First Independent Mena Newspaper
Tanger Med was ranked as the first container port in Africa and the 45th in the world in a survey by World Top Container Ports. With a capacity of 3 million containers, the Moroccan port has handled 3,312,409 containers in 2017 that is 11% over its capacity, the Port authority said in a statement. This […]
U.S. authorities announced Tuesday that Morocco has agreed to allow commercial imports of U.S. poultry meat and products into the country for the first time. The announcement was made U.S. Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue. “The Trump Administration continues to prioritize the opening of new markets for U.S. agricultural […]
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
The European Bank for Reconstruction and Development (EBRD) has announced a €205 million loan to Egypt to help the transports authority rehabilitate Cairo Metro, the major means of public transport in the Egyptian capital. The funds will finance urgent works on Line 1 – the oldest of the Cairo underground lines – which remains the […]
Soluna Technologies, Ltd. has unveiled plans to build its own wind farm power plant in Southern Morocco in one of the world’s windiest regions and combine it with the company’s private computing facilities to help power the blockchain in a more eco-friendly and sustainable way. The New York-based computing company, backed by Brookstone Partners, will […]
Morocco is on its way to become the world’s third largest producer of aluminum wheels as it continues to attract investments by world automotive industry giants. On July 26, China’s Citic Dicastal signed a deal with the Moroccan government to build two plants for auto wheel production in Morocco with an investment of €350 million […]
French dairy company Danone announced that sales will grow by 3.3% this year despite a consumer boycott has slashed the company’s profits in Morocco. The company was able to offset setbacks in Morocco and Brazil as sales were mainly driven by Chinese consumers who snapped up more infant formula while dairy sales picked up in […]
Morocco enjoys political stability and has a forward-looking economic strategy that enabled it to emerge as a regional manufacturing and export base for international companies, said the US State Department in new report on the climate of investment across the globe. “Morocco enjoys political stability, robust infrastructure, and a strategic location, which are helping it […]
Morocco and the European Union (EU) initialed this Tuesday (July 24) in Rabat a new fisheries agreement marking the end of three months of negotiations. The four-year agreement will enter into force after ratification by the European and Moroccan parliaments. Through this new fisheries agreement, the European Union has just confirmed that partnership with Morocco […]
Moroccan companies have been thriving in West Africa where the country geared diplomatic and economic effort, wrote the Economist in an article examining Morocco’s charm offensive with its southern neighbors. The article considers that Morocco’s dynamic private sector and leadership are looking at Sub-Saharan Africa as a land of opportunity compared to the immobilism plaguing […]