First Independent Mena Newspaper
Morocco’s Attijariwafa Bank was Wednesday named best Moroccan bank by Euromoney for Excellence 2016 awards organised by leading Euromoney Institutional Investor based in London. Awards for Excellence are the most prestigious awards in global banking, which recognizes 20 global leading banks in various categories including world’s best bank, world’s best bank for financing, and world’s […]
An International Monetary Fund delegation is expected in Cairo this weekend to discuss a multibillion-dollar support program for cash-strapped North African country. The Egyptian economy has been hit badly by terror attacks and political unrests. The country has been suffering from severe foreign currency shortage since the beginning of the year. This was mainly because […]
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
Morocco was listed among the least indebted countries in Africa in a report issued on July 21 by the United Nations Conference on trade and Development (UNCTAD.) The document, dubbed Economic Development in Africa Report 2016, highlights the sustainability of Morocco’s external debt and the viability of its investments in comparison to other countries in […]
Chinese carmaker Yang Tze will establish a factory to produce electrical cars and busses near Tangier for a total investment of 1 billion dirhams ($101.6 million.) This was announced by the Chinese group’s CEO Wu Tian CAI following a meeting in Tangier with the President of the Tangier-Tetuan- Alhuceima region, Ilyas EL Omari. The new […]
Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]
Canada’s auto parts manufacturer Linamar Corp. is building a US $280 million plant in Morocco wherein car industry is thriving, becoming a leading export sector, attracting more & more foreign investors. Linamar’s plant is destined to supply engine parts to the new Peugeot factory before expanding to new plants that should open soon in Morocco. […]
The number of passengers at Mohammed V airport in Casablanca have grown by 4.47% in May compared to the same period last year, the national airport office (ONDA) said. Figures issued by the same office show that 707,790 travelers used the airport in May compared to 677,514 the same period a year earlier. Passengers on […]
Qatar has widened the gap with its competitors over the supply of Liquified Natural Gas (LNG) to Morocco after the Kingdom’s government council adopted a memorandum of understanding in this regards. The memorandum of understanding, signed during the 6th High Joint Moroccan-Qatari Commission in Doha last April, provides for bilateral cooperation in the fields of […]