First Independent Mena Newspaper
The Chinese group Citic Dicastal, world leader specializing in aluminum casting and in the production of aluminum automotive parts, inaugurated, on Saturday in Kénitra, the second production plant for aluminum rims for a total investment of €350 million. This new plant, whose construction works were launched in November 2019, will double the annual production capacity […]
Poland’s Flyargo Company, which makes ultra-light aircrafts, will set up a plant in the Moroccan Sahara, an attractive region which offers investors huge business opportunities due to its political stability, untapped resources and position as a gateway for Africa. The announcement was made by Flyargo CEO Krzysztof Majkowski following a meeting held lately in Warsaw […]
Direct air routes between Morocco and Israel are expected to be launched in two to three months, following a deal signed by the two countries on the sidelines of a visit of an Israeli-US delegation to Rabat, tourism minister Nadia Fettah Alaoui said. The Minister underscored Morocco’s attractiveness to the Moroccan Jewish community in Israel […]
Africa featured prominently in the agreements that were signed during the visit to Rabat of the US-Israeli delegation, as Morocco matches words with action in defending its solidarity-oriented approach towards the continent. The US International Development Finance Corporation signed an agreement with Morocco worth 3 billion to support private investments in the Kingdom and in […]
Container activity of Tangier-Med Port Complex is expected to exceed the threshold of 5.7 million TEUs container on December 31st, a 18 pc increase compared to 2019, a performance never reached by Mediterranean ports. According to Tanger Med Port Authority (TMPA), the level of productivity has also broken records this year. To date, the bar […]
Morocco’s GDP growth is expected to increase to 4.5 percent in 2021 as the effects of the drought and pandemic wane and monetary and fiscal policy remains accommodative, announced on Wednesday the International Monetary Fund. In a press release issued after concluding 2020 Article IV Consultation with Morocco, the IMF Executive Board also said that […]
The European Union announced on Wednesday a €169 million support package for Morocco to enable this country enhance further its medical response to the coronavirus pandemic and put in place measures to mitigate its socio-economic impact. EU Neighborhood commissioner Olivér Várhelyi said : “Today’s disbursement shows that the European Union stands by Morocco in its […]
Morocco and Israel sealed the resumption of bilateral ties with the signing of four agreements covering direct flights, visa waivers for diplomats, investment and financial facilitations and water management. The agreements were signed during a visit by a senior Israeli delegation led by Israel’s National Security Advisor Meir Ben-Shabbat; accompanied by White House Senior Advisor […]
Morocco and the United States signed, on Tuesday in Rabat, two cooperation agreements to promote investments in Morocco and Africa. The agreements were signed during the visit to Rabat of the high-level US-Israeli delegation that was led by Senior Advisor to the US president Jared Kushner and Israel’s National Security Adviser Meir Ben-Shabbat. The first […]
The first 100% Morocco-made smart charging station for electric vehicle dubbed “iSmart” was unveiled, Monday in Rabat, in the presence of the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy. “iSmart”, a new generation of intelligent electric car charging stations for professional and domestic use , was developed at the request […]