First Independent Mena Newspaper
Morocco has distributed cash to a little over 70% of Moroccan households to help them cope with the restrictive measures to curb the coronavirus, finance minister said. Morocco has offered 2000 dirhams from March to June to workers affiliated to the pension fund CNSS and up to 1200 to households, whose main provider is working […]
The German automaker, BMW, said Thursday that it plans to buy cobalt for the production of its electric vehicles from Moroccan mining company Managem Group as part of a five-year contract worth around €100 million ($113 million). The deal follows a memorandum of understanding on the direct purchase of cobalt signed between the two parties […]
Morocco’s investments in its ports and rail infrastructure will help the country become a dominant maritime hub in the region and create a corridor between Europe and West Africa, said the Austrian Institute for European and Security Studies (AIES). In a detailed analysis signed by senior fellow Michaël Tanchum, the AIES sheds lights on Morocco’s […]
The African Development Bank (AfDB) expects a 4 pc GDP growth in Morocco in 2021 after the country’s economic activity was affected like other countries around the world by the Covid-19 pandemic. In its “African Economic Outlook 2020 – Supplement”, the African Bank says Morocco’s budget and current account deficits should improve next year, respectively […]
A Council of Ministers, chaired by King Mohammed VI in Rabat Monday, examined the headlines of the edited draft budget 2020. The new budget was elaborated to help the economy recover from the impact of the coronavirus and the restrictive measures relating to it. It was based on a growth forecast of 5% and a […]
King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan, presided this Monday, July 6, over a council of ministers devoted, among other things, to examining the general orientations of the reviewed budget law for the year 2020, announced a statement, read out by spokesperson for the Royal Palace Abdelhak Lamrini. The Council […]
Morocco was ranked 12 in a list of countries with the most advanced high-speed rail network published by rail website Omio. The ranking analyzed the leading high-speed rail infrastructure worldwide and identified the top 20 countries with the most advanced network. The factors considered included: trains’ operational and record speeds, miles of existing railway, and […]
The outstanding socioeconomic development achieved by Morocco in its southern provinces is visible, tangible and undeniable. This irreversible momentum will not be affected by the orchestrated hostile campaign carried out by Algeria and its polisario puppet. The remarks were made by participants at a meeting held lately via videoconference by “Sahara and Africa Center for […]
Morocco’s flag carrier RAM saw its revenues drop to zero because of a domestic and international flight ban following the coronavirus outbreak leaving the company struggling to pay salaries and expenses. The company has requested state aid and plans layoffs as well as canceling some routes it has opened recently, Moroccan media reported, noting that […]
The World Bank, the second largest international economic institution with the International Monetary Fund (IMF), has officially downgraded Algeria to lower middle-income status, a category of countries where income is considered “lower middle”. This new World Bank ranking is very bad news for Algeria, which is beginning to worry the international community because of its […]