First Independent Mena Newspaper
The merger between Atlanta Assurances and its subsidiary Sanad Assurances took effect Monday as both firms held a joint board meeting. Groupe Holmarcom, owner of the two firms, in a statement said Atlanta will engulf Sanad in a move that will enable the insurance service company to bolster its positioning in the insurance industry in […]
Despite an overall drop in exports up to April by 20%, Morocco’s exports of phosphates in particular maintained same level in the first quarter this year compared with the same period last year signaling the strategic importance of fertilizers to global food security. The state-owned OCP, one of the world’s biggest exporters of phosphates and […]
Morocco’s trade deficit has shrunk by 1.9% to almost 66.25 billion dirhams ($6.9 billion) in the first four months of the current year, according to the Exchange Office. Morocco witnessed a 19.7% drop in exports between January and April of this year, representing a loss of 20 billion DH ($2 billion), according to the Exchange […]
Morocco, which is one of the 15 partner countries from outside the EU of the Coronavirus Global Response campaign launched by the European Commission, has expressed full support for this global action for universal access to affordable coronavirus vaccination, treatment and testing, and made a contribution of €3 million. President of the European Commission Ursula […]
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19. The guidelines highlight the need to act decisively, to restore confidence and, as UNWTO strengthens its partnership with Google, to embrace innovation and the digital transformation of global tourism. The new guidelines, […]
The European Union transferred a grant of €157 million (MAD 1.7 billion) to Morocco on Monday, May 26, to help the country in its response to the COVID-19 pandemic and vowed more grants by the end of 2020 to total €300 million. The amount was injected into Morocco’s Special Fund for the Management and Response […]
After industrial units were allowed to resume their activities on the morrow of Eid Al-Fitre, celebrated in Morocco last Sunday May 24, owners of cafes and restaurants are to resume their activities this Friday, May 29, but only for takeout and delivery, the ministry of Industry and Trade announced Thursday. The managers of cafes and […]
The Japanese House of Councilors on Wednesday adopted the agreement on non-double taxation signed between Morocco and Japan. The agreement was signed in Rabat on January 8 during the fifth session of the Morocco-Japan Joint Commission meeting. It is meant to avoid double taxation and to prevent tax evasion and fraud. It applies to persons […]
The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support program (Parc-19). With a rapid deployment of resources, PARC-19 contributes to bolster the Kingdom’s response efforts to the health, economic and social crisis triggered by the Covid-19 epidemic, the AfDB said in […]
The UN Food & Agriculture Organization has praised the resilience of a watershed management project in Morocco, which illustrates how the reduction of disaster and climate risks faced by communities can reduce poverty while increasing biodiversity. In its report “The State of the World’s Forests 2020”, FAO shed light on this pilot project carried out […]