First Independent Mena Newspaper
Morocco has an active aerospace industry cluster which saw exports dip due to the pandemic but operators started to see light at the end of the tunnel, wrote Reuters in a spotlight on the industry. Morocco has set up clusters for aerospace part manufacturers that supply Boeing, Airbus and Safran. So far, Morocco produces 38% […]
A new shipping line between Morocco and the United Kingdom will be launched shortly, connecting Tangier directly to Poole in southern England, and avoiding thus the complications caused by Brexit, reports the British specialized website thegrocer.co.uk. The new direct shipping route will help Moroccan products avoid the border friction created by Brexit on goods arriving […]
Morocco stands out in the field of country branding, topping the Africa ranking of the “Country Brand Awards” for the “Overall Category”, according to the organizers of this award, which covers several areas including the attraction of foreign investment, tourism promotion, and doing business. This year, the organizers added a new category, namely the management […]
New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook. “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]
The Moroccan government is expected to pass a draft law legalizing the use of cannabis for medical purposes, ending decades of debates over the substance. The law will enter into force after approval of the parliament and after it is published in the official bulletin. The same draft law provides for the setting up of […]
Morocco launched 52 investment projects worth 1.1 billion dollars with a capacity to employ up to 12.583 people in a bid to narrow its budget deficit. The projects are designed to cover goods that Morocco imports and will cut by 820 million dollars Moroccan imports. Part of its industrial acceleration plan, the new projects will […]
Morocco has been removed from the EU’s tax haven grey list after it took a series of measures and enacted new laws aiming to ensure greater transparency. The most recent reforms undertaken by Morocco to comply to EU fiscal standards was that of the tax system pertaining to financial hub, Casablanca Finance City. Morocco has […]
The Mohammed VI Polytechnic University (UM6P) has inaugurated African SuperComputing Center (ASCC), a cutting-edge platform to accelerate and improve research in the kingdom and on the continent. ASCC, the largest Supercomputing Infrastructure in Africa, will provide High-performance Computing (HPC) services. Based on the latest technologies in the HPC world, ASCC can deliver a performance of […]
World football governing body’s head Gianni Infantino unveiled Wednesday in Mauritania the first overseas branch of AB Sport, a Moroccan firm producing sport kits. Infantino, reports say, was joined at the ceremony by Ahmed Ould Yahya, the President of the Mauritanian football federation (FFRIM) and Mohamed Bessam El Aqil, CEO of the Moroccan company. The […]
Remittances from Moroccans living abroad rose 5% to stand at 68 billion dirhams (7.5 billion dollars) despite the pandemic, but finance minister said only 10% of these transfers were invested. Most of the investments of Moroccans abroad went to real estate, finance minister Mohamed Benchaaboun told Moroccan employers association (CGEM). A part from 15% that […]