First Independent Mena Newspaper
The World Tourism Organization (UNWTO) has released a set of guidelines to help tourism sector emerge stronger and more sustainably from COVID-19. The guidelines highlight the need to act decisively, to restore confidence and, as UNWTO strengthens its partnership with Google, to embrace innovation and the digital transformation of global tourism. The new guidelines, […]
The European Union transferred a grant of €157 million (MAD 1.7 billion) to Morocco on Monday, May 26, to help the country in its response to the COVID-19 pandemic and vowed more grants by the end of 2020 to total €300 million. The amount was injected into Morocco’s Special Fund for the Management and Response […]
After industrial units were allowed to resume their activities on the morrow of Eid Al-Fitre, celebrated in Morocco last Sunday May 24, owners of cafes and restaurants are to resume their activities this Friday, May 29, but only for takeout and delivery, the ministry of Industry and Trade announced Thursday. The managers of cafes and […]
The Japanese House of Councilors on Wednesday adopted the agreement on non-double taxation signed between Morocco and Japan. The agreement was signed in Rabat on January 8 during the fifth session of the Morocco-Japan Joint Commission meeting. It is meant to avoid double taxation and to prevent tax evasion and fraud. It applies to persons […]
The African Development Bank (AfDB) approved on Wednesday in Abidjan a €264 million financing to Morocco, as part of its COVID-19 response support program (Parc-19). With a rapid deployment of resources, PARC-19 contributes to bolster the Kingdom’s response efforts to the health, economic and social crisis triggered by the Covid-19 epidemic, the AfDB said in […]
The UN Food & Agriculture Organization has praised the resilience of a watershed management project in Morocco, which illustrates how the reduction of disaster and climate risks faced by communities can reduce poverty while increasing biodiversity. In its report “The State of the World’s Forests 2020”, FAO shed light on this pilot project carried out […]
The Moroccan and Ivorian exporters’ associations, Asmex and Apex-CI, have decided to pool efforts to set up an African external trade association, Aujourd’hui Le Maroc reports. The decision came under a partnership deal signed by the two associations on May 25, marking the African World Day. The future African association will support and provide a […]
The economic monitoring committee, set up since the outbreak of the COVID-19 pandemic in Morocco early March, is making every effort to resume economic activities and put economic recovery on the right track, after more than two months of confinement, which heavily impacted several sectors of the national economy. The committee members discussed at a […]
Morocco ranked 1st in Africa in macroeconomic integration in “Africa Regional Integration Index 2019”, published lately by the UN Economic Commission for Africa (UNECA), the African Development Bank (AfDB) and the African Union Commission. With a score of 0.809, Morocco takes the lead in the continent macroeconomic integration. Mauritius came in the second place followed […]
The International Bank for Reconstruction and Development, IBRD, has lent Tunisia €18.3 million earmarked for the fight against the COVID-19 health crisis. The Tunisian cabinet Friday validated the loan, which was signed on May 11. The North African country needs $157 million in addition to external sources to roll out anti-covid-19 national policy. The IBRD […]