First Independent Mena Newspaper
The Council of the European Union adopted Thursday (Nov.29) in Brussels the new fisheries agreement with Morocco, European sources said. The council’s move comes just one day after the Committee of Permanent Representatives in the EU, known by its French acronym COREPER, approved the new fisheries agreement. The agreement needs to be ratified by the […]
The indicators of Moroccan economy showed a positive evolution in 2018. Thus foreign direct investments (FDI) amounted to 30.2 billion dirhams at the end of the first ten months of the current year, compared to 21.3 billion at the end of October 2017. However, the trade deficit is worsening. According to the Exchange Office (Office […]
Belgian SABCA has teamed up with Sabena Aerospace to set up in Morocco a major and independent regional player in Maintenance, Repair, Overhaul and upgrade (MRO&U) for African military aircraft. SABCA, through its subsidiary SABCA Maroc, partners with Sabena Aerospace to propose, from the North African Kingdom, services for military aircraft maintenance. The first identified […]
Thierry Bollore who was appointed Renault’s interim leader after the arrest of the company’s chairman in Japan reassured Moroccan suppliers about the stability of the groups activity. Bollore stressed in a message to Renault suppliers across the globe including Morocco that Renault will maintain its industrial and commercial activities steady in this period. Carlos Ghosn, […]
The UK’s Financial Times drew bleak prospects for Algeria whose ailing President Abdelaziz Bouteflika prepares for a fifth term that risks prolonging Algeria’s economic and political crisis. Maintaining Bouteflika, who has been ruling Algeria since 1999, as President “ threatens to prolong the political paralysis in a country facing the monumental challenge of transforming its […]
Morocco and Senegal have expressed their strong determination to work hand in hand to ensure the success of the Triple S Initiative (Sustainability, Stability and Security) in Africa. The two countries’ shared willingness was voiced lately at a meeting held in Addis Ababa by Head of Moroccan Govt Sâad Eddine El Othmani and Senegalese Minister […]
King Mohammed VI has appointed this Saturday economist Driss Guerraoui President of the Competition Council, in replacement of Abdelali Benamour. Driss Guerraoui, an expert on social issues, has been holding, since February 2011, the position of Secretary General of Morocco’s Economic, Social and Environmental Council. During the appointment ceremony, King Mohammed VI “emphasized the importance […]
Trade between Morocco and France grew by an annual average rate of 5.8% between 2010 and 2017, standing at 109.3 billion dirhams, Morocco’s finance ministry said in its statistics. Between 2016 and 2017, trade between the two countries expanded by 6% as Moroccan exported 56.8 billion dirhams to France and imported 51.9 billion dirhams. France […]
King Mohammed VI of Morocco and French President Emmanuel Macron were the first passengers to board Thursday the brand new Moroccan high-speed train at the revamped railway station in Tangier. The two heads of state have made a journey to Rabat aboard the TGV, baptized “Al Boraq”, inaugurating thus Africa’s first high-speed train, a landmark […]
The African Union on Wednesday called for a sanction regime against member states that would fail to make their annual financial contributions. African Union Commission chair Moussa Faki Mahamat announced the new measure in a speech at the 20th Extraordinary Session of the Executive Council of the African Union, focused on the continental reform agenda, […]