First Independent Mena Newspaper
The Moroccan Royal Navy is in talks with Turkish shipbuilder Ares Shipyard to buy 15 vessels including 10 ARES 35 FPBs and 5 ARES 80 SATs to bolster the kingdom’s coast guard’s fight against illegal migration. The talks, according to Tactical Report, are ongoing but the media did not reveal the value of the deal […]
The US senate has subjected military aid to Tunisia to the return of democratic values after President Kais Saied has suspended the parliament and seized the executive power since July 25. The Senate Appropriations Committee explained, in a bill, that granting credit to Tunisia would be subject to several conditions. According to the proposed law, […]
Morocco’s government has unveiled the headlines of its budget draft bill forecasting a budget deficit of 5.9% of GDP and a growth rate of 3.2%. Speaking to the press following a government council, finance minister Nadia Fettah Alaoui and minister in charge of the budget reiterated the commitment of the government to foster the social […]
The overall achievements of the electronic banking activity in Morocco reached 325.9 million transactions that totaled 275 billion dirhams in the first nine months of 2021, according to the Interbank Electronic Banking Center (CMI). This activity, which includes cash withdrawal operations on the ATM network, payment operations in shops and online, payment operations on ATMs […]
Morocco’s 2022 draft budget plans measures to bolster economic recovery, generalize social safety nets, and promote employment in addition to continuing the overhaul of the health and education sectors, a statement of the Royal Palace said. The statement was issued after a Council of Ministers, held Sunday under the chairmanship of King Mohammed VI and […]
The success story of Tanger Med, considered today as the first port infrastructure in the Mediterranean and Africa, was highlighted at the annual meetings of the World Bank and the International Monetary Fund held in Washington. Speaking at a panel focused on the “contribution of trade in the post-Covid recovery”, Director General of the Tanger-Med […]
The “Laayouneconnect” marketing platform, an initiative funded by the US government, was launched Wednesday in Laayoune with a view to boosting investment and territorial marketing in the Laayoune-Sakia El Hamra region. The launch of this platform is part of the project “Promoting economic opportunities in Dakhla and Laâyoune”, funded by the US government through the […]
Morocco has imposed itself as a competitive hub for the automotive industry which has bounced back from the Covid-19 export crisis, the Financial Times reported. The country has stood as Africa’s largest car manufacturer and exporter since 2018, thanks to a state strategy that paved the way for investments and prepared skilled labor, the newspaper […]
A freight ship loaded with Moroccan fruits & vegetables has arrived at the UK Port of Poole, in Dorset, coming from Tangier-Med port, in a new sea route launched to enhance trade exchanges & economic cooperation with Morocco after UK left the EU. The direct service, operated by United Seaways, aims at avoiding post-Brexit disruptions […]
The International Monetary Fund (IMF) has reviewed upwards its economic forecasts for Morocco saying the Kingdom’s growth is expected to reach 5.7 % in 2021, which is the best performance in the Middle East & North Africa Region. The IMF new outlook takes into account several factors including the resilience of Moroccan economy and the […]