First Independent Mena Newspaper
Fitch Ratings gave Morocco ‘BBB-‘ rating with a stable outlook due to the country’s macroeconomic stability, comfortable external buffers and a low share of foreign-currency debt in public debt. The Moroccan government has prioritized social policies in the 2019 budget, said Fitch in a press release, noting that the country is planning an overhaul of […]
Morocco has launched mobile banking, which will enable customers of banks or financial institutions to make remote financial transactions using a smartphone or tablet. Dubbed m-Wallet (e-wallet), this service, which comes to complete online banking, offers to users the possibility to check balance, send money, pay bills, track expenditures, purchase goods and services using mobile […]
A new step towards the renewal of the Morocco-European Union farm agreement was made with a favorable vote in Strasbourg. The Committee on Agriculture and Rural Development of the European Parliament on Monday voted with a majority of its members for the renewal of the agreement. The vote reflects the position of the majority of […]
Morocco is undertaking negotiations to buy two intelligence, surveillance and reconnaissance Beechcraft King Air 350 in a bid to boost its navy, Maghreb Confidential reported. The completion of the transaction will bring the number of Beechcraft King Air 350 aircrafts operated by Morocco’s Royal Navy to four. The plane is equipped for surveillance, target acquisition […]
New data issued by Which?Travel has listed Morocco in the top ten safest countries worldwide, before France or the United States. The ranking, which assesses crime rates, terrorism threats, risk of natural disasters, and health issues in 20 countries, revealed Morocco as a destination as safe as Australia, Canada and japan and safer than Jordan, […]
The Moroccan government has officially listed La Mamounia five-star hotel among the public companies on sale in 2019. The hotel is majority held by Morocco’s train office ONCF and was along with Tahaddart power Plant included in the list of companies to be sold in 2019. Since it was established in 1923, La Mamounia became […]
Moroccan Attijariwafa Bank group, which is already present in North Africa and West Africa, is planning to set foot in East Africa through new acquisitions to be launched by the end of 2019, announced Youssef Rouissi, the bank’s deputy general manager. Speaking to Reuters on the sidelines of an investment conference in Johannesburg, Rouissi , […]
The African Development Bank Group has approved a €117 million loan to Morocco to enable the North African country to finance a project destined to ensure the sustainability and security of access to drinking water. The project aims to secure access to drinking water in the provinces of Guercif, Zagora, Al Hoceima, Tanger and Beni […]
The African Development Bank granted Morocco a €75 million loan to help expand and develop Rabat airport into a regional hub. The loan will help expand the airport and acquire new equipment that will enable it to meet international standards as it seeks a larger chunk in regional air traffic, AfDB said in a statement. […]
Morocco and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), have agreed to enhance cooperation within the framework of Arab-Africa Trade Bridges (AATB) Program. This regional trade promotion program aims at addressing some of the challenges faced in promoting trade between Africa and the Arab world. The […]