First Independent Mena Newspaper
The US International Development Finance Corporation (DFC) will open a branch in the city of Dakhla which will serve as a platform for all its operations towards the African continent. This initiative confirms Dakhla’s vocation as a link between North Africa and Sub-Saharan Africa and a major economic hub, as planned in the development model […]
Morocco is witnessing abundant and more evenly distributed rainfall this year auguring well for the agricultural season after years of draught that affected output especially in the southern region. Dams especially in drought hit areas such as Souss are being filled and five of the biggest dams in the country have already hit their maximum […]
Morocco’s fiscal revenues exceeded the expectations set in the budget law standing at 146 billion dirhams, or 107% of the revenues projected in the budget law. Tax revenues were only 4% lower compared to last year in a difficult economic context marked by the fallout of the pandemic on economic activity and tax breaks offered […]
An American delegation, led by David Schenker, Assistant Secretary of State for Near Eastern Affairs, visited this Sunday the premises to host the US general consulate in the Saharan city of Dakhla. David Schenker was accompanied by the US ambassador in Rabat, David Fischer. The American delegation inspected the premises of the US consulate to […]
The decades-old project to connect Africa to Europe via the strait of Gibraltar has resurfaced lately as several media reported that London, or rather Boris Johnson, is determined to take advantage of the trade opportunities that may arise from its new status as a former partner of the European Union. And connecting Gibraltar to Morocco […]
The scale of the informal sector in the Moroccan economy amounts to 30% of GDP said a new study conducted by the Central Bank. The informal economy leaves workers in vulnerability without pension or health insurance and undermines the economy due to tax and anti-competitive practices. In the MENA region the average part of the […]
The Moroccan carrier Royal Air Maroc (RAM) announced on Wednesday the launch as of March 28, 2021, of a new direct air route linking Casablanca to Dubai, with three flights per week. “Flights from Casablanca will be operated every Tuesday, Thursday and Sunday, with a flight time of seven and a half hours. Take-off will […]
Moroccan authorities are planning to set up free industrial zones to attract investments that shall benefit from the deep water port that Morocco will build in Dakhla, Moroccan media reported. Morocco’s King Mohammed VI has underscored the strategic importance of the port of Dakhla in unlocking the economic potential of the southern provinces and boosting […]
The Tunisian ministry of Transport and Logistic Monday named a new Chief Executive Officer for the national carrier, headless since the dismissal in July 2020 of a former executive on corruption charges. The new CEO Olfa Hamdi is tasked with developing a strategic action plan to save the airline and enable it to be competitive. […]
Morocco’s phosphates and fertilizers producer OCP and China’s Hubei Forbon Technology signed a research and development Joint Venture to develop a new generation of fertilizers and smart agriculture. Hubei Forbon Technology Co.,Ltd. (Forbon) is engaged in the research, development, manufacture and sale of fertilizer additives and an innovative company in digital agriculture. The JV will […]