First Independent Mena Newspaper
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, […]
French President Emmanuel Macron is expected this Thursday in Morocco, where he will attend the inauguration by King Mohammed VI of the Tangier-Casablanca high-speed train, the first in Africa. The French President will be accompanied by the business leaders who participated in the implementation of the TGV project. King Mohammed VI and the French head […]
Germany’s Kromberg & Schubert, a leader in car wiring, has joined a panoply of auto-industry giants who choose to grab the investment opportunities offered by Morocco. Kromberg & Schubert has set up a factory in Kenitra’s free zone where Peugeot and other car component manufacturers have set up production plants. “Kromberg & Schubert plant will […]
Fitch Ratings gave Morocco ‘BBB-‘ rating with a stable outlook due to the country’s macroeconomic stability, comfortable external buffers and a low share of foreign-currency debt in public debt. The Moroccan government has prioritized social policies in the 2019 budget, said Fitch in a press release, noting that the country is planning an overhaul of […]
Morocco has launched mobile banking, which will enable customers of banks or financial institutions to make remote financial transactions using a smartphone or tablet. Dubbed m-Wallet (e-wallet), this service, which comes to complete online banking, offers to users the possibility to check balance, send money, pay bills, track expenditures, purchase goods and services using mobile […]
A new step towards the renewal of the Morocco-European Union farm agreement was made with a favorable vote in Strasbourg. The Committee on Agriculture and Rural Development of the European Parliament on Monday voted with a majority of its members for the renewal of the agreement. The vote reflects the position of the majority of […]
Morocco is undertaking negotiations to buy two intelligence, surveillance and reconnaissance Beechcraft King Air 350 in a bid to boost its navy, Maghreb Confidential reported. The completion of the transaction will bring the number of Beechcraft King Air 350 aircrafts operated by Morocco’s Royal Navy to four. The plane is equipped for surveillance, target acquisition […]
New data issued by Which?Travel has listed Morocco in the top ten safest countries worldwide, before France or the United States. The ranking, which assesses crime rates, terrorism threats, risk of natural disasters, and health issues in 20 countries, revealed Morocco as a destination as safe as Australia, Canada and japan and safer than Jordan, […]