First Independent Mena Newspaper
The advent of the coronavirus pandemic has exposed European manufacturers to the risk of over-reliance on China’s supply where many firms were tempted by low production costs and skills. Morocco Stands to benefit from this restructuring, building on its competitive assets, infrastructure, competitive wages and skilled workforce, the Oxford Business Group and a DW report […]
A new high-tech textile industrial unit in Casablanca will start operations shortly, under an agreement signed this week by Minister of Industry and Trade, Moulay Hafid Elalamy, and the managing director of Omega Textile Maroc, Song Linghui. The unit, requiring an investment of 80 million dirhams, will manufacture hosiery, socks and lingerie by using new […]
The coronavirus outbreak has caused a surge in spending and a drop in revenues for state coffers pushing the government to review the targets and spending schemes under the 2020 budget while maintaining priority for social spending. The administration has adopted austerity measures to reduce unnecessary spending saving some $200 million that was scheduled for […]
The Moroccan government’s response to the coronavirus outbreak was “swift and decisive,” the World Bank said in its Economic Monitor report for July 2020. “The government’s proactive response enabled the country to avoid a massive outbreak, thus saving lives,” said the Washington-based institution, noting that continued good policy measures are “critical” both to shorten and […]
Tunisia has been chosen to host the 8th Tokyo International Conference on African Development, TICAD, scheduled for 2022, Japan’s embassy to Tunisia announced on Thursday. “Initiated by Japan’s government since 1993, this international conference aims to speed up political dialogues between African leaders and development partners on challenges facing the Continent. It is a multi-lateral […]
The Ministry of Tourism has elaborated a new roadmap covering the 2020-2022 period to promote the sector, which took the brunt of the crisis entailed by the COVID-19 pandemic. The roadmap, presented by Tourism Minister Nadia Fettah Alaoui, during the government Council meeting held on Thursday, aims at laying the foundations for a sustainable transformation […]
The agility of the Moroccan private sector in adapting its production chain to respond to the Covid-19 pandemic was highlighted in a recent report by the Oxford Business Group, which stressed Morocco’s “significant strides” in diversifying and strengthening its economy and industry. The London-based institute commends Morocco for its early and swift response and for […]
Head of the Moroccan government Saad Eddine El Otmani asked cabinet members and senior officials to stay in Morocco during the summer holidays and rest of 2020. A notice was issued in this regard with the goal of encouraging state officials to spend their holidays in Morocco to boost domestic tourism hit hard by the […]
The observer status granted to Morocco within the Andean Community at the 20th meeting of the Andean Presidential Council held recently in the Colombian capital Bogotá, will contribute to strengthen relations as well as cooperation between the two parties in all areas, particularly the economic sector, according to the secretary general of this regional grouping, […]
The competition council called for putting an end to monopolies that created an oligopolistic situation in Morocco, citing the sectors of fuel distribution, banks, insurance companies and cement producers. In its annual report for 2019, the first since the council’s reactivation the same year, the council recommended for the new development model to break up […]