First Independent Mena Newspaper
The European Union and dozens of donor nations have pledged a total of $7.7 billion to help tackle the humanitarian crisis deepening in Syria and neighboring countries hosting millions of Syrian refugees as the coronavirus pandemic and economic crises compound the misery of nearly a decade of civil war. EU Crisis Management Commissioner Janez Lenarcic […]
The Moroccan businesses interested in adopting green technologies will benefit from a €21.1 million funding, part of a program sponsored by the European Bank for Reconstruction & Development (EBRD). The financial support will help the beneficiaries reduce their costs by implementing climate adaptation measures, energy-efficient and renewable-energy technologies, which will improve their overall competitiveness, says […]
Some 2.5 million handicraftsmen and their dependents will finally have access to social protection after the government approved a law to enlist them in the private sector pension fund CNSS. The new law was presented by tourism and handicrafts minister Nadia Fettah Alaoui to MPs as part of a reform that aims to fill a […]
The UK-based Sound Energy Company has announced advanced talks with unnamed Moroccan partner for the purchase of LNG to be produced from Tendrara concession, onshore Morocco. Under an agreement sealed lately by the two sides, Sound Energy pledges to produce and sell to the “Partner”, for ten years, 100 million standard cubic meters of gas […]
Morocco’s phosphate group OCP has shown resilience and agility amid the coronavirus crisis and is forging ahead to bolster its leadership position in the African fertilizers market. The group maintains its fertilizers factories in Ghana, Nigeria and Ethiopia unchanged and expects to switch them on by 2024, the OCP told Reuters. Nigeria plant in particular […]
The new economic zone whose works were launched a few weeks ago in Fnideq has officially come into being after its legal status was recently published in the Official Gazette. Under the decree, the public company managing the activity of the nearby Tangier Med Port, Tanger Med Special Agency (TMSA), has received government approval to […]
EU countries took 66% of Morocco’s foreign trade with Spain topping the list with $15 bln followed by France with $13 bln, the foreign exchange agency said. Spain and France accounted for 58% of overall trade with the EU as Morocco has been steadily diversifying trade partners over the last few years, the agency said […]
The World Tourism Organization (UNWTO) has teamed up with the European Bank for Reconstruction & Development (EBRD) to help tourism industry recover from the covid-19 impact in several countries, including Morocco. The coronavirus lockdown has affected many sectors of the global economy, with tourism being among the hardest hit as worldwide destinations introduced restrictions on […]
US Boeing Company has said that the 24 AH-64E Apache helicopters, ordered by Morocco, will be delivered to the Royal Air Forces in 2024. “We are proud to provide this best-in-class capability to Morocco”, said on Thursday Jeff Shockey, vice president of Boeing Defense in a press release. In 2019, US State Department approved the […]
The development projects carried out in the Moroccan Sahara are conform to international law and respond to an economic logic that ultimately benefits the local population, said Congolese University Professor Dr Firmin C.Kinzounza, underlining Morocco’s undeniable role in the Sahara as the “first investor, first employer, and first contributor to the region GDP”. The International […]