First Independent Mena Newspaper
Italy’s Proma is the latest in a series of world-class car-part manufacturers that opened plants in Kenitra as Morocco has stood out as the largest car producer in the continent offering a competitive investment platform for exports to Europe and Africa. The new plant was built in a record time of 6 months for a […]
Fitch Ratings has assigned “Excellent” score to the Moroccan fund CDG Capital Gestion, with a stable outlook. This top rating has been awarded to the fund due to its broad stability and its best investment resources organization. According to Fitch analysts, the “Excellent” mark of CDG Capital Gestion is driven by “its highly disciplined investment […]
Morocco keeps attracting global car parts manufacturers thanks to the infrastructure and business climate it offers. Yazaki is one of the Japanese car part manufacturers who grabbed the investment opportunities offered by Morocco as a platform for exports to Europe and Africa. The company, which opened its first Moroccan plant in Tangier in 2000, is […]
Morocco was ranked the fifth largest tomato producer preceded by Iran, Spain, the Netherlands and Mexico. France was the first destination of Morocco’s tomatoes with 368 million kilograms, followed by Russia and Spain, said the EU statistics agency Eurostat. In 2018, Morocco produced 569 million kilograms of tomatoes, representing 6.72% of global production worth €582 […]
The World Tourism Organization (WTO) has decided to hold its 24th General Assembly in the city of Marrakech in 2021 after the candidacy of the North African Kingdom won the majority of votes. The WTO decision was made Thursday by its member countries during their meeting convened in St Petersburg (Russia). The Philippines and Kenya […]
Protection of Morocco’s air and land borders will be enhanced further with the purchase of various Tow -2A missiles for $776 million and additional F-16 ammunition for $209 million. The State Department announced on Thursday its approval of the sale to Morocco of 2,401 Tow 2A, Radio Frequency (RF) Missiles (BGM-71-4B-RF); and twenty eight Tow […]
The 2019 Global Policy Forum (GFP) kicked off Wednesday in Kigali, with the participation of 800 global policymakers, regulatory institutions and development partners from 94 countries, including Morocco. The event is hosted by the National Bank of Rwanda (BNR) and the Alliance for Financial Inclusion (AFI). The three-day forum, held under the theme “Using […]
The Philippines and Morocco have agreed on an air services pact that will enable direct flights between the two countries, the Philippines’ Department of Transportation announced. “Pending the ratification of the air services agreement, the parties signed a memorandum of understanding granting full third and fourth freedom traffic rights for both passenger and cargo, and […]
Morocco’s textile and clothes industry represents 15% of the country’s GDP but has been facing fierce competition of Turkish manufacturers that caused many layouts and put several factories out of business, pushing Moroccan professionals to seek a new strategy to boost competitiveness. They mostly blame the free trade agreement signed with Turkey, which has dumped […]
Casablanca Finance City (CFC) will host Sept.19 the African leg of the global tour organized by the FinTech Abu Dhabi, an international roadshow for the selection of the best FinTech start-ups and talents in the world. The competition, which is co-organized by Abu Dhabi Global Market (ADGM) and Unbound, includes stops and pitching sessions at […]