First Independent Mena Newspaper
The shipping company Morocco Cruise Line (MCL) will launch a new maritime line for passengers and goods which will link the port of the Granada town of Motril with that of Tangier Med in Morocco, announced the company, which said it has already completed the relevant procedures, reports atalayar.com The company also announced on […]
The European Bank for Reconstruction and Development (EBRD) is providing a €300 million financing package to Société Tunisienne de l’Electricité et du Gaz (STEG) to support the stability of Tunisia’s energy sector during the coronavirus pandemic in the medium term. This program will allow Tunisia’s state-owned national electricity and gas utility company to implement an […]
Morocco welcomed the creation by the African Union Commission (AUC) of the Africa Inclusive Markets Excellence Centre (AIMEC) which will have a key role to play to help African economies recover from the pandemic impact, Foreign Minister Nasser Bourita said. Inclusive business is conducive to post-Covid economic recovery, said Bourita on the sidelines of the […]
Marrakech will be the venue for the 24th General Assembly of the World Tourism Organization (UNWTO), an event that marks the beginning of the recovery of a sector hit-hard by the pandemic. A deal was signed between Moroccan Tourism Minister Nadia Fettah Alaoui and UNWTO Secretary General Zurab Pololikashvili. The Moroccan Minister highlighted that the […]
Morocco seeks to curb the imports bill by 34 billion dirhams ($3.7 bln), as part of measures to promote local production, head of the government Saad Eddine El Othmani said. The measure will help cut the cost of imports from 183 billion dirhams to 149 billion dirhams by 2023, he told MPs. Within the context […]
Despite challenges posed by the pandemic to international trade, Moroccan ports handled 92.5 million tons in 2020, that is a 5.1% rise compared to a year earlier, the national ports agency said. Imports rose 4.4% to 56.1 million tons due notably to a rise in cereal purchases by 33.4%, sugar (+8.9%), animal feed (+3.4%), coal […]
Turkish ready-to-wear stores operating in Morocco are looking for local suppliers after Morocco raised customs duty on clothes imports from Turkey. Defacto’s Morocco country manager Hassan Avsar said the company has already started textile production in Morocco. LC Waikiki is following suit seeking local suppliers for their stores, Medias 24 reported. This is a direct […]
The European Bank for Reconstruction and Development (EBRD) announced on Friday a €20 million risk-sharing facility (RSF) to enable Attijari Bank Tunisia, a subsidiary of the Moroccan Attijari Wafabank, support Tunisian small businesses to gain better access to financing. Since the outbreak of the coronavirus pandemic, existing challenges to access funding and liquidity have become […]
Morocco and Israel are set to exchange visits of high-level delegations in February to finalize the terms of cooperation agreements in various areas. The issue was discussed in a phone call Friday between Moroccan Foreign Minister Nasser Bourita and Israel’s National Security Adviser Meir Ben Shabbat. During the phone call, which takes place within the […]
Morocco and the USA have partnered to launch in the Beni Mellal-Khénifra region a socio-economic development program worth $18 million. The program is meant to promote an inclusive development of the region (North-central Morocco), with focus on the creation of economic opportunities for women, young people, people with special needs, and rural populations. The “Inclusive […]