First Independent Mena Newspaper
“Le Piston Français” Group, a major player in aeronautical supply chain, has reinforced its presence in Morocco with the opening on Wednesday of a second plant in Casablanca industrial zone. The French company has invested over €6 million in the new production site built over a 4000 m2. It will employ 100 engineers, specialized technicians, […]
The European Commission and the High Representative on Tuesday adopted a joint communication proposing an ambitious and innovative new Agenda for the Mediterranean, meant to relaunch and strengthen the strategic partnership between the European Union and its Southern Neighborhood partners. The new Agenda is based on the conviction that by working together and in a […]
The US Department of Commerce announced Tuesday Feb.9 its final determination that phosphate fertilizer imports from Morocco are unfairly subsidized and decided to impose countervailing duties of 19.97 percent on US imports of Moroccan phosphate fertilizers. The OCP Group said in a press release that it acknowledges Tuesday’s final decision from the US Department of […]
Mauritania’s customs have released five vessels belonging to Ocean Fresh Food AS, a Norwegian company which has accepted to pay €2.6 million in fine, Le360.ma reports. Ocean Fresh Food AS according to its lawyer, Brahim ould Ebetty, has agreed to pay the penalty in a move to settle the lawsuit launched against it by the […]
Morocco’s energy and mining ministry gave a permit for London-listed Emmerson PLC to start building its 100% owned mine in Khemisset which will be Africa’s largest potash mine. The license provides the Company with the exclusive right to develop and mine the potash deposit in the Khemisset basin ahead of the anticipated initiation of construction […]
Morocco made “good choices” in terms of monetary and fiscal policy in the face of the Covid-19 pandemic, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, who highlighted the very strong partnership between the international financial institution and the Kingdom. “We have had a very strong partnership with Morocco for years now. […]
The Moroccan Justice Ministry has bought overvalued furniture and office equipment an audit by the Finance Ministry showed. The audit repot published by Moroccan media Rue 20 showed that the expensive procurements occurred during the administrations of Islamist Mustapha Ramid and his successors Mohamed Aoujar of the RNI and current USFP minister Mohammed Ben Abdelkader. […]
Morocco’s trade deficit shrunk 23.1% as the pandemic lowered both imports and exports with tourism being the worst hit sector. Tourism revenues dropped 53.8% to 36.3 billion dirhams from 70.7 billion dirhams in 2019 when Morocco received 13 million people. Imports bill dropped 14% thanks in particular to lower energy imports and fewer equipment imports […]
The shipping company Morocco Cruise Line (MCL) will launch a new maritime line for passengers and goods which will link the port of the Granada town of Motril with that of Tangier Med in Morocco, announced the company, which said it has already completed the relevant procedures, reports atalayar.com The company also announced on […]
The European Bank for Reconstruction and Development (EBRD) is providing a €300 million financing package to Société Tunisienne de l’Electricité et du Gaz (STEG) to support the stability of Tunisia’s energy sector during the coronavirus pandemic in the medium term. This program will allow Tunisia’s state-owned national electricity and gas utility company to implement an […]