First Independent Mena Newspaper
Morocco has reinforced further its airspace defense with the acquisition of Thales Ground Master 400 radar, offering the Royal Armed forces tactical advantage as the mobile radar system can easily deploy and detect all types of aerial threats. The delivery of the long-range radar was made end July 2021 under a contract signed in […]
Attijariwafa bank, one of Morocco’s leading banking institutions, has expanded its “Dar Al Moukawil” network with the inauguration of its 16th center in the city of Laâyoune, on the occasion of the 46th anniversary of the Green March. The institution is thereby strengthening its support for small businesses and project leaders in the Moroccan […]
The forecasts of the investment program of the Moroccan National Railways Office (ONCF) for the period 2022-2024 amount to more than 7.72 billion DH, according to the report on public establishments and enterprises supplemented to the 2022 draft finance bill. This program, spread over 2022 with 2.9 billion dirhams, 2023 with 2.22 billion dirhams and […]
Israeli defense company Rafael is reportedly seeking to supply Morocco with its “Iron Dome” missile-defense system which is capable of intercepting rockets, mortars, artillery shells, aircraft, helicopters and UAVs, according to Moroccan news website Le Desk.ma. The Israeli system would enable the Royal Armed Forces to add another defense layer for the protection of the […]
OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund, has invested $10 million in equity in CIM Santé Group, a leading Moroccan private healthcare group. Through this investment, OP Finnfund Global Impact Fund I aims to foster the development of Morocco’s healthcare sector, accessibility to quality care, and support gender […]
King Mohammed VI has made it clear that Morocco shall not have any economic or commercial transaction in which the Moroccan Sahara is not included with the sides that have ambiguous or ambivalent attitudes on the Kingdom’s territorial integrity. “I wish to tell those with ambiguous or ambivalent attitudes, that Morocco will not have […]
The European Bank for Reconstruction and Development expects Morocco’s economy to rebound by 5 per cent in 2021, before moderating to a growth of 3.2 pc in 2022. In its latest Regional Economic Prospects report released Thursday, the Bank says the success of Morocco’s vaccination campaign will lead to faster reopening of the economy, despite […]
Following reactions of several Members of the European Parliament regarding Algeria’s unilateral decision not to renew the agreement to supply Europe with gas via the Maghreb-Europe Gas pipeline, the European Parliament has officially referred the issue to the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell. MEP and former President of the […]
Morocco has revised upwards its ambitions for renewable energies. The target, set for 2030, will be reached five years earlier, in 2025. The transition to a green economy is firmly underway. “This is undoubtedly one of the most important announcements made by the new Moroccan government,” commented La Vie Éco weekly magazine, deploring that this […]
Low-cost airline company Ryanair has accused Portuguese authorities of “unlawfully” blocking three new routes to Morocco causing the cancellation of flights for over 3,000 Portuguese passengers on Oct.31. “This is a clear breach of the EU Open Skies Agreement in place with Morocco”, said Ryanair in a press release, noting that the company has operated […]