First Independent Mena Newspaper
Morocco’s trade minister Moulay Hafid Elalamy reiterated the need for a review of the trade agreement with Turkey whose imbalances cost Morocco $2 billion annually. Speaking to MPs, Elalamy said that Morocco may scrap the deal if no agreement is reached to redress the dysfunctions. While praising the benefits of the free trade deals signed […]
Morocco’s economy is seen growing to 3.5% in 2020 amid prospects of an average crop year, the high commission for planning said in its recent forecast. Affected by lower cereals production, economic growth shrunk to 2.3% in 2019, the agency said, while calling for gearing investments to productive sectors. A committee is currently holding consultations […]
Morocco will build a second desalination plant in its Saharan city of Laayoune to meet the water needs of the local inhabitants over the ten coming years. The 600 L/s plant will be operation before end of 2021, announced lately Abderrahim Hafidi, Head of Morocco’s state-owned electricity & water facility (ONEEP) during the meeting of […]
Morocco’s national carrier Royal Air Maroc, RAM, will launch Thursday, Jan. 16, its first direct flight from Casablanca to Beijing, China. The route will be served by B787-9 Dreamliner, of 302 seats including 26 in business class. The flight to depart from the Mohammed V airport in Casablanca will take 13 hours to reach the […]
King Mohammed VI chaired the signing ceremony of a deal outlining different measures to guarantee regular water supply in the country over the next eight years for a total cost of 115.4 billion dirhams (€10.8 billion). The King was briefed on this occasion on the salient points of the 2020-2027 National drinking and irrigation water […]
The World Bank expects Morocco’s economic growth to jump from 2.7% in 2019 to 3.5% in 2020, the World Bank said citing Morocco’s reforms to curb fiscal deficit and boost exports. Morocco’s GDP should increase at a slower pace to 3.6 in 2021 and 3.8 in 2022, the World Bank said in its Global Economic […]
French telecom giant Orange this week inaugurated an operational head office in Morocco to transfer operational management of its African and Middle Eastern activities from Paris to Casablanca. The new headquarters is located in Casablanca Finance City Tower (CFC) in the heart of Casablanca. In Africa and the Middle East, Orange is benefiting from strong […]
Moroccan MPs have called for the setting up of a Free Trade Zone (FTZ) in the northern town of Fnideq in a bid to combat the smuggling of goods and end the ordeal of the women who carry heavy packages as they cross the border between the city of Sebta, under Spanish control, and Morocco. […]
Morocco has 18 international airports which welcomed in 2019 over 25 million passengers. They are currently capable of handling 40 million travelers. In order to avoid their congestion due to the growing number of tourists visiting the North African kingdom and continuous opening of routes by the airliners, Morocco’s Airport Authority (ONDA) intends to […]
French carmaker PSA plans to build on the competitiveness of its Morocco plant to achieve leadership in a car segment of cost-efficient cars, head of PSA Maghreb said. “With Peugeot 208 made in Morocco, we aim at being leaders in this segment. Other beautiful surprises will take place in the future,” said PSA Maghreb director […]