First Independent Mena Newspaper
The Rwanda Stock Exchange (RSE) announced Tuesday the appointment of SCL Advisory Limited, a company founded and led by Moroccan Selloua Chakri, to help it expand its database and develop its activities around the world. “SCL Advisory Limited will support the Stock Exchange’s efforts to provide financial professionals and issuers with market data, analysis, and […]
The European investment bank provided Morocco last year with €617 million to support the Kingdom’s response efforts to covid-19, the private sector, SMEs and agricultural sector companies. The European bank has doubled in 2020 its funding to Morocco compared to 2019, said the bank in a press release, noting that it took wide-ranging action under […]
Morocco was the largest Arab exporter to Mexico in 2020, with more than $298 million of products exported, according to the Mexican Foreign Trade Council (COMCO). The Kingdom’s exports are mainly made up of calcium phosphates, vehicles and planes spare parts as well as fishery products. Moroccan exports to the second largest economy in Latin […]
Internet data usage rose dramatically in Morocco during the pandemic on the back of an increase in new subscribers of 4G and broadband, Morocco’s telecoms regulator said. Data usage was up 155% to 8 billion gigabytes in 2020 compared to a year earlier, the agency said. The number of subscribers rose to 29.8 million, which […]
Morocco’s Tanger Med port has outperformed all Mediterranean peers in terms of goods that have transited through it last year building on robust infrastructure, Spanish daily El Pais wrote. The Moroccan port handled 5.7 million containers in 2020 compared to 5.4 in Spain’s Valencia and 5.1 in the nearby Algeciras. The port benefits from its […]
The extension and conversion works of the Institute Specializing in Aeronautics and Airport Logistics Trades (ISMALA) in Nouaceur, near Casablanca, were launched on Thursday. The works are co-financed by the US Millennium Challenge Corporation (MCC) which invested in the project 59.5 million DH ($6.6 million) through its MCA-Morocco “Charaka Fund”. Morocco’s Office for Vocational […]
Morocco will take part in the 27th international Mediterranean tourism market (IMTM-2021) due in Tel Aviv June 15-16. The move comes following the normalization of relations between the Kingdom and Israel. According to a local Moroccan news outlet, the exhibition, the largest annual professional tourism fair of its kind in the Eastern Mediterranean, will bring […]
The UN General Assembly on Wednesday adopted by consensus the resolution proclaiming May 10 the International Day of the Argan Tree, as an intangible cultural heritage of humanity and ancestral source of sustainable development. The UN resolution, tabled by Morocco, was co-sponsored by 113 member states of the United Nations. The Argan tree, a tree […]
Tunisia counts more than 650,000 civil servants that is 5% of the total population of 12 million people, a number that weighs significantly on the state budget. Tunisia has more public sector employees compared to 568,000 in Morocco which has a population three times bigger. The IMF has urged the Tunisian government to cut the […]
Following the telephone conversation held last month between King Mohammed VI and President Muhammadu Buhari, a Nigerian delegation led by minister of Petroleum Resources Timipre Marlin Sylva is visiting Morocco to set out the next steps of the $1.3 Bln fertilizer production plant project launched in June 2018. Spearheaded by OCP Group and the Nigeria […]