First Independent Mena Newspaper
Morocco and the Mercosur- a sub-regional Latin-American grouping bringing together Argentina, Brazil, Paraguay and Uruguay- have recently started technical negotiations to pave the way for the conclusion of a Free Trade Agreement. To that end, a meeting was held at the headquarters of the Brazilian foreign ministry, where the Moroccan delegation shed light on the […]
Morocco and China convened to bolster their strategic partnership through lending support to the “Belt and Road Initiative”. The announcement was made in Beijing during a meeting between visiting Moroccan Foreign Minister Nasser Bourita and State Councilor Yang Jiechi. During their talks, Yang, a member of the Political Bureau of the Central Committee of the […]
Qatar is emerging as a key investor in Tunisia with a total investment worth $1 billion injected over the past three years. The $1 billion amount according the Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa Bin Jassim Al-Thani, is mostly directed towards tourism, telecommunications and financial sectors. Sheikh Khalifa announced the […]
The European Bank for Reconstruction & Development (EBRD) is supporting small and medium-sized businesses in Morocco, Tunisia & Egypt with a €15 million equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to €35 million in subsequent closings. This is the third fund of Mediterrania Capital Partners, […]
British company SDX Energy has announced new gas discovery in the onshore drilling operation conducted in Morocco. “We are pleased to be announcing another successful result from our Moroccan drilling campaign,” said chief executive Paul Welch oil and gas operations. The new gas discovery was made in the KSR-15 well at the Sebou project. The […]
Tourist arrivals in Morocco up to September 2017 have grown 9% compared to the same period last year to stand at 8.28 million tourists, the tourism ministry said. International tourist arrivals rose 13.2% while Moroccans living abroad visiting their homeland jumped 5.2%, the Ministry said in its latest statistics covering the January-September 2017 period. Arrivals […]
Hungary plans to beef up its economic ties with Morocco through investments worth $600 million in the North African country in the coming years, said Hungarian Deputy Minister for economic diplomacy, Levente Magyar. The announcement was made in a statement to the press following the 3rd Joint Economic Committee held in Rabat. The Hungarian Minister […]
Morocco has earmarked 6.85 billion dirhams to a program meant to curb disparities between cities and rural areas in 2018. Speaking at the weekly government meeting Thursday, Agriculture Minister Aziz Akhannouch said the program will be funded by the fund of rural and mountainous zones development with the aim of opening up hard-to-reach areas, developing […]
Morocco’s economic capital will host Africa Renewable Energy Forum (ARF), November 30-December 1, that will discuss cooperation between public and private sector to drive forward the development of renewable energy projects across the continent. The event will bring together African Energy Ministers and government representatives, heads of utilities, regulators and national agencies, leading investors, power […]
The IMF expressed its support for the Moroccan authorities’ plan to gradually transition to a more flexible exchange rate regime, which should support the economy’s ability to absorb external shocks, and preserve competitiveness. The statement was made by Nicolas Blancher, head of the IMF consultation mission, in a press release that conveyed the preliminary findings […]