First Independent Mena Newspaper
Chad’s President Mahamat Idriss Déby has vowed to curtail the gold smuggling business depriving his country weekly of around $91 million in the advantage of Libya. The head of the Chadian Transitional Military Council who took over from his father General Idriss Deby killed in April last year, told State radio that the shady business […]
Morocco’s central bank will hold its second meeting this year on June 21 to take key monetary policy decisions with analysts predicting the bank to increase key borrowing rates to mitigate the impact of imported inflation. Morocco has maintained the key interest rate at an all-time low of 1.5% since June 2020 to spur the […]
The US groups, Danforth Investors Global Special Projects and SEC Newgate US, have signed memorandums of understanding with the Council of the Dakhla Oued Eddahab region on the promotion of American and international investment in this region of the Kingdom. These agreements were initialed Monday in New York by the President of the Council of […]
The high-level meeting of the Committee of Fifteen Ministers of Finance of the African Union (F15) opened Monday in Rabat on the theme “Beyond COVID-19 pandemic and Russia-Ukraine Conflict: Enhancing the Resilience of African Economies and Financial Sustainability of the African Union”. The participants in this event, co-organized by the ministry of Economy and Finance […]
New York has hosted on Friday the Morocco-US investment summit. The event featured several sectoral panels that discussed investment opportunities in Morocco, with focus on the Kingdom’s southern provinces, especially in the financial and infrastructure sectors. The investment meeting, organized by the Regional Council of Dakhla Oued Eddahab in partnership with the Moroccan Ministry of […]
The global semiconductor leader, STMicroelectronics, inaugurated earlier this week its new electronic component production line in Bouskoura, with an investment of 2.4 billion dirhams ($244 million). In a global context marked by the shortage of electronic components for electric cars, STMicroelectronics inaugurated its new production line for advanced electronic components at its Bouskoura site. The […]
The UAE-based freight and logistics chain, Emirates Logistics, inaugurated, in the Tangier Automotive City free zone, a new logistics center. The opening ceremony of the center, which offers just-in-time logistics services on finished products, raw materials and spare parts for industrial companies, was attended by the UAE Minister of Economy, Abdullah Bin Touq Al Marri, […]
The UAE sees room for increasing trade with Morocco to 7 billion dollars and stepping up investments in innovation and sustainability, Emirati Economy Minister Abdulla Bin Touq Al Marri said. Speaking to Reuters following the signing of a memorandum of understanding (MoU) for the reactivation of the Moroccan-Emirati business council, Al Marri said trade has […]
Moroccan Minister of Economy and Finance, Nadia Fettah Alaoui, met, Wednesday in Rabat, with a delegation of the International Monetary Fund (IMF) led by the Fund’s Deputy Managing Director, Antoinette Monsio Sayeh. The meeting was an opportunity for Fettah Alaoui to exchange views with the IMF official on the national and international economic situation and […]
Morocco’s economic growth is expected to slow to 1.1% in 2022 due to a sharp drop in agricultural production but national GDP will increase 4.3% in 2023, the World Bank said. Morocco’s economy grew 7.8% last year as the economy continued to recover from the Covid-19 impact amid an exceptional agricultural output making up for […]