First Independent Mena Newspaper
Morocco ranked second in the Arab world in terms of credit portfolio granted by microcredit associations by the end of 2020, according to the Arab Monetary Fund (AMF). The outstanding total of these credits amounted to $760 million at the end of the past year, the AMF said in its annual report on financial stability […]
A law governing the setting up of a military industry in Morocco has entered into force after it was published in the official gazette as the Kingdom plans to cut imports by locally manufacturing defense equipment. The law lays down requirements for licenses for the setting up of plants to manufacture weapons, ammunition, and military […]
Etisalat, the UAE’s biggest telecoms operator, increased its ownership in Etisalat Investment North Africa to 100 per cent by acquiring the Abu Dhabi Fund for Development’s 8.7 per cent stake in EINA, Etisalat said in a regulatory filing on Tuesday. The deal increases Etisalat Group’s effective ownership in Maroc Telecom Group to 53 per […]
At the invitation of China, Morocco is participating, as guest of honor, in the fifth China-Arab States Expo, which will be held from Aug. 19 to 22 in Yinchuan, the regional capital of Ningxia Hui Autonomous Region in northwest China. Morocco, as the guest of honor, will organize several events to showcase its culture and […]
Morocco plans to add 3 Canadair CL 515 water bombing aircrafts to its firefighting fleet which counts so far five operational planes, Moroccan military news group FAR Maroc said. Morocco is the only country in Africa which operates five Canadair aircrafts which have been currently deployed to extinguish fires in northern Morocco The new Canadair-CL […]
The Al-Quds hospital of specialities was inaugurated, on Monday in the Gaza Strip, after it was rebuilt and equipped thanks to Moroccan funding. The opening ceremony of the hospital, which was destroyed during the Israeli aggression against the Gaza Strip in 2008, was attended by the head of the Moroccan representative office in Ramallah, Mohamed […]
The Polish newspaper “innpoland” has praised the business climate in Morocco and the investment opportunities offered by the Kingdom. The paper, which published Friday an article on the Kingdom’s economic assets, stressed that “if the word Morocco evokes beautiful landscapes, excellent cuisine and other things that together make it an ideal destination for tourists (…) […]
American company PPG has opened lately in Tangier, northern Morocco, its first automotive sealants production facility in Africa. The new facility confirms Morocco’s attractiveness to foreign investors and global automotive players. “This facility is an important step in providing local supply for automotive original equipment (OEM) vehicle manufacturers in Morocco,” said Roald Johannsen, PPG vice […]
The Moroccan government has laid out the priorities for the upcoming fiscal year predicting the economy to grow 3.2%. In a document outlining the breadlines of the upcoming budget, the government stressed the need to continue the large-scale reforms launched by Morocco in the wake of the pandemic, notably social reforms, public sector institutions upgrade […]
Morocco has received a first shipment of 600,000 jabs developed by Pfizer-BioNTech as it plans to expand inoculation to people aged 12, health ministry sources said. The new shipment is part of an order of about 2 million jabs of the powerful vaccine which should help safeguard gains made by Morocco’s vaccination campaign. Morocco also […]