First Independent Mena Newspaper
Morocco’s economic growth is expected to pick up to 4.6% in 2021 after a 7% loss in 2020 due to the coronavirus pandemic which hit both exports and local market, the Moroccan high commission for planning, HCP, said. Citing a severe drought and the coronavirus pandemic impact, the HCP said that the economy is expected […]
Morocco and the US discussed prospects for cooperation in the field of defense industries as Rabat ambitions to develop domestic military industries. This came during the 11th session of the Morocco-US Defense Consultative Committee (DCC) held this week in Rabat under the co-chairmanship of minister delegate in charge of defense Abdellatif Loudiyi and US Defense […]
Spanish InCom company, a multinational group dedicated to the engineering, design and manufacture of composite kits for the wind blade industry, has taken a new step in its international expansion with the opening of its first factory on the African continent, more precisely in the Northern Moroccan city of Tangier. The plant, which started […]
Major Polish companies operating in various economic sectors have decided to invest in Morocco, particularly in the Southern Provinces. During a working session Wednesday in Warsaw with Morocco’s Ambassador to Poland, Abderrahim Atmoun, several Polish stakeholders expressed their wish to visit Morocco’s Southern Provinces and materialize their decision to invest in the region. In a […]
Morocco’s carrier Royal Air Maroc (RAM) announced this Wednesday the launch, starting February 12, of a new direct air route between Paris and Dakhla. This new air route will connect, for the first time, the European continent to the city of Dakhla, in less than 04h30, RAM said in a press releasen adding this link […]
The United Nations support mission in Libya (UNSMIL) welcomed the meeting that took place on Tuesday, January 12, in Brega, the Libyan eastern port city, between the finance ministers of the two rival parties. An agreement for a unified budget for 2021 was reached at this meeting. A joint financial commission composed of experts from […]
Japanese Corporations Yazaki, which makes car components, and Sumitomo Electric Industries will set up four plants in Morocco for a $103 million investment. These plants will create 8300 jobs and support Morocco’s car industry. The two Japanese groups signed on Tuesday separate agreements with Moroccan authorities in a ceremony chaired by Minister of Industry and […]
Morocco’s Lesieur Cristal, a company that produces cooking oil and soap, took control of Avril’s activity in Africa, following a merger-acquisition, by which the Moroccan company bought Senegal’s Oleosen. In addition to Oleosen, which produces cooking oil, the Moroccan group took control of Cristal Tunisia which besides table oil also makes soap. Lesieur Cristal has […]
The US International Development Finance Corporation (DFC) will open a branch in the city of Dakhla which will serve as a platform for all its operations towards the African continent. This initiative confirms Dakhla’s vocation as a link between North Africa and Sub-Saharan Africa and a major economic hub, as planned in the development model […]
Morocco is witnessing abundant and more evenly distributed rainfall this year auguring well for the agricultural season after years of draught that affected output especially in the southern region. Dams especially in drought hit areas such as Souss are being filled and five of the biggest dams in the country have already hit their maximum […]