First Independent Mena Newspaper
The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]
The EU and Morocco have agreed on new terms of a fisheries agreement covering the Sahara. Morocco described the deal as a recognition of its sovereignty of its southern provinces and its quality as “the only interlocutor in negotiating international agreements covering the Sahara.” From the start of negotiations in Rabat, Moroccan officials made it […]
The European Union and Morocco have reached an agreement on new fisheries deal after five rounds of constructive talks held in Rabat and Brussels. The new agreement, which includes the Moroccan Sahara contrary to the plots hatched by the enemies of Morocco’s territorial integrity, replaces the one that expired on July 14 forcing the European […]
Cars dominated Morocco’s exports in the first six months of 2018 with 35.973 billion Dirhams, as the country continues to attract automotive investments. Home to investments by French giants such as Renault and Peugeot, Morocco unseated South Africa as the largest car producer in the continent. Car exports, a valuable source of foreign currency for […]
Lufthansa announced that it will launch two weekly flights linking Munich and Frankfort to Agadir starting from autumn 2018. The flights will be available every Monday and Saturday from Frankfort and on Sundays in Munich, the company said on its website. The air route will be operated by A320 aircrafts with a tariff starting with […]
The Euro Repar Car Service, which specializes in car’s servicing, maintenance and MOT tests, has opened its first site in Morocco wherein automotive industry is thriving. Euro Repar Car Service is part of the strategic plans of French Group PSA and Sopriam to offer customers best aftersales services and boost spare parts sales in Morocco. […]
Industrial companies created after June 2017 will be exempted from paying the corporation tax, authorities said. A decree was published in the official gazette stating that industrial enterprises will not have to pay the tax for five years after their creation as the government seeks to encourage industrial investments. The tax exemption is targeting enterprises […]
State-owned company Tunisie Telecom (TT) will benefit from British Vodafone operational and strategic support under a three-year partnership sealed by the two sides. Under the non-equity agreement, signed last week, Vodafone will provide support in a range of areas, including enterprise, consumer, technology, and procurement. The partnership will include roaming and carrier services agreements and […]
Morocco’s biggest lender, Attijariwafa Bank, won two prizes at the Euromoney Awards for Excellence 2018. The bank was ranked best in Morocco and topped the list of banks in Africa for SMEs, Euromoney magazine said. Euromoney’s Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. […]
The delay in the renewal of the EU-Morocco fisheries agreement has prompted fishing ships from EU countries to leave Moroccan ports and territorial waters. After several weeks of talks between Rabat and Brussels without reaching a new deal, Europeans vessels mostly from Spain and Portugal started leaving Moroccan ports and waters on the eve of […]