First Independent Mena Newspaper
Morocco stands out in the field of country branding, topping the Africa ranking of the “Country Brand Awards” for the “Overall Category”, according to the organizers of this award, which covers several areas including the attraction of foreign investment, tourism promotion, and doing business. This year, the organizers added a new category, namely the management […]
New York-based credit rating agency, Moody’s, Tuesday downgraded Tunisia’s long-term foreign-currency and local-currency issuer ratings to B3 from B2 with negative outlook. “Moody’s has also downgraded the Central Bank of Tunisia’s senior unsecured rating to B3 from B2 and the senior unsecured shelf rating to (P)B3 from (P)B2, and maintained the negative outlook. The […]
The Moroccan government is expected to pass a draft law legalizing the use of cannabis for medical purposes, ending decades of debates over the substance. The law will enter into force after approval of the parliament and after it is published in the official bulletin. The same draft law provides for the setting up of […]
Morocco launched 52 investment projects worth 1.1 billion dollars with a capacity to employ up to 12.583 people in a bid to narrow its budget deficit. The projects are designed to cover goods that Morocco imports and will cut by 820 million dollars Moroccan imports. Part of its industrial acceleration plan, the new projects will […]
Morocco has been removed from the EU’s tax haven grey list after it took a series of measures and enacted new laws aiming to ensure greater transparency. The most recent reforms undertaken by Morocco to comply to EU fiscal standards was that of the tax system pertaining to financial hub, Casablanca Finance City. Morocco has […]
The Mohammed VI Polytechnic University (UM6P) has inaugurated African SuperComputing Center (ASCC), a cutting-edge platform to accelerate and improve research in the kingdom and on the continent. ASCC, the largest Supercomputing Infrastructure in Africa, will provide High-performance Computing (HPC) services. Based on the latest technologies in the HPC world, ASCC can deliver a performance of […]
World football governing body’s head Gianni Infantino unveiled Wednesday in Mauritania the first overseas branch of AB Sport, a Moroccan firm producing sport kits. Infantino, reports say, was joined at the ceremony by Ahmed Ould Yahya, the President of the Mauritanian football federation (FFRIM) and Mohamed Bessam El Aqil, CEO of the Moroccan company. The […]
Remittances from Moroccans living abroad rose 5% to stand at 68 billion dirhams (7.5 billion dollars) despite the pandemic, but finance minister said only 10% of these transfers were invested. Most of the investments of Moroccans abroad went to real estate, finance minister Mohamed Benchaaboun told Moroccan employers association (CGEM). A part from 15% that […]
The International Finance Corporation has pledged to help Moroccan women reach more leadership positions in the business world under an agreement inked Friday in Casablanca with Club des Femmes Administrateurs (CFA). IFC will train members of CFA on a range of topics relating to corporate governance, as well as conduct outreach activities to strengthen the […]
A Council of Ministers that was held in Fez Thursday under the chairmanship of King Mohammed VI approved the draft framework law on social protection for all. The draft law was approved as part of the implementation of the King’s guidelines, as expounded in the Throne Day speech in July, and in the speech […]