First Independent Mena Newspaper
King Mohammed VI presided, on Monday at the Royal Palace in Rabat, over a ceremony on an integrated program destined to support and finance enterprises. The ceremony was also marked by the signing of three agreements related to the program. King Mohammed VI is thus following up on the call he launched last October at […]
Trucks loaded with embezzled humanitarian aid that is supposed to benefit Sahraouis held against their will in the Polisario-run Tindouf camps are now stranded on the Algerian Mauritanian borders. In a move to end embezzlement by the Polisario separatists who have been trading in the suffering of the civilian Sahraouis in Tindouf camps for decades, […]
Morocco’s agricultural exports rose by 97% to 57.7 billion dirhams (over 3 million tons) between 2010 and 2019, Morocco’s export agency Foodex said. Agricultural exports represented 21% of overall Moroccan exports in 2018, it said. Separately, head of the government Saad Eddine El Othmani said Morocco is lowering the vulnerability of its economy to rainfall, […]
Moroccan exporters’ Association (ASMEX) has inked lately a cooperation agreement with German ADMINEX group to enhance their presence in international markets. The deal, which was signed in Casablanca by Hassan Sentissi el Idrissi, chairman of ASMEX and Marc Ambrock, ADMINEX representative, gives Moroccan exporters direct access to the German export expertise and high-value international markets […]
Morocco’s Casablanca-Settat region and the International Finance Corporation (IFC) inked on Thursday a $100 million financing agreement for the construction of two new tramway lines in Casablanca and other infrastructure projects. The funding deal was signed by Mustapha Bakkoury, President of the Regional Council of Casablanca-Settat region, Nabil Belabid, Director General of Casa Transports and […]
Morocco sealed contracts worth €400 million with different French arms manufacturers, said French media adding that the deals will be announced during an expected visit of President Emmanuel Macron to Morocco next February. The deals include a contract worth €200 million signed with Nexter to acquire Caesar self-propelled howitzer and related ammunition, latribune.fr said. The […]
The Morocco-United Kingdom business dialogue held Tuesday in London has attracted more than 340 companies from the two countries, which are exploring new cooperation prospects as the UK is on the eve of leaving the European Union by the end of January. The Moroccan delegation, led by Junior Foreign Minister Mohcine Jazouli, presented the main […]
Morocco’s Atlantic coastal city of Agadir welcomed last year more than 1,1 million tourists, including Moroccan nationals, up 6.4 pc from previous year, according to latest figures released by the local tourism center. The number of Moroccan travelers who spent their holidays in Agadir’s hotels, tourism residences and centers rose to 436.794 in 2019, a […]
The UK-Africa Investment Summit hosted by Prime Minister Boris Johnson in London on Monday highlighted by the signing of 27 commercial deals worth over £6.5 billion. The numbers were revealed by the UK’s Department for International Development and the Department for International Trade, which have published a summary of the 27 commercial deals signed […]
Office chérifien des phosphates (OCP), Morocco’s phosphate group, will soon open a fertilizer company in Romania in conjunction with Al Dahra, an Emirati multinational agribusiness group, reports say. OCP and al Dahra will set up South East European Fertilizer Company (SEEFCO) with a capital estimated at $5 billion. The Moroccan government’s approval of the operation, […]