First Independent Mena Newspaper
Morocco has earmarked 320 million dollars (3 bln dirhams) to address water shortage in drought-hit areas of Souss, Moulouya, Oum Errabia and Tensift, Water and Equipment Minister Nizar Baraka said. Speaking to MPs, the minister said Morocco has 148 large dams and 135 small ones that are not enough so far to cover the increasing […]
Morocco has approved a package of 2 billion dirhams ($220 million) to help the tourism sector manage the fallout of the pandemic, the tourism ministry said. The emergency aid was approved in a meeting attended by the head of the government, tourism minister, and finance minister. The package aims to mitigate the impact of a […]
Former Head of Spanish News Agency EFE, Luis María Anson, has voiced concern over Washington’s growing preference of Morocco over Spain, saying such a tendency will weaken Madrid’s regional and international influence. The U.S. administration is suspicious of the Spanish government’s rapprochement with the communist party, but also of Pedro Sánchez’s open or undeclared ties […]
Morocco has granted four exploration licenses for gold mines to the Canadian company Stellar AfricaGold Inc. part of its plans to upgrade the exploitation of its natural resources. The Canadian exploration company, which explores precious metals, has announced it secured the four new exploration permits to expand operations in Tichka, at approximately 80 kilometers south-southwest […]
Morocco has introduced incentives and removed legal barriers to encourage foreign companies to invest in its health sector and attract foreign doctors to fill in shortages, health minister Khaled Ait Taleb said. In an interview with Reuters, Health Minister Khaled Ait Taleb said the health system will have to deal with an increase in demand […]
Tanger Med port in northern Morocco handled 7.17 million containers, up 24% compared to last year, maintaining its position as the biggest port in the Mediterranean region and Africa. “This traffic results from the steady ramp-up of Tanger Med 2 port after the successive commissioning of the terminals TC4 in 2019 and TC3 in 2021,” […]
The Moroccan economy is expected to grow by 3.2 percent in 2022 against 5.3 pc growth recorded the previous year, says the World Bank in its latest Global Economic Prospects report. Morocco’s output is expected to slow this year from the previous year’s rebound as the Kingdom’s agricultural performance returns to historical averages after the […]
Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey. Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, […]
From now on people in Algeria will have to show their ID to be allowed to buy cooking oil! This is not a joke! Algeria has officially banned people under 18 years old from buying cooking oil in a bid to manage an acute shortage of essential commodities. The decision was announced by the trade […]
Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]