First Independent Mena Newspaper
Morocco was ranked third in Africa’s fastest growing reinsurance markets in the Africa Reinsurance Pulse 2016, an annual report issued by Schanz, Alms & Company. “Kenya, Nigeria and Morocco are the fastest growing reinsurance markets, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes,” says the […]
Chinese Polytechnology company, specialized in defense equipment, which has been under fire in Africa and around the world for bribery and money laundering, will build a military and commercial port at the Mauritanian city of N’Diago, sitting on the bank of Senegal River, few miles from the Senegalese city of St. Louis, reports say. The […]
Tunisian authorities are on cloud nine as expectations for “Tunisia 2020” international forum seem to be met with 34 billion dinars investment including 15 billion dinars pledged through conventions. The two-day event was not like empty promises made in 2014. Youssef Chahed, country’s Prime Minister oversaw signings indicated Wednesday that Tunisia is back on the […]
Japanese leading financial paper, Nikkei Asian Review, highlighted the attractiveness of Morocco for foreign direct investment thanks to a conducive legal framework, developed infrastructure, skilled workforce and proximity to European markets. “Morocco is emerging as a vibrant hub for numerous industries, with a raft of global manufacturers operating and building factories in the country on […]
Portugal’s leading mold making company, Simoldes, is on course to launching construction works for its 70 million-dollar industrial plastics processing complex in Morocco to supply automakers in North Africa and beyond. The new plant will stretch over a surface area of 10 hectares with a potential to employ 3000 people. The complex will be producing […]
International credit rating agency, Fitch Ratings, highlighted Morocco’s stable and predictable economic policies, which are propitious for attracting investments and improving public finances by boosting growth and narrowing the budget deficit while withering external financial shocks. “GDP growth will recover to above 3% in 2017,” Fitch Ratings said in an analysis on its website in […]
Morocco tops North African countries in terms of the ease of doing business says the World Bank in its 2017 Doing Business Report. The report ranked Morocco 68th globally in a list of 190 countries, third in Africa and 4th in the MENA region. The report shows that the reforms launched by Morocco over the […]
Morocco’s foreign exchange reserves rose 16.1% compared to the same period last year, the Central bank, Bank Al Maghreb said. By October 14, Morocco’s foreign exchange reserves stood at 250.1 billion dirhams up from 248.9 billion dirhams registered in the first week of September, the central bank said in its weekly statistics. This improvement of […]
The Algerian economy has been heavily battered by the slump in oil prices evoking the catastrophic events of the late 1980s which plunged the country into a spiral of a decade of violence, said a new study entitled, The Impact of Low Oil Prices on Algeria, published by the Center on Global Energy Policy. The […]
Bombardier, Canadian multinational aerospace and transportation company, is set to invest in a rail industry cluster in Morocco that will serve as a hub for boosting exports to the African market. The announcement was made by the Chairman of the Moroccan branch of Bombardier Transport, Taoufiq Boussaid, who stressed the pertinence of the new investment […]