First Independent Mena Newspaper
Morocco’s competitiveness in agricultural exports have irked the Eurasian Economic Union whose members are pressuring Russia to halt importing tomatoes from the North African country. The Eurasian union of tomato exporters complains of what it deems as unfair competition from Moroccan counterparts whose produce is better and cheaper despite the distance. Fruit and vegetable associations […]
The coronavirus pandemic hit the income of many Moroccans with 1.05 million people expected to fall into poverty, the high commission for planning said. Poverty may grow in Morocco to 6.6% of the population this year, said a report co-drafted by the high commission for planning, the World Bank and the UN. Morocco has undertaken […]
Morocco will have to act quickly to respond to the scale of changes in the lives of individuals and in several sectors of its economy, particularly that of the informal sector, recommends a report released Monday August 17. COVID-19 presents a systemic risk creating vulnerabilities, widening inequalities and hindering the achievement of the Sustainable Development […]
The European Bank for Reconstruction and Development (EBRD) is supporting small businesses in Morocco to withstand the coronavirus pandemic impact with a €40 million loan, approximately 430 million dirham, to CaixaBank’s Morocco branch. The EBRD loan will help CaixaBank to increase much-needed funding for local small and medium-sized enterprises (SMEs) to address companies’ needs. In […]
Qatar’s national carrier, Qatar Airways, has signed an $8-million sponsorship deal with Tunisia’s top tier football league team Club Africain – first such deal by the Gulf airline. The four-year deal will enable the trade brand of the Gulf airline feature on the various sport kits of the Tunisian club. Established in 1920, Club Africain […]
Voices are rising in Morocco for a new donation campaign for the anti-coronavirus fund, which now has 9 billion dirhams ($975 mln). The fund was spurred by King Mohammed VI when the virus first outbroke in Morocco and gathered some 33.7 billion dirhams ($3.7 bln) thanks to generous donations from Moroccan enterprises and individuals. The […]
Morocco’s automotive industry is the most attractive market in the MENA region for production opportunities, said Fitch Solutions Foundation in its latest report. “Morocco is the top ranked MENA market in our Autos Production Risk/Reward Index, thanks to a robust outlook for production growth, low labor costs and positive industry policy”, added the Fitch think-thank, […]
The outbreak of the coronavirus has crippled the global supply chain for the automotive sector which, coupled with a demand crisis, has triggered a lethargy in the car industry fabric globally with Morocco being no exception. Morocco has made the automotive sector a pillar of its industrial strategy attracting large-scale investments by world giants such […]
The embezzlement of humanitarian aid is endemic among the corrupt Polisario and Algerian officials, despite international outcry by the EU and humanitarian NGOS. This time, aid worth $12 million was derailed to enrich merciless separatist officials in the Polisario-run Tindouf camps. The aid was offered in April and May by the EU, Canada, Switzerland, Italy, […]
The $4.8 billion strategic investment fund, set up part of a stimulus package of 120 billion dirhams ($12.8 bln) to help the economy recover from the coronavirus impact, will give priority to productive activities and back up the financing of major investment projects, said, on Tuesday in Rabat, Minister of Economy & finance Mohamed Benchaâboun. […]