First Independent Mena Newspaper
Morocco’s economy is shaking off Covid-19 impact with a rebound in economic activity that is expected to push growth to 6.2%, Morocco’s central bank said, confirming the positive outlook for the country’s economy drawn by the IMF. The Central bank had previously forecast the economy to grow by 5.8% after it contracted 6.3% last year […]
Credit fundamentals of major Moroccan banks are recovering slowly from the negative impacts generated by the covid-19 pandemic, says Fitch Ratings. The global health crisis caused a 6.3 pc Moroccan GDP contraction in 2020, the worst contraction in 25 years. “The banks’ asset quality and profitability weakened noticeably in 2020. Nonetheless, their credit profiles were […]
The 1st International conference on the medical & industrial potential of cannabis will be held Oct.22-24 in Tangier, Northern Morocco, with the participation of several leading foreign & Moroccan scientists, researchers as well as representatives of pharmaceutical companies. The conference will look into the use of cannabis for medical purposes and the potential of cannabis […]
As Algeria sinks into an unprecedented economic and social crisis, Algeria’s president indulges himself and his military rulers with his diatribes against Morocco, Israel and France in a warmongering rhetoric that is reflective of a regime in disarray, verging on insanity. Tebboune spoke to local journalists representing two mouthpieces of the regime about everything except […]
The newly appointed head of the government Aziz Akhannouch kicked off his mission by chairing the first ministerial council followed by a presentation of a government program before members of the parliament with strong social and economic commitment. Akhannouch was designated head of the government after his party came first in Sept.8 elections. He built […]
Morocco’s flag carrier Royal Air Maroc (RAM) and Israeli carrier El Al have recently signed a Memorandum of Understanding (MoU) to govern their ties in order to offer “the best services to customers.” The agreement was signed by the two carriers’ CEOs Hamid Addou and Avigal Soreq, on the sidelines of the 77th Annual General […]
Morocco is committed to fostering its sovereignty in relation to health, energy, industry and food in the wake of the Covid-19 pandemic, King Mohammed VI said. In a speech marking the opening of the parliament Friday after the September 8 elections, the King lauded Morocco’s management of the health crisis, saying that the Kingdom managed […]
King Mohammed VI highlighted the resilience shown by the Moroccan economy in a troubled region, amid a difficult global context marked by the pandemic’s repercussions. The pandemic had an unprecedented impact on the Moroccan economy but thanks to measures spurred by the King, the economy is on track to recovery. “The growth rate is expected […]
Tunisia’s President Kais Saied Thursday laid into international rating agencies for using “biased criteria” in evaluating the country’s abilities to attract investments. This came during a meeting with the President of financial market council (CMF) Salah Sayel, a day after the country’s central bank (BCT) sounded the alarm over the waning of foreign reserves, the […]
The U.S. Agency for International Development (USAID) has launched a three-year program aimed at recording and sharing hundreds of stories that capture the Kingdom’s rich multicultural history. This $3 million program, called the Religious and Ethnic Minorities Activity (REMA), will involve multiple communities in five cities, namely Fes, Azrou, Marrakech, Essaouira, and Tangier. “Religious tolerance […]