First Independent Mena Newspaper
The Moroccan government has approved a measure to extend stipend in aid to workers in the tourism industry who have been idled due to the restrictive measures taken by the government to contain Covid-19 outbreak. Morocco has closed its borders to all passenger traffic amid the surge of the new Omicron variant. The decision took […]
Tunisia is facing the real risk of defaulting on its external debt which has reached 100% of GDP compared to 35% in 2010. The credit crisis adds to Tunisia’s woes of political and social instability as the country struggles to redress an economy hit by Covid-19 and a drop in tourist arrivals on the back […]
A memorandum of understanding to facilitate the access of small and medium-sized enterprises (SMEs) to the capital market was signed on Wednesday in Casablanca. The MoU between the Casablanca Stock Exchange, the Moroccan Capital Market Authority (AMMC), the Professional Association of Brokerage Companies (APSB) and Maroclear aims to facilitate SMEs’ access to financing at the […]
Leading companies in Egypt are facing serious shortage of skills in the recruitment process, US-based online Nexford University has revealed in a report, Zawya reports. A survey conducted by the Washington institution that defines itself as a breeder of “leaders not followers”, shows that 78 percent of companies, including PWC, Pfizer and the National Bank […]
The UK and Morocco took concrete measure to foster their economic and security cooperation ties during their third strategic dialogue, a milestone in ties that have been established 800 years ago. At the end of the strategic dialogue in London co-chaired by foreign ministers of the two countries Nasser Bourita and his UK peer Liz […]
Indian Samta energy group announced on Tuesday that it plans to invest more than $100 million in Morocco over the coming five years. “We are committed to investing more than $100 million over the next five years in the development of mining and mineral processing activities in Morocco,” said the Indian group in a statement. […]
The European Bank for Reconstruction and Development (EBRD) announced Tuesday the allocation of €49 million in form of credit facility to finance water projects in favor of 6,800 farmers. The loan is intended for the modernization of water infrastructure and the development of a strategy in this area in oases in the south of the […]
The first “V4 + Morocco” ministerial meeting of the Visegrád Group was held Tuesday in Budapest to discuss ways of fostering cooperation ties between Morocco and this intergovernmental organization gathering Hungary, Poland, Czechia and Slovakia. Foreign Minister Nasser Bourita is leading a Moroccan delegation to this meeting which aims to develop further relations between participating […]
Russian Foreign Minister Sergey Lavrov will start on Dec.12 a regional trip that will take him to North Africa and the Middle East region, reported on Tuesday several Russian news outlets. “In a few days, Sergey Lavrov will travel to the Middle East and North Africa. On Sunday, he will depart for Israel, Palestine, Algeria […]
The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]