First Independent Mena Newspaper
Head of Moroccan Government Saad Eddine El Othmani said Monday in London that “Morocco will work to strengthen ties between Africa and the United Kingdom after Brexit.” El Otmani made the remarks after a meeting with UK peer Boris Johnson on the sidelines of “UK-Africa Investment Summit 2020” organized by the British government to foster […]
There were 564,549 people employed in 2019 in Moroccan public administration, says Human Resources Report 2020 released by the ministry of Economy, Finance & Administrative Reform. In the North African kingdom, 90 pc of public servants are working in six ministerial departments. The ministry of education is the largest employer accounting for 48.6 pc of […]
Morocco’s Tanger Med port handled 4.8 million containers in 2019 posting a 38% increase compared to a year earlier. The port, the first in Africa and the Mediterranean in terms of container capacity, has still room for expansion as its capacity was boosted to 9 million containers with the launch of Tanger Med 2 last […]
Morocco and the World Bank inked a deal under which the North African country shall benefit from a precautionary line of 275 million dollars in the case of natural disasters. The deal was signed in Rabat by Finance Minister Mohammed Benchaaboun and Maghreb director at WB Jesko Hentschel. The World Bank had said in a […]
The pharmaceutical plant, built in Kigali by leading Moroccan drug maker Cooper Pharma, will be operational in July, announced the local representative of Cooper Pharma. In its first phase, the 20,000 M2 facility will produce intravenous (IV) fluid before starting the production of antibiotics. Its construction started in 2017 following the visit paid by King […]
New concrete steps were made this Thursday to materialize the royal vision of a sustainable and integrated development of the rural world, through the launch of hydraulic, hydro-agricultural and drinking water projects in the province of Essaouira. King Mohammed VI, who started Wednesday a visit to Essaouira, has thus chaired the inauguration of the […]
Bank Al-Maghrib, Morocco’s central bank, has become member of the Bank for International Settlements (BIS), the oldest international financial institution, which helps central banks in their pursuit of monetary and financial stability through international cooperation. The decision was made lately by the BIS Board of Directors, which agreed to expand its membership by including the […]
Morocco’s trade minister Moulay Hafid Elalamy said that the Kingdom and Turkey have started negotiations to review some provisions to make their Free Trade Agreement more balanced. He said Morocco loses 2 billion dollars annually in trade with Turkey, adding that the two parties have agreed to reconsider the agreement in order to make it […]
Korean HANDS Corporation, aluminum wheel manufacturer, opened on Tuesday a plant in Tangier, its first production site in Africa, enhancing Morocco’s automotive cluster, which is attracting a growing number of investors in this highly competitive industry. The Korean group has invested over €400 million in its Moroccan factory to create up to 1600 jobs. […]
Moroccan and Jordanian business communities have decided to set up a joint council to boost economic and commercial cooperation between the two countries. The agreement was sealed lately in Amman between Morocco’s Employers Union (CGEM) and Jordanian businessmen Association (JBA), on the sidelines of the Morocco-Jordan Investment Forum. The two sides agreed to exchange data […]