First Independent Mena Newspaper
Morocco’s liaison office in Tel Aviv will soon open following a visit by a junior foreign ministry delegation to the Israeli capital this week after a landmark US-Israel-Morocco deal. Ofir Gendelman, spokesperson for Israeli Prime Minister Benjamin Netanyahu to Arab media, published on his twitter account a photo of the headquarter of the liaison office. […]
Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]
The Bayt Mal Al-Quds Acharif Agency seeks to mobilize over $7 million for the projects it plans to implement in 2021. In its annual report, the Morocco-based Agency, stresses that it has programmed several projects amounting to more than $ 7.412 million and covering the sectors of social assistance (29%); protection of cultural and urban […]
The 7.1 billion dirham ($800 million) investments injected by the National Office for Electricity and Potable Water (ONEE) in 2020 made it possible to improve the electrification rate of the rural world to 99.78 % and the rate of drinking water supply to 97.8%. The investments enabled to ensure a normal and regular supply […]
Commercial flights dropped by 72% in Moroccan airports due to the pandemic with Marrakech airport being the most hit. Morocco’s first tourist hub, Marrakech, saw airport activity shrink 75% in the first 11 months of this year while the second tourist destination, Agadir, saw flights decrease by 71%, the national airport agency ONDA said. Only […]
VM Steel, a Belgian stock-listed exporter of a wide range of steel products has launched, in partnership with Moroccan K-3S & T, a subsidiary, VM Steel Maroc, in Morocco from where it aims to conquer the African continent. The subsidiary is the first international branch of the Belgian steel giant which is thus gaining foothold […]
Moroccan flag-carrier “Royal Air Maroc” (RAM) would start operating direct flights between Casablanca and Tel Aviv on January 16, announced local news website le 360 citing well-informed sources. The 5-hour non-stop service will be running four times per week aboard Dreamliner planes. A roundtrip will cost over 400 Euros. The move comes following Morocco’s decision […]
The Algerian government’s decision to ban imports of new cars has led to vehicle shortage and soaring of prices of used cars in a country that failed to launch its own car industry. In Algiers, one can buy an old car for the price of a new car as the country adopts measures to keep […]
The Chinese group Citic Dicastal, world leader specializing in aluminum casting and in the production of aluminum automotive parts, inaugurated, on Saturday in Kénitra, the second production plant for aluminum rims for a total investment of €350 million. This new plant, whose construction works were launched in November 2019, will double the annual production capacity […]
Poland’s Flyargo Company, which makes ultra-light aircrafts, will set up a plant in the Moroccan Sahara, an attractive region which offers investors huge business opportunities due to its political stability, untapped resources and position as a gateway for Africa. The announcement was made by Flyargo CEO Krzysztof Majkowski following a meeting held lately in Warsaw […]