First Independent Mena Newspaper
King Mohammed VI launched on Friday in Agadir the construction works of a psychiatric hospital, a project, which is part of the 2020-2024 urban development program of the city, set out earlier this week by the Sovereign. This $5.6 million project, which reflects the interest granted by the Sovereign to the health sector, will […]
The European Union (EU) has denied rumors that it will ban Morocco from exporting products from the southern region of the Sahara to European states. The EU’s position on the labeling of Moroccan products has not changed, affirmed the EU’s spokesperson Peter Stano on Thursday, Feb. 6, from Brussels, Belgium. The union will apply the […]
Seven Moroccan women have been listed by Forbes Mazagine among the Middle-East’s 100 power businesswomen. They have worked their way up during their professional career to reach the top of their professions. The seven Moroccan women cited in the Forbes 2020 listing are Nezha Hayat, Head of Morocco’s capital market authority (ranked 7th), Laila Mamou, […]
King Mohammed VI on Thursday launched in the region of Agadir the construction works of a local City of trades & skills and chaired the signing of the related funding agreements. Agadir’s city of trades & skills will be built over a 15 ha area. It will cost over $ 44.5 million. The City will […]
Morocco closed 2019 with a record number of 13 million tourists visiting the country, that is a 5.2% rise compared with 2018, the tourism ministry said. Tourism revenues rose to 78.6 billion dirhams in 2019, from 73.15 billion dirhams in 2018, making the sector one of the main sources of hard currency for Morocco. […]
The UAE’s Khalifa Fund for Business Development has provided about $10 million in financial support to Burkina Faso to create 50,000 jobs for the youth in the West African nation. The agreement was signed by the president of the Khalifa Fund, Hussain Jasim Al Nowais, and the Burkinabe minister in charge of youth, Salfo Tiemtoré. […]
The United States and Kenya on Thursday agreed to launch negotiations that could lead to the first US bilateral trade deal with a sub-Saharan African country. The announcement, made at a White House meeting between Trump and Kenyan President Uhuru Kenyatta, directs US Trade Representative Robert Lighthizer to issue a formal notification to Congress under […]
King Mohammed VI inaugurated Thursday in Agadir the Souss-Massa City of Innovation, a regional version of the Industrial Acceleration Plan, launched by the sovereign on January 28, 2018. This new City, which required a 42 million DH investment, is meant to be a real lever for the emergence of Research & Development and a […]
Four major dams with a total storage capacity of 1.42 million cubic meters will be built by 2027 in Morocco’s Northern Tangier-Tetouan-Al Hoceima region. According to director of the Loukkos Hydraulic Basin Agency Abdelhamid Benabdelfadel, the four dams, which will push up the region’s national storage capacity by 26 pc, will be constructed within the […]
Morocco’s trade deficit has slowed to 1.5% in 2019 partly due to a fall in energy imports and a rise in agricultural and automotive sector exports. The import bill was 491 billion dirhams while exports stood at 282 billion dirhams. Energy imports decreased 7.2%, representing 15.6% of all imports, thanks to lower prices in international […]