First Independent Mena Newspaper
The first wind turbine blade made in Morocco saw the light of the day in the Siemens factory in Tangier and has been transported to Tangier Med port to be sent to its final destination. This 63-meter energy production tool weights 17 tons. Its size required close cooperation between the factory, local authorities and the […]
Morocco continues to steadily expand its car industry fabric, a fact that confirms the country’s leading position in relation to high added-value activities and the confidence it enjoys on the part of international investors. After the Memorandum of Understanding signed Saturday between Morocco and Chinese electric vehicle maker BYD related to building a production site […]
As a result of the firm resolve of King Mohammed VI of Morocco to revitalize and modernize his country’s infrastructures and diversify partnerships with major world players, and part of his efforts to promote transition to renewable energies and ensure green mobility, Chinese group BYD Auto Industry Company will set up an electric transportation system […]
Palace Main Entrance Tourist arrivals in Morocco up to October 2017 have grown 9% compared to the same period last year to stand at 9.7 million tourists, the tourism ministry said. International tourist arrivals rose 14% while Moroccans living abroad visiting their homeland jumped 5%, the Ministry said in its latest statistics covering the January-October […]
The International Finance Corportation, a member of the World Bank Group, is injecting €15 million in a new private equity fund by AfricInvest, a leading private equity fund manager, to help expand access to finance for small and medium enterprises in North Africa. The investment is part of a larger effort to support economic growth […]
France and Qatar signed a slew of contracts worth €12 billion as President Emmanuel Macron visited the isolated Gulf country this week. Under the deal, Doha will acquire 12 Rafales fighter jets and 50 Airbus planes. “These contracts underline the closeness of our commercial ties,” Macron said during the signing ceremony in Doha Thursday. He […]
Exxon Mobil and Mauritanian authorities have signed three production-sharing contracts for three deep-water exploration blocks. “These blocks further enhance ExxonMobil’s leading global deep-water acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company in a statement. “We thank the government of Mauritania for the opportunity to evaluate the potential of this acreage using our expertise […]
French car manufacturer has unveiled plans to assemble its latest pick-up truck model in Tunisia. This project, which will give a boost to Tunisia’s automotive industry, marks Peugeot’s return to the country following a 25-year absence. The €10.2m new assembly facilities, which will be built in Mghira and Sfax, will be operational 2018. The firm […]
Morocco is attracting foreign companies through its special economic zone with the recent setting up of Japan’s top international freight forwarder, Nippon Express, of a second African branch office in Casablanca to cash in on the continent’s increasingly promising logistics market, said the Journal of Commerce, a biweekly magazine focusing on global trade. “Morocco is […]
Thanks to its advanced infrastructure, close ties with African economies and its advanced ports and free zones, Morocco offers a platform for Chinese businesses willing to expand in Africa. The conclusion was reaffirmed at the end of the China-Africa Investment Forum held in Marrakech (Nov 28) with the participation of 400 business executives from across […]