First Independent Mena Newspaper
In implementation of Royal instructions, the government is preparing a reform of state-owned enterprises with a view to improving good governance, economic and social efficiency and reduce dependence on state budget, Finance Minister Mohamed Benchaaboun said. The development of these enterprises is hindered by several issues, notably low returns and dependence on state budget, which […]
Two Moroccan businesswomen have been named in the Forbes Middle- East magazine list 2020 of leading “Women Behind Middle Eastern Brands”. The two Moroccans are Salwa Idrissi Akhannouch, owner of the Yan & One cosmetics brand, 6th on the list and Mouna Abbassy, founder of the IZIL Beauty brand, who came in the 22nd place. […]
The National Office of Electricity and Drinking Water (ONEE) has selected UK company Biwater to design and construct a new wastewater treatment plant in the southern coastal town of Tarfaya. Biwater has carried similar projects in other Moroccan cities, including Tamuda Bay, Khenifra, Aourir and Boukhalef. The new project “is part of the country’s efforts […]
The economy of the occupied enclave of Ceuta contracted 40% after Morocco closed its borders, said right-wing governor Juan Vivas. The governor, known for hostile stands against Morocco, called on the EU to adopt reciprocal stands against the North African Kingdom. Morocco has closed its borders with Spain to avert a surge in coronavirus especially […]
Fewer job opportunities meant that many people had to seek jobs at Morocco’s large informal economy leaving many young people in vulnerable conditions, the central bank said in its annual report. The coronavirus pandemic has revealed the scale of the underground economy, which showed that 5 million households, representing more than half the Moroccan population, […]
King Mohammed VI said Morocco will inject 120 billion dirhams (12.8 billion dollars) as a post-coronavirus crisis stimulus package to offer incentives and come up with solidarity measures to support businesses, especially small and medium-sized enterprises. The package represents 11% of Morocco’s GDP, “a proportion that will place Morocco at the forefront of the most […]
King Mohammed VI of Morocco urged the government to step up reforms to foster social and territorial justice with a particular focus on expanding social welfare protection to cover all Moroccans. “I call on the Government and on economic and social actors to be effectively engaged in this endeavor, and to show a sense of […]
King Mohammed VI decided to create an ad hoc committee to investigate dysfunctions relating to a probe by the competition council, a statement of the Royal Office said. The Competition Council, which has been entrusted with ruling on the alleged uncompetitive practices used by fuel distributors, is thus removed from the case. The ad-hoc committee […]
French dairy Lactalis Corporation has threatened to end operating in Algeria as it fusses about obstruction of its activities in the North African country by a group of workers who have closed the factory over what the firm calls “personal interests”. The small group of workers has unlawfully seized the factory and prevented other colleagues […]
Morocco’s phosphates producer OCP group said it will challenge a petition filed by its competitor Mosaic aiming to impose anti-subsidy duties on OCP’s fertilizers exports. OCP has said in a statement that since receiving this petition, it has cooperated with the American authorities, who are evaluating whether the petition warrants investigation, and will challenge the […]