First Independent Mena Newspaper
The Marrakech airshow has become an annual event to showcase the progress achieved by Morocco’s aeronautical industry which is expected to grow by 20% in the next five years. Speaking to the press at a conference dedicated to the event, held this October 24-27, Minister for Industry, Investment, Trade and the Digital Economy Moulay Hafid […]
The 2019 appropriation bill prepared by the Moroccan government and submitted for the approval of the parliament increases spending on social services, the reduction of social and spatial disparities as well as the promotion of enterprises. To that end, the government planned to spend an additional 7 billion dirhams as the budget dedicated to education […]
Moroccan OCP Group, the world’s largest exporter of phosphates and a leading global phosphate plant nutrition player, and Fertinagro Biotech S.L., a Spanish company which manufactures and supplies a wide range of plant nutrition solutions, have completed the acquisition by OCP, through one of its subsidiaries, of 20% of Fertinagro’s shares by way of a […]
The Moroccan government will support young entrepreneurs by canceling their debts owed to the State provided the overall or the remaining amount is less than $5000. The move was unveiled on Monday by Economy and Finance Minister Mohamed Benchaaboun while presenting the 2019 draft finance bill to the Parliament. It seeks to help young entrepreneurs […]
The French Alten Group, specializing in engineering and technology consulting, inaugurated a center dedicated to automotive engineering in Rabat last week. This new phase of its development in Morocco will include two training programs and professional integration. After the opening of the “Automotive and Aeronautical Embedded Systems” branch in Fez in May 2017, the Alten […]
The European Union has agreed to increase its financial support to Morocco to €140 million, as proposed by Spain. The decision was made during the EU Summit of Heads of State and Government held on Wednesday and Thursday. The EU will contribute at least €140 million from EU funds’ to Morocco for the management of […]
The European Union can solve the problem of migration only in collaboration with Morocco, a country to which the EU grants a tiny part of the aid earmarked for the fight against illegal migration. The statement was made by Spanish Foreign Minister Josep Borrell in a hearing before the Joint Committee of the Congress of […]
The Tunisian government will not impose new taxes on companies and citizens in the 2019 budget, a statement released by the government said. According to the draft budget for 2019 released earlier this week, the government is committed to not burden economic institutions and citizens with new taxes in 2019 due to the “contributions they […]
Abdellatif Jouahri, Governor of Morocco’s Central Bank, Bank Al Maghrib, was distinguished for the second year in a row as one of the best performing heads of central banks in the world by the IMF and the Word Bank Group. Jouahri received an A grade award in Global Finance, awarded at a ceremony on the […]
Morocco has an open economy that qualifies it host the IMF-World Bank Group conference in 2021 said IMF chief Christine Lagarde. Speaking at the IMF-WB joint meetings in Bali, Lagarde lauded Morocco as a country that epitomizes “the convergence of the humanitarian values that unite us all.” She added that Morocco offers an optimal venue […]