First Independent Mena Newspaper
Attack helicopters have for long been a black hole in the Moroccan army but now no more as Morocco seeks to bolster capacity with mighty US and Turkish helicopters. Reports pointed that Morocco is negotiating a deal with Turkey to buy 22 T129 ATAK helicopters worth 1.3 billion dollars. The deal would add to an […]
The African Development Bank, through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The guarantee will cover an array of trade finance instruments, including confirmed letters […]
Europa Oil & Gas, the UK, Ireland and Morocco focused oil and gas exploration, development and production company, announced this Tuesday Aug.3 the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Offshore Permit, offshore Morocco in the Agadir Basin, awarded to the Company in 2019. Simon Oddie, CEO of Europa […]
“The absence of a constitutional court in Tunisia increases the risk of a prolonged political crisis, Moody’s Investors Service deemed in an issuer comment at the end of July, reports TAP news agency. This will further slow reform implementation upon which hinge disbursements under the umbrella of an envisioned new IMF loan agreement, according to […]
UK company Biwater has been picked up by Moroccan authorities to design and construct a new wastewater treatment facility for Moulay Bousselham, a fishing village and tourist destination positioned on the north coast of Morocco’s extensive coastline. The new wastewater facility will provide pre-treatment, biological treatment and advanced tertiary treatment, including closed low pressure ultraviolet […]
Morocco’s order of an additional 25 F-16C/D Block 72 fighter jets is on course of completion after the U.S. Air Force has awarded Raytheon Technologies a $212.05 million delivery order to provide fighter aircraft engines. In March 2019, the State Department approved the sale to Morocco of 25 F-16C/D Block 72 jets, built by Lockheed […]
Morocco aims at becoming the most competitive automobile industry by 2025, Moulay Hafid Elalamy minister of Industry, Commerce and the Green and Digital Economy has announced in the wake of a new strategic agreement with French automaker Renault. The kingdom of Morocco and the French giant in the African country adopted a new strategic roadmap […]
By taking a series of economic and social reforms, Morocco is best equipped to transform the crisis propelled by the COVID-19 pandemic into an opportunity, governor of Morocco’s central bank Abdellatif Jouahri said. King Mohammed VI has ordered a set of reforms that helped mitigate the impact of the crisis, said Jouahri in a […]
King Mohammed VI has praised the achievements accomplished by the North African country in the global race to secure early vaccines against covid-19 and ensure successful roll-out of the national vaccination campaign against the pandemic. In his nationwide speech made Saturday on the occasion of the Throne Day, the Monarch said: “We have every […]
As Morocco is celebrating this Friday Throne Day, Moroccans of all walks of life look back with pride at the outstanding social, economic and political achievements accomplished thanks to the far-sighted leadership of King Mohammed VI since his enthronement on July 30, 1999. The Kingdom’s future is now blazing bright. Its extraordinary rise is attracting […]