First Independent Mena Newspaper
The European Union has contributed up to one million euros to a twinning project between French and Tunisian public television with the aim of modernizing the North African country’s state-run television, Business News reports. The project to span over 24 months aims chiefly at backing the modernization of Tunisia’s public media in line with the […]
As the world is celebrating this May 10 first- ever International Argan Tree Day, Morocco announced plans to speed up the process of planting argan trees to meet a growing international demand for argan oil and byproducts due to their health benefits. So, 50,000 hectares will be planted with argan trees by 2030 in the […]
Algeria’s president Tebboune ordered the government as well as public and private companies to refrain from doing business with what he called “foreign entities”, targeting in particular Moroccan operators. Blinded by hostility to everything Moroccan, Algeria’s new ailing president Tebboune is desperately seeking to distract the Algerian people from the worsening economic and social crisis […]
Despite the coronavirus crisis impact, Morocco maintains macroeconomic stability, low inflation and a relatively comfortable level of foreign exchange reserves that act as external liquidity buffers, Fitch Ratings said. The agency affirmed Morocco’s long-term foreign-currency issuer default rating at ‘BB+’ with a Stable Outlook. Fitch Ratings however expects the government’s budget deficit to stand at […]
Morocco’s tourism promotion office ONMT has launched a promotional campaign to encourage domestic tourism to save a key sector hit by coronavirus restrictive measures. The campaign, dubbed Ntla9awfbladna or let’s meet in our country, was launched on social media platforms and national media outlets in response to calls by tourism professionals to promote internal tourism. […]
The African Development Bank will grant Morocco nearly one million US dollars intended to support efforts to improve the business climate and to strengthen the country’s resilience in the face of COVID-19 economic crisis by accelerating the country’s post-pandemic recovery. The grant agreement was signed Monday by Morocco’s Ministry of Economy & Finance and […]
Morocco’s car exports rose 39% to 22.6 billion dirhams in the first quarter this year, topping all industrial sales as the country’s trade deficit shrinks 11.2% during the same period. The improvement in the trade deficit is actually reflective of a drop in demand by Moroccan manufacturers as a result of the slowdown in key […]
After two years of successive drought, Morocco’s dam filling almost stayed stable at 51.3% by March 8, said the water department. In a recent report, the ministry noted that last year’s water storage in Moroccan dams stood at an average of 49%. While north and central dams show resilience and higher filling capacity, those of […]
Morocco’s SGTM Somagec was retained as the only candidate for the flagship project of Dakhla port, key to Morocco’s development plan for the Saharan provinces. Equipment ministry confirmed the news to multiple Moroccan media which reported that the winner will be officially unveiled after assessment of the technical and financial offer. The Moroccan firm was […]
Morocco’s Interior Minister Abdelouafi Laftit has made the case for a rapid adoption of the cannabis legalization bill citing notably the development aims of the project and the need to tap into a growing legal cannabis market. Laftit who was speaking to MPs argued against PJD members mainly who are the main opponents of cannabis […]