First Independent Mena Newspaper
Morocco’s national carrier Royal Air Maroc, RAM, will launch Thursday, Jan. 16, its first direct flight from Casablanca to Beijing, China. The route will be served by B787-9 Dreamliner, of 302 seats including 26 in business class. The flight to depart from the Mohammed V airport in Casablanca will take 13 hours to reach the […]
King Mohammed VI chaired the signing ceremony of a deal outlining different measures to guarantee regular water supply in the country over the next eight years for a total cost of 115.4 billion dirhams (€10.8 billion). The King was briefed on this occasion on the salient points of the 2020-2027 National drinking and irrigation water […]
The World Bank expects Morocco’s economic growth to jump from 2.7% in 2019 to 3.5% in 2020, the World Bank said citing Morocco’s reforms to curb fiscal deficit and boost exports. Morocco’s GDP should increase at a slower pace to 3.6 in 2021 and 3.8 in 2022, the World Bank said in its Global Economic […]
French telecom giant Orange this week inaugurated an operational head office in Morocco to transfer operational management of its African and Middle Eastern activities from Paris to Casablanca. The new headquarters is located in Casablanca Finance City Tower (CFC) in the heart of Casablanca. In Africa and the Middle East, Orange is benefiting from strong […]
Moroccan MPs have called for the setting up of a Free Trade Zone (FTZ) in the northern town of Fnideq in a bid to combat the smuggling of goods and end the ordeal of the women who carry heavy packages as they cross the border between the city of Sebta, under Spanish control, and Morocco. […]
Morocco has 18 international airports which welcomed in 2019 over 25 million passengers. They are currently capable of handling 40 million travelers. In order to avoid their congestion due to the growing number of tourists visiting the North African kingdom and continuous opening of routes by the airliners, Morocco’s Airport Authority (ONDA) intends to […]
French carmaker PSA plans to build on the competitiveness of its Morocco plant to achieve leadership in a car segment of cost-efficient cars, head of PSA Maghreb said. “With Peugeot 208 made in Morocco, we aim at being leaders in this segment. Other beautiful surprises will take place in the future,” said PSA Maghreb director […]
EBRD signs a €2 million loan with Advans Tunisie, equivalent to 6.5 million Tunisian dinars. The funds to boost Technical assistance will help strengthen credit and operational risk management. The EBRD is helping to increase the availability of funds for small firms in Tunisia through a local currency loan equivalent to €2 million to Advans […]
China has extended Mauritania a $87 million loan to be used for the construction of a fishing harbor expected to generate 800 permanent jobs and handle around 400,000 tons of merchandise yearly. Minister of Finance and Industry Cheikh El Kebir Moulaye Taher told lawmakers Tuesday that the future port will be located 25 km north […]
Morocco’s gross domestic product is set to grow two-fold to 222 billion dollars in the upcoming 14 years boosted by a growth rate exceeding 4%, the UK’s Center for Economics and Business Research (CEBR) said in a recent study. Over the next five years, the annual rate of GDP growth is set to accelerate […]