First Independent Mena Newspaper
UK-based Helispeed company, specializing in pilot supply services, training and aircraft management, has sealed a 12-month deal with Moroccan-based Heliconia Aero Solutions to provide it with qualified helicopter pilots. These pilots will enable Heliconia Aero Solutions offer its customers, associated organizations and individuals safe, reliable and effective helicopter solutions. The Marrakesh-headquartered aviation firm utilizes its […]
North Africa boasts the world’s richest phosphate reserves, most of which is located in Morocco but Algerian and Tunisian soil have significant untapped potential. Algeria has long dreamt to develop phosphates-related industries through the setting up of fertilizers plants in Annaba and developing the eastern phosphate cluster in the Tebassa region. However due to multiple […]
Morocco is set to create 12 special economic zones in its 12 regions offering tax incentives and other advantages to attract foreign industrial investors. The special zones are also meant to boost exports and curb imports in order to ease the country’s trade deficit. The decision was made in 2016 in a business charter that […]
Mckinsey said that agriculture stands as a promising sector for Morocco in order to bridge the gap in its trade deficit with China. The US consulting firm said in a report on Chinese-African economic ties that out of the 2 billion dollars of Morocco’s agricultural exports in 2017, only 0.2% was sold to China. The […]
Morocco’s state-owned RAM airline said it transported 7.5 million people in 2018 generating revenues of 16 billion dirhams. CEO of the company Abdelhamid Addou told MPs that the company has an unlocked potential as it aspires to double in the upcoming decade its fleet made up currently of 61 planes. Currently RAM operates 100 air […]
Spain has maintained its position as Morocco’s first trading partner in the first quarter of 2019, both in terms of exports and imports, according to latest data released by Eurostat, the statistical office of the European Union. Spanish exports to Morocco reached €2,091 million at the end of March, a decrease of 1.28 pc compared […]
The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report, noting that commodity dependence affects developing countries almost exclusively. According to the State of Commodity Dependence Report 2019 released last week, dependence on commodities affects 85% of least developed countries, 81% of landlocked developing […]
Morocco is moving forward posting results that have surpassed the set goals for the aviation industry 2020 plan. With 140 enterprises in 2019, the sector grew from 3 enterprises 20 years ago and is now generating revenue of 17 billion dirhams. French Safran for example intended to open a plant employing 400 people but now […]
A regional conference on the promotion of oases in North Africa and Mauritania held in Tozeur, Tunisia, last week underlined that $24 million funding was needed to preserve the green areas in the region desert. Participants in the conference, recognizing oases as a historical, cultural, environmental, civilizational, national and international heritage that must be preserved, […]
The Moroccan government adopted a draft decree that will give the status of free zone to the Mohammed VI Tanger Tech city. The new free zone stretches over a surface area of 467 hectares and is intended to be a new industrial hub offering propitious conditions for the development of industries pertaining to the automotive, […]