First Independent Mena Newspaper
The year 2019 has wrapped up with promises of landmark reforms to be carried out in 2020, a year before 2021 elections. In 2019, King Mohammed VI urged the implementation of decentralization, a new development model and an efficient government. It was also a year to celebrate Morocco’s improvement in the doing business index, its […]
Morocco has made of improving its business climate and attracting large scale investments a choice in its economic development policy. 2019 was a year to celebrate outstanding performances by giant manufacturers in their sectors of activity, confirming the attractiveness of Morocco to local and foreign investors. OCP Morocco’s phosphates and fertilizers producer, OCP, will celebrate […]
The vigilance of Laayoune police elements allowed the arrest of an individual with a suitcase full of euro banknotes. This individual, in an irregular situation in Morocco, is allegedly involved in illicit currency transfer. The national of a neighboring African country was arrested in the city of Laâyoune, reported this Thursday local Al Akhbar daily, […]
Morocco’s first sugar refinery Cosumar announced that production in its new refinery in Yanbu, Saudi Arabia, will start in March this year. The refinery in Yanbu is scheduled to start operating in March 2020, Cosumar group CEO Mohamed Fikrat told Reuters. The Yanbu refinery, with a nominal capacity of 850,000 tons of high quality white […]
Nigeria is studying the currency changes ringing through the West African region and will respond in due course, a statement by a media aide to the Minister of Finance, Budget and National Planning said. “Nigeria has received the news of the change of the UEMOA Currency, the CFA (Communaute Financiere d’Afrique) to Eco supposedly as […]
Morocco is on a list of twenty-two of the United States’ allies that will be delivered Raytheon’s Advanced Medium Range Air-to-Air Missile (AMRAAM). The major US defense contractor, Raytheon, said in a Press release that the US Air Force, Navy and 22 foreign allies tapped the company with a $768 million contract for its AMRAAM. […]
Morocco’s navy will be bolstered with the acquisition of two Spanish patrol boats made by Navantia, state-owned shipbuilding company, which offers its services to both military and civil sector. The deal, worth €260 million, was reported by Far-Maroc, a website specializing in Moroccan defense news. “Morocco is in a pressing need of patrol boats of […]
Chinese investors showed interests in the huge business opportunities offered in Morocco’s Sahara provinces and particularly in the region of Laayoune-Sakia El Hamra. It seems that the Chinese are looking for their share of the pie as several foreign investors are already operating in the Moroccan Sahara region, which is emerging as a gateway for […]
As Morocco gradually implements an ambitious regionalization plan, it has opted to implement contractual hiring of public servants instead of the current job-for-life model, which has compromised efficiency and drained state resources. However, hiring by contracts was not easily accepted by many sectors especially teachers who staged months-long protests for fears about their job security […]
Morocco took a series of measures to fight tax evasion, which would eventually lead to taking the country off the EU’s so called tax haven grey list. Morocco will no longer be part of that list starting January 2020, local media La vie Eco reported, citing the multiple efforts by the country to improve financial […]