First Independent Mena Newspaper
EU countries took 66% of Morocco’s foreign trade with Spain topping the list with $15 bln followed by France with $13 bln, the foreign exchange agency said. Spain and France accounted for 58% of overall trade with the EU as Morocco has been steadily diversifying trade partners over the last few years, the agency said […]
The World Tourism Organization (UNWTO) has teamed up with the European Bank for Reconstruction & Development (EBRD) to help tourism industry recover from the covid-19 impact in several countries, including Morocco. The coronavirus lockdown has affected many sectors of the global economy, with tourism being among the hardest hit as worldwide destinations introduced restrictions on […]
US Boeing Company has said that the 24 AH-64E Apache helicopters, ordered by Morocco, will be delivered to the Royal Air Forces in 2024. “We are proud to provide this best-in-class capability to Morocco”, said on Thursday Jeff Shockey, vice president of Boeing Defense in a press release. In 2019, US State Department approved the […]
The development projects carried out in the Moroccan Sahara are conform to international law and respond to an economic logic that ultimately benefits the local population, said Congolese University Professor Dr Firmin C.Kinzounza, underlining Morocco’s undeniable role in the Sahara as the “first investor, first employer, and first contributor to the region GDP”. The International […]
Investors have shown eagerness to carry out their projects in Morocco despite Covid-19 with 45 projects approved by the government worth $2.4 billion. The sectors of energy infrastructure and telecommunications took 65% of all investment, followed by industry and retail with 16% and tourism with 11%, head of Morocco’s investment promotion agency Hicham Boudraa said. […]
Secretary-general of the United Nations Conference on Trade and Development (UNCTAD), Mukhisa Kituyi, has commended Morocco’s contribution to the development of the African continent and the key role it plays in giving substance to South-South cooperation. During a virtual meeting held Wednesday in Geneva with the Group of the Non-Aligned Movement members, Kituyi praised the […]
Morocco has stood out in Africa as a leader that developed an efficient anti-coronavirus approach while preparing the ground for tapping into the opportunities offered by the pandemic for economic and geo-strategic leadership in the continent, French paper Le Point reported. In an article dubbed “Morocco, a future African champion”, the paper highlights Morocco’s position […]
Morocco has won international acclaim for its multi-pronged response to the coronavirus outbreak, which, besides health protection measures, included social protection initiatives and solidarity both at home and at the African level. However, on the eve of the lockdown easing with the re-opening of several businesses, the Moroccan citizen now should show more discipline in […]
The restrictive measures to slow the outbreak of the coronavirus ensued revenue losses estimated at $600 million for five Moroccan state-owned enterprises. These include flag carrier RAM, which loses up to $100 million per month, national electricity and water utility with $44 million, airports agency with $30 million, rail operator ONCF with $28 million and […]
France will release €350 million loans to Tunisia to deal with the crisis caused by the coronavirus, French President Emmanuel Macron announced on Monday in Paris. “France continues to provide all its support to Tunisia, especially in the health sector through the training of health workers, the modernization of infrastructures, such as the construction of […]