First Independent Mena Newspaper
Morocco is on its way to become the world’s third largest producer of aluminum wheels as it continues to attract investments by world automotive industry giants. On July 26, China’s Citic Dicastal signed a deal with the Moroccan government to build two plants for auto wheel production in Morocco with an investment of €350 million […]
French dairy company Danone announced that sales will grow by 3.3% this year despite a consumer boycott has slashed the company’s profits in Morocco. The company was able to offset setbacks in Morocco and Brazil as sales were mainly driven by Chinese consumers who snapped up more infant formula while dairy sales picked up in […]
Morocco enjoys political stability and has a forward-looking economic strategy that enabled it to emerge as a regional manufacturing and export base for international companies, said the US State Department in new report on the climate of investment across the globe. “Morocco enjoys political stability, robust infrastructure, and a strategic location, which are helping it […]
Morocco and the European Union (EU) initialed this Tuesday (July 24) in Rabat a new fisheries agreement marking the end of three months of negotiations. The four-year agreement will enter into force after ratification by the European and Moroccan parliaments. Through this new fisheries agreement, the European Union has just confirmed that partnership with Morocco […]
Moroccan companies have been thriving in West Africa where the country geared diplomatic and economic effort, wrote the Economist in an article examining Morocco’s charm offensive with its southern neighbors. The article considers that Morocco’s dynamic private sector and leadership are looking at Sub-Saharan Africa as a land of opportunity compared to the immobilism plaguing […]
The slump in oil prices prompted the Algerian government to seek temporary measures to reduce the trade deficit. The most notorious among these were import restrictions that affected more than 800 products. Algeria’s protectionism has so far backfired producing counter-productive results in a country that failed to diversify its economy away from utter dependence on […]
The EU and Morocco have agreed on new terms of a fisheries agreement covering the Sahara. Morocco described the deal as a recognition of its sovereignty of its southern provinces and its quality as “the only interlocutor in negotiating international agreements covering the Sahara.” From the start of negotiations in Rabat, Moroccan officials made it […]
The European Union and Morocco have reached an agreement on new fisheries deal after five rounds of constructive talks held in Rabat and Brussels. The new agreement, which includes the Moroccan Sahara contrary to the plots hatched by the enemies of Morocco’s territorial integrity, replaces the one that expired on July 14 forcing the European […]
Cars dominated Morocco’s exports in the first six months of 2018 with 35.973 billion Dirhams, as the country continues to attract automotive investments. Home to investments by French giants such as Renault and Peugeot, Morocco unseated South Africa as the largest car producer in the continent. Car exports, a valuable source of foreign currency for […]
Lufthansa announced that it will launch two weekly flights linking Munich and Frankfort to Agadir starting from autumn 2018. The flights will be available every Monday and Saturday from Frankfort and on Sundays in Munich, the company said on its website. The air route will be operated by A320 aircrafts with a tariff starting with […]