First Independent Mena Newspaper
Morocco has received €1.3 billion in German financial support which evidences the close cooperation ties between the two countries, Morocco’s foreign ministry said in a statement. The statement came after phone talks between Morocco’s foreign minister and German minister of economic cooperation and Development Gerd Muller. Out of that total of 1.387 billion euros, Germany […]
Morocco has called on the European Union to support the Mohammed VI Fund for Investment, set up to help bolster the economy, stimulate productive activities and prop up major public-private investment projects in various sectors in the post-covid era. The call was made by economy minister Mohamed Benchaaboun during a meeting held Tuesday with […]
Morocco has finished 70% of the development projects under the development model for the Sahara which notably includes a highway, a port, renewable energies, water desalination and phosphates production plants, head of the Moroccan government said. The 700 projects under this model amounted to 85 billion dirhams ($9.3 billion) instead of the $7 billion forecasted […]
Morocco and Russia have signed a new fisheries cooperation agreement, which replaces the 2016 deal that expired in March 2020. The new 4-year agreement is the 8th to be signed by Morocco and Russia since 1992. It establishes the legal framework allowing a fleet of 10 Russian vessels to fish for small pelagic species in […]
The Moroccan Govt. Council adopted on Thursday a bill paving the way for the setting up of the “Mohammed VI Fund for Investment” called for by the Sovereign in his latest Throne Day Speech to mitigate the economic and social impacts of Covid-19. The bill sets the major goals for addressing the challenges Morocco is […]
Morocco’s fertilizer giant, OCP Group, has rejected the US Trade Department’s decision to impose 23.64 per cent of preliminary countervailing duties on fertilizer products exports to the US after Florida-based Mosaic Company attacked the Moroccan company, Le360.ma reports. OCP Group and Mosaic have been locked up in a trade dispute since July after the US […]
A new study conducted by a network of NGOs, including the Global Tax Justice Alliance, revealed that Tax evasion costs Africa more than $25 billion a year. As African countries are grappling with the Covid-19 pandemic, tax evasion is considered “unacceptable”, as it reduces revenues that could be spent on citizens’ health. Twenty-three billion dollars […]
Moroccan businessmen will have a preferential treatment to obtain Mauritanian visa, as Mauritania looks to closer economic ties with its northern neighbor Morocco. The Moroccan employers’ federation (CGEM) announced the news saying that its members can submit their membership document to get visa facilities. The news comes as Morocco and Mauritania brace for a new […]
The Japanese Government and the UN Development Program (UNDP) are backing a project to combat online radicalization of youth in Morocco. The one-year-long project, launched Thursday in Rabat, by the Rabita Mohammadia of Ulema, is meant to counter hate speech and raise awareness among young people to the contingency dangers of the Internet and […]
Casablanca Finance City (CFC) and Belgian Finance Center (BFC) have signed a partnership deal, laying the foundations for a lasting cooperation in promoting investment opportunities between Belgium, Morocco and Africa. The partnership will provide a platform for exchange, encouragement of best practices, and knowledge sharing in the fields of SME financing and corporate governance, the […]