First Independent Mena Newspaper
The European Commission adopted Friday new cooperation programs worth €389 million in support of Morocco’s inclusive development, fight against illicit migration and human trafficking. The programs include €289 million destined to back up the reforms engaged in the North African Kingdom and its sustained inclusive development, while €101.7 million will support Morocco’s efforts to combat […]
The 14th France-Morocco High Level Meeting started proceedings Thursday in Paris, under the co-chairmanship of Head of Government, Saad Dine El Otmani, and French Prime Minister, Edouard Philippe. The meeting is intended to take stock of the multidimensional relations between the two countries that cover a wide range of areas, including politics, economy, culture, security […]
The African Development Bank approved on Wednesday a $204 million loan to Morocco to help the North African country upgrade social and medical services provided to disabled persons, poor women and children. The funding will finance the building of two hospitals in the southern cities of Guelmim and Ouarzazate, set up 144 units for special […]
Morocco took over the rotating chairmanship of the Union of Economic & Social Councils & Similar Institutions of Africa during the Union’s General Assembly convened Wednesday in Rabat. Ahmed Reda Chami, President of the Moroccan Economic, Social and Environmental Council (CESE) won the majority of votes and will thus chair the African body for the […]
More and more middle class Moroccans apply for Schengen visas mostly to spend their holidays in the EU much to the benefit of Schengen countries consulates in the north African country that amassed $44 million (420 million dirhams) in 2018. Total money spent on failed visa applications stood at 77 million dirhams as Schengen countries […]
Relations between China and Arab countries have been fostered after the launch of the Belt and Road initiative paving the way for more Chinese investments in the region. The remark was made by Chinese and Arab diplomats and officials attending the 8th Conference on Arab-Chinese Relations and Dialogue between Arab and Chinese Civilizations for the […]
Morocco’s economic growth is expected to fall to 2.6% in 2019 after lower rainfall affected crops, the central bank said, noting that growth would increase to 3.5% in 2020. The central bank, known as Bank Al Maghrib, kept its benchmark interest rate unchanged at 2.25% while promising to carry out action to promote entrepreneurship. Holding […]
American company Spirit Aerosystems, which has purchased the bombardier plant in Casablanca, is expanding its Moroccan factory from 10,000 m² to 25,000 m² and increasing its workforce from 350 to 850 employees. The announcement was made Monday following a meeting held in Rabat between minister of industry & trade Moulay Hafid Elalamy, and senior leaders […]
Morocco has made significant strides in strengthening the resilience of its economy in recent years, says the International monetary Fund after completing lately its second review under the Precautionary and Liquidity Line (PLL) arrangement sealed with the North African Kingdom. The two-year arrangement supports the efforts made by Morocco to promote higher and more inclusive […]
National Bank of Oman, NBO, will cease operations in Egypt early next year at the decision of the board of directors. The NBO, registered on the Muscat Securities Market (MSM), has received approval to wrap up activities in Egypt, Mubasher reports. The outlet, citing bourse sources, notes that the closure will take place in Q1 […]