First Independent Mena Newspaper
Head of the Moroccan government said it was too early for accurate figures on the repercussions of the coronavirus on the Moroccan economy noting that a review of the appropriation bill is not possible in the absence of precise indicators. The IMF however has said the Moroccan GDP will contract by 3.7% while the high […]
The Moroccan construction industry and its workforce have launched an urgent appeal to the Government for help after suffering a major loss with the collapse of their activity due to the Coronavirus lockdown. Following a sharp drop in turnover by up to 75 pc, the National Federation of Builders and Public Works (FNBTP) sent a […]
Morocco’s leading telecom operator said it will donate its first quarter profit amounting to 1.5 billion dirhams (150 million US dollars) to the special fund created to mitigate the social and economic consequences of Covid-19. The government has pledged 10 billion dirhams to the fund which included a fine of 3.3 billion dirhams that Maroc […]
Since its independence, Morocco attached utmost importance to meeting its foodstuff needs from domestic production encouraging agriculture and agri-food industries, with the country now largely producing most of the food needs of its 37 million population at a time the global foodstuff supply chain is undergoing disruptions due to the coronavirus outbreak and shortage of […]
French carmaker Renault said it will gradually reopen its production plants in Tangier and Casablanca amid strict protective measures against the coronavirus pandemic. Renault has closed the two plants last month amid a global shutdown due to the consequences of the coronavirus, which disrupted supply of vehicle parts and demand for cars. The carmaker said […]
Despite the measures imposed to slow the spread of the coronavirus, the Moroccan agricultural sector is faring well with an abundant supply of the domestic market and exports of fruits and vegetables up 3% to 876,000 tons by mid-April compared with a year earlier, the agriculture ministry said. The increasing demand in Europe due to […]
In these times of coronavirus, Moroccan searchers, scientists and engineers have joined efforts to help their country mitigate the impact of the pandemic and since the outbreak of the pandemic, several scientists and operators in the Moroccan industrial fabric have swiftly adapted to create and manufacture anti-coronavirus equipment and protective gear. On Wednesday, MAP reported […]
The Moroccan government has asked all ministerial departments to prepare a list of spending cuts that will target non-essential activities in first austerity measures to deal with the economic impact of the novel coronavirus. The disruptions in the national economy due to Coronavirus notably the suspension of tourism activity, fewer remittances of Moroccan expatriates, and […]
The US State Department has approved a possible Foreign Military Sale to the Government of Morocco of ten AGM-84L Harpoon Block II Air Launched missiles and related equipment for an estimated cost of $62 million. The announcement was made by the Defense Security Cooperation Agency, which said it delivered the required certification notifying Congress of […]
The International Monetary Fund on Monday announced a plan to provide immediate debt relief to 25 member countries, including 19 African states to allow them to focus more on the coronavirus pandemic. According to the IMF Managing Director Kristalina Georgieva, the Washington-based institution approved the first batch of countries to receive grants, under its Catastrophe […]