First Independent Mena Newspaper
Morocco’s Royal Air Maroc, which has been hit hard by the coronavirus pandemic, will receive 6 billion dirhams (623 million dollars) from the government as part of a bailout plan. Speaking to members of the Upper House, Finance Minister Mohamed Benchaaboun said that the aid is part of state assistance to public enterprises in disarray […]
The Moroccan government has underlined the progress made towards achieving the 17 Sustainable Development Goals (SDGs), a roadmap set by the international community for building a better and more sustainable future for all by 2030. Rabat has pledged to achieve the SDGs, which aim to end poverty, protect the planet, create job opportunity for youth, […]
Morocco has taken one step ahead to lay the legal foundation for the launch of its domestic military industry after the latest Council of Ministers, chaired by King Mohammed VI, approved a draft decree to that end. The decree enables licenses for the setting up of plants to manufacture weapons, ammunition, and military and security […]
The African Development Bank said the Algerian economy is the third worst hit in Africa at a time the country faces a multipronged political, economic and social crisis worsened by lack of political reforms. The bank said the contraction of the Algerian GDP by at least 6.4% this year was due to its heavy dependence […]
Royal advisor and founding president of the Essaouira-Mogador Association, André Azoulay, presented Saturday in Dar Souiri the tourism roadmap of the Atlantic city of Essaouira for the summer season and beyond. Tomorrow’s tourism will be that of culture, ecology and well-being, he said, in the presence of minister of Tourism Nadia Fettah Alaoui and tourist […]
Morocco has distributed cash to a little over 70% of Moroccan households to help them cope with the restrictive measures to curb the coronavirus, finance minister said. Morocco has offered 2000 dirhams from March to June to workers affiliated to the pension fund CNSS and up to 1200 to households, whose main provider is working […]
The German automaker, BMW, said Thursday that it plans to buy cobalt for the production of its electric vehicles from Moroccan mining company Managem Group as part of a five-year contract worth around €100 million ($113 million). The deal follows a memorandum of understanding on the direct purchase of cobalt signed between the two parties […]
Morocco’s investments in its ports and rail infrastructure will help the country become a dominant maritime hub in the region and create a corridor between Europe and West Africa, said the Austrian Institute for European and Security Studies (AIES). In a detailed analysis signed by senior fellow Michaël Tanchum, the AIES sheds lights on Morocco’s […]
The African Development Bank (AfDB) expects a 4 pc GDP growth in Morocco in 2021 after the country’s economic activity was affected like other countries around the world by the Covid-19 pandemic. In its “African Economic Outlook 2020 – Supplement”, the African Bank says Morocco’s budget and current account deficits should improve next year, respectively […]
A Council of Ministers, chaired by King Mohammed VI in Rabat Monday, examined the headlines of the edited draft budget 2020. The new budget was elaborated to help the economy recover from the impact of the coronavirus and the restrictive measures relating to it. It was based on a growth forecast of 5% and a […]