First Independent Mena Newspaper
Some 150 French business leaders flocked to Laayoune to take part in the third Morocco-France Business Forum opened Saturday in the Sahara major city, with the aim to create an efficient, dynamic and content-rich meeting space between Moroccan and French economic operators. Several French participants vowed from the start to further develop their investments in […]
The number of tourists visiting Morocco between January and August 2018 increased 8% to 8.7 million compared with the same period last year. International tourist arrivals rose 14% while Moroccans living abroad visiting their homeland rose 2%, the tourism ministry said in its latest statistics. Arrivals from main tourist emitting markets showed a 14% increase […]
Morocco has moved up 9 spots in the Doing Business 2019 report, to rank 60th in the world ranking, 2nd in the MENA region and 1st in the Maghreb. The annual report published by the World Bank indicated that the Kingdom has bettered its performance when it comes to doing business. The report, made public […]
King Mohammed VI said Morocco is looking forward to further foster ties with Brazil after the election of Jair Bolsonaro as new President. in a congratulatory message to the new President, the King highlighted the friendly ties of mutual esteem binding Morocco and Brazil, and underscored willingness to work together with Bolsonaro to reinforce the […]
Indonesia and Morocco agreed to start negotiating a preferential trade agreement (PTA) in November to increase trade volume, the Jakarta Post reported. The agreement was reached at the second Indonesia-Morocco Joint Commission Session in Jakarta last Friday. The two countries’ delegations were led by Indonesian Deputy Foreign Minister AM Fachir and Mounia Boucetta, the secretary […]
The International Finance Corporation (IFC) has sealed an agreement with Atlantic Microfinance for Africa (AMIFA), a subsidiary of the Moroccan Banque Centrale Populaire (BCP) Group, for developing new products and services to boost financial inclusion in Sub-Saharan Africa. The agreement will enable AMIFA to strengthen the development capacity of its microfinance program in Sub-Saharan Africa […]
King Mohammed VI who is following up with keen interest the evolution of the booming automotive industry in Morocco was briefed Thursday on the extension project of the Moroccan Society of Automotive Construction (SOMACA), which is planning to double its production capacity by 2022. The plan was unveiled by Minister of Industry, Investment, Trade and […]
The region of Laayoune-Sakia El Hamra in Morocco’s Sahara will receive 17.8 billion dirhams in public investments in 2018, out of a total 57.65 billion dirhams allocated at the national level. The Sahara region ranks first among the other 11 Moroccan regions with 30% of overall investment budget in 2018. After Laayoune, comes the […]
German Group thyssenkrupp Aerospace will open a processing and logistics center in Casablanca before the end of the year, confirming the momentum of Morocco’s aerospace industry which continues to attract foreign investors. Mr. Patrick Marous, CEO thyssenkrupp Aerospace, said the Casablanca site will enable thyssenkrupp to supply its local customers with the required materials and […]
Morocco’s exports to Spain increased by 6.7% in the first seven months of 2018 compared with the same period last year, the EU statistics office said. Morocco’s imports from Spain grew by 7.8% while its imports from the EU followed a similar rising trend at 7.1 percent, the source said. Morocco’s exports to Spain consisted […]