First Independent Mena Newspaper
Heads of state of 17 countries in the Sahel region will hold a summit meeting next week in Niamey to approve a climate investment plan worth $400 billion. The 12-year plan will cover the 2018 to 2030 period. It is expected to involve 17 nations from the Atlantic Ocean to the Horn of Africa and […]
Corteva Agriscience, Agriculture Division of DowDuPont, has decided to install its North-West & West Central Africa regional headquarters in Casablanca, Morocco. The Casablanca office will act as Corteva Agriscience’s business center for customers, partners and consumers in its main regional markets in Africa, bringing farmers the right mix of seeds, crop protection and digital solutions […]
Morocco and Ethiopia are examining the means to bolster bilateral trade and investments through establishing joint-ventures and win-win partnerships. This came at a meeting between head of the Moroccan exporters associations, Hassan Sentissi El Idrissi, and Ethiopian ambassador in Rabat Yeshi Tamirat. The two men discussed ways to develop economic relations, with emphasis on the […]
The Central Bank of Tunisia (BCT) explained the raising of its key interest rate by “past and recent wage increases that are likely to maintain a price-wage spiral.” This spiral is very detrimental to the economy and accentuates macro-economic imbalances because of the impact on the consumption of imported products, the BCT said, according to […]
Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]
President Donald Trump on Friday signed into law the 2019 appropriation legislation that stipulates explicitly that the assistance funds allocated to Morocco will also benefit the Sahara. Morocco welcomed the text, which recognizes Morocco’s sovereignty over its Sahara southern provinces, as it is unequivocally pro-Morocco and unusually forthcoming on US development funds for the Sahara. […]
The Middle East & North Africa Business Aviation Association (MEBAA) will organize in Marrakech Sept.25-26 its business aviation show 2019. More than 3,000 VIPs visitors from around the world are expected in the event wherein over 100 world class exhibitors will unveil their latest innovations and services. The holding of this show in Morocco confirms […]
Le Piston, a French company manufacturing airplane and helicopter parts, will set up its second plant in Morocco for a total investment of €5 million, Moroccan media said. The plant will be built in Casablanca over 4000 square meters and will produce parts that range up to 1.20 meters, Le Piston President said. The new […]
Morocco’s improving economic performance in 2019 and 2020 will provide a solid structure to motivate both businesses and consumers to purchase new vehicles, says Fitch Solutions Foundation. “We believe that Morocco’s expansionary fiscal policy will further support the demand for vehicles”, adds the Fitch Think-Thank, noting that the availability of locally produced vehicles, such as […]
Casablanca Finance City (CFC) and Abu Dhabi Global Market have agreed to enhance cooperation and jointly promote the development of financial services in Morocco and the United Arab Emirates. The agreement was inked by Saïd Ibrahimi, CEO of the CFC Authority and his emirati peer Dhaher Bin Dhaher Al Mheiri. The two sides pledge to […]