the global health crisis which affected trade exchanges, air transportation, tourism… In its latest “Regional Economic Prospects” report, the European bank says “a solid recovery” is […]
The socio-economic development of Morocco’s southern provinces was highlighted by experts during a virtual side-event organized Tuesday by the support Group for the Kingdom’s territorial integrity in Geneva, which musters the permanent missions of 32 countries. Placed under the theme “Deserts: transforming challenges into opportunities for sustainable territorial development”, this conference, moderated by Morocco’s Permanent […]
Moroccan Trade Minister has asked Egyptian peer to abide by fair trade principles in line with the Agadir Free Trade deal after Egyptian authorities blocked on purpose a cargo of Dacia cars made in Morocco. Trade Minister Moulay Hafid Alamy told MPs he complained to his Egyptian peer about the unjustified delays and waved the […]
Canadian mining company Aya Gold & Silver is expanding the scope of its operations in Morocco where it has been granted seven new exploration permits located in a known copper-gold-silver-bearing area. Five permits located within the prolific Zgounder Regional area, increase Aya’s exploration land holdings from 112 km2 to 168 km2, while the two other […]
Morocco’s phosphates and fertilizers producer OCP obtained a loan of 100 million dollars from the International Financial Corporation (IFC) to develop its African value chain. The loan will help OCP Africa to expand its logistics networks and increase the availability of fertilizers, adapted to local soils and crops, in Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, […]
Morocco is ready to support the private sector in order to develop national long-range passenger ships linking Moroccan ports to European peers, transport minister Abdelkader Amara said. Morocco already has a fleet that links Moroccan cities to southern Spanish ports but passenger traffic between the two countries has been cancelled this year due to Covid-19, […]
A Council of Ministers held Monday in Fez under the chairmanship of King Mohammed VI adopted the draft framework law on tax reform that was prepared in application of the royal guidelines and on the basis of the recommendations of the National Tax Conference held in May 2019. The text seeks to establish an efficient, […]