First Independent Mena Newspaper
Morocco’s state-owned RAM airline said it transported 7.5 million people in 2018 generating revenues of 16 billion dirhams. CEO of the company Abdelhamid Addou told MPs that the company has an unlocked potential as it aspires to double in the upcoming decade its fleet made up currently of 61 planes. Currently RAM operates 100 air […]
Spain has maintained its position as Morocco’s first trading partner in the first quarter of 2019, both in terms of exports and imports, according to latest data released by Eurostat, the statistical office of the European Union. Spanish exports to Morocco reached €2,091 million at the end of March, a decrease of 1.28 pc compared […]
The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report, noting that commodity dependence affects developing countries almost exclusively. According to the State of Commodity Dependence Report 2019 released last week, dependence on commodities affects 85% of least developed countries, 81% of landlocked developing […]
Morocco is moving forward posting results that have surpassed the set goals for the aviation industry 2020 plan. With 140 enterprises in 2019, the sector grew from 3 enterprises 20 years ago and is now generating revenue of 17 billion dirhams. French Safran for example intended to open a plant employing 400 people but now […]
A regional conference on the promotion of oases in North Africa and Mauritania held in Tozeur, Tunisia, last week underlined that $24 million funding was needed to preserve the green areas in the region desert. Participants in the conference, recognizing oases as a historical, cultural, environmental, civilizational, national and international heritage that must be preserved, […]
The Moroccan government adopted a draft decree that will give the status of free zone to the Mohammed VI Tanger Tech city. The new free zone stretches over a surface area of 467 hectares and is intended to be a new industrial hub offering propitious conditions for the development of industries pertaining to the automotive, […]
Morocco has taken a series of reforms to diversify the triggers of growth for its economy away from dependence on agriculture, phosphates and tourism through developing competitive industries and diversifying its trading partners. Agriculture weights about 15% of the Moroccan economy making the amount of rainfall key to influence economic performance. Last year, cereals output […]
Morocco will acquire AH-64 Apache military helicopters from the US within the next two years. The deal to purchase the Apache helicopters has been in the pipeline since April last year, but the timeframe of delivery has only just been revealed. “Morocco has a pressing need for new sophisticated attack helicopters,” a source told Moroccan […]
The Procter & Gamble Company has named Morocco’s Omar Channawi CEO for the Middle East, Africa and Global Development Markets. He will also be responsible for the Trade Division for Asia Pacific, India, Middle East and Africa, covering a total of 105 countries. Omar Channawi, currently Procter & Gamble Business Vice President for Asia-Pacific and […]
The main source of foreign direct investment in Morocco in 2018 was Ireland, which accounted for 30% of FDIs flows, according to preliminary figures released by the Office des Changes. Thus, out of a total of 34.16 billion Dirhams, Ireland injected in Morocco 9.68 billion Dirhams (+ 6 billion dirhams in one year). France took […]