First Independent Mena Newspaper
Royal Air Maroc (RAM), the kingdom’s national carrier, has emerged as the first airline in the North African region over regional and continent giant EgyptAir. World Airline Awards organized by United Kingdom-based aviation consultancy firm Skytrax named RAM the fourth best airline on the African continent. The continental ranking is dominated by iconic Ethiopian Airlines […]
Morocco and Mauritania are willing to build on the current momentum to further bolster their economic ties, Foreign Ministers of the two countries said. Morocco is determined to work together with Mauritania to foster economic ties to reflect the excellence of bilateral cooperation, Foreign Minister Nasser Bourita said following talks with his Mauritanian peer Ismaël […]
Morocco’s central bank (Bank Al-Maghrib) and Bank of Russia (Central Bank of the Russian Federation) have signed a memorandum of understanding (MoU) aimed at improving and strengthening cooperation between the two Institutions. The agreement covers the exchange of information and expertise in several areas, including developing and implementing monetary policy. It also covers macroprudential policy, […]
Three Egyptian state-controlled banks will launch from next month a $63.5 million (EGP 1 billion) fintech fund to support start-ups in the fintech space and international outfits that want to establish in the Egyptian market, concerned banks have said in a statement. National Bank of Egypt, Banque Misr, and Banque du Caire are behind the […]
The Algerian military regime which has been ruling behind a thin civilian curtain has long used its gas and oil money to buy social peace and quell dissent. But, with the fall in oil prices and the depletion of state coffers, Algerian citizens felt the pain of a dwindling purchasing power which augurs ill for […]
Morocco’s central bank has bought $471 million of excess foreign currency from the local market to absorb excess and ensure the good functioning of the market. The central bank said in a statement that it will maintain hard currency auctions as long as necessary depending on the evolution of the foreign exchange market. In recent […]
Bank of Africa of Moroccan BMCE Group has received a €25 million funding provided by the European Bank for Reconstruction and Development (EBRD), with the support of the Green Climate Fund (GCF) and the European Union (EU) to bolster Morocco’s green economy. The announcement was made Friday by the EBRD which contributed €18.75 million, while […]
The South African Rand Merchant Bank (RMB), in its latest “Where to invest in Africa” report, identifies Morocco as the second country on the continent with best investment-attractiveness thanks to its stability. The author of the report, RMB Africa Economist Daniel Kavishe indicated that Morocco’s economy continues to benefit from political stability. He also highlighted […]
Moroccan trademark Office (Office de la Propriété Industrielle & Commerciale – OMPIC) and the European Patent Office (EPO) have sealed an agreement on the Cooperative Patent Classification (CPC). The agreement, which was signed lately remotely by EPO Chief António Campinos and Head of OMPI Abdelaziz Babqiqi, opens up a new chapter of cooperation between the […]
Morocco will launch public utilities in every region to bring sewage management as well as electricity and water distribution under a single umbrella, local media reported. Under this reform, every region shall have its own utility to manage sewage along with water and electricity distribution as part of a push to promote advanced regionalization, Morocco’s […]