First Independent Mena Newspaper
King Mohammed VI, who was accompanied by Crown Prince Moulay El Hassan, presided this Monday, July 6, over a council of ministers devoted, among other things, to examining the general orientations of the reviewed budget law for the year 2020, announced a statement, read out by spokesperson for the Royal Palace Abdelhak Lamrini. The Council […]
Morocco was ranked 12 in a list of countries with the most advanced high-speed rail network published by rail website Omio. The ranking analyzed the leading high-speed rail infrastructure worldwide and identified the top 20 countries with the most advanced network. The factors considered included: trains’ operational and record speeds, miles of existing railway, and […]
The outstanding socioeconomic development achieved by Morocco in its southern provinces is visible, tangible and undeniable. This irreversible momentum will not be affected by the orchestrated hostile campaign carried out by Algeria and its polisario puppet. The remarks were made by participants at a meeting held lately via videoconference by “Sahara and Africa Center for […]
Morocco’s flag carrier RAM saw its revenues drop to zero because of a domestic and international flight ban following the coronavirus outbreak leaving the company struggling to pay salaries and expenses. The company has requested state aid and plans layoffs as well as canceling some routes it has opened recently, Moroccan media reported, noting that […]
The World Bank, the second largest international economic institution with the International Monetary Fund (IMF), has officially downgraded Algeria to lower middle-income status, a category of countries where income is considered “lower middle”. This new World Bank ranking is very bad news for Algeria, which is beginning to worry the international community because of its […]
The French Development Agency (AFD) will extend the Moroccan National Ports Agency (ANP) a loan worth €100 million loan (MAD 1.1 billion) destined to improve the competitiveness of Moroccan ports. The loan agreement was signed Thursday in Rabat in the presence of French ambassador to Morocco, Helene Le Gal. The two sides, which also signed […]
Tough times ahead for Morocco to cushion the impact of the coronavirus after head of the government Saad Eddine El Othmani asked public administrations to freeze hiring in all sectors next year with the exception of education, health and security. The move will follow a review of the budget law, which shall attach importance to […]
Morocco’s trade deficit shrunk 12% in May as the coronavirus pandemic reduced demand both for imports and exports, the foreign exchange agency said. The 16.9% drop in imports to $17 billion from January to May came as a result of a fall in all imports except cereals, the agency said. Exports however dwindled 20% to […]
The coronavirus has imposed the need for an amendment of the budget law that will gear focus to education, health, social protection and digital transformation. A cabinet meeting was chaired in this respect Wednesday by head of the Government Saad Eddine EL Othmani to discuss the broad line of the new appropriation bill. The restrictive […]
Humania, a private healthcare company, has secured a $108.5 million funding from international financial institutions to launch medical care projects in Morocco and Egypt. The International Finance Corporation (IFC) contributes $45 million to this project, while $ 63.5 million were mobilized from other investors, including $43.5 million from the Danish Investment Fund for Developing countries […]