First Independent Mena Newspaper
Morocco continues to make notable progress in economic liberalization, according to 2017 Index of Economic Freedom created by the Heritage Foundation and Wall Street Journal. The North African country, which ranked 8th in Africa and 86th globally, is benefiting from a commitment to economic reforms that encourage a dynamically evolving private sector, says the annual […]
UK Company SDX Energy Inc. said that its drilling campaign in Morocco remains on schedule for two exploration wells in the second half of 2017, as it has obtained extensions to its exploration permits. The company said the Lalla Mimouna Nord & Sud permits, covering an area of over 2211 km2 located in the Gharb […]
Moroccan financial company Wafacash has sealed a deal with WorldRemit, an online money transfer service provider, enabling Moroccans living overseas to send money to their homeland wherein the cash will be available instantly for the beneficiaries. The money transfers wired though WorldRemit system can be picked up from any of the 1620 Wafacash locations installed […]
Mauritania can rejoice for a successful participation in the summit of Arab financial institutions held in Rabat after the North African country received over $100 million of loans for the execution of projects in mining and energy, reports say. A first deal between Moctar Ould Diaye, Mauritania’s finance minister and the chairperson of the Arab […]
Libya’s National Oil Corporation (NOC) announced a deal with Morocco’s Banque Marocaine du Commerce Exterieur (BMCE) to attract new investors in a move defined as slap for the UN-backed Presidential Council. NOC head Mustafa Sanalla signed a Memorandum of Understanding (MoU) with BMCE’s Ibrahim Benjelloun Touimi in Vienna on Friday making the Moroccan bank one […]
Credit rating agency, Fitch, affirmed Morocco’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BBB’ with a Stable Outlook. Fitch explained that Morocco’s BBB rating was driven by its economic performance, public finance and external finance metrics. “Economic policy focuses on maintaining macroeconomic stability and is unlikely to change much as a result […]
Moroccan tourism authority has announced its 2017 ambition as the industry authorities hope to increase arrivals from China and Italy and hit an 11 million-tourist target. Figures of tourist arrivals for 2016 second semester have saved the session and hyped hope at ONMT. Around 10.4 million tourists visited the kingdom in 2016. To reach the […]
Morocco has bolstered its leadership in renewable energies with the inauguration of the fourth and final stage of the Noor Solar plant complex in Ouarzazate with a 582 MW total capacity. King Mohammed VI launched works to achieve the fourth phase, which uses photovoltaic (PV) technology to produce electricity. The site will have a capacity […]
On the occasion of the 60th anniversary of diplomatic ties between Morocco and India, the Times of India published an Op-ed making the case for strengthening relations with the North African Kingdom as a means to outreach diplomatically and economically to francophone Africa. The author of the article, Rudroneel Ghosh, calls on his country […]
Fifteen Ministerial delegates representing both northern and southern Mediterranean countries have signed on Thursday a flagship Declaration whereby they make a 10-year pledge to save the Mediterranean fish stocks and protect the region’s ecological and economic wealth. The text, dubbed Malta MedFish4Ever Declaration, crowns months of negotiations that started in Catania, Sicily in February 2016, […]