First Independent Mena Newspaper
The Euro Repar Car Service, which specializes in car’s servicing, maintenance and MOT tests, has opened its first site in Morocco wherein automotive industry is thriving. Euro Repar Car Service is part of the strategic plans of French Group PSA and Sopriam to offer customers best aftersales services and boost spare parts sales in Morocco. […]
Industrial companies created after June 2017 will be exempted from paying the corporation tax, authorities said. A decree was published in the official gazette stating that industrial enterprises will not have to pay the tax for five years after their creation as the government seeks to encourage industrial investments. The tax exemption is targeting enterprises […]
State-owned company Tunisie Telecom (TT) will benefit from British Vodafone operational and strategic support under a three-year partnership sealed by the two sides. Under the non-equity agreement, signed last week, Vodafone will provide support in a range of areas, including enterprise, consumer, technology, and procurement. The partnership will include roaming and carrier services agreements and […]
Morocco’s biggest lender, Attijariwafa Bank, won two prizes at the Euromoney Awards for Excellence 2018. The bank was ranked best in Morocco and topped the list of banks in Africa for SMEs, Euromoney magazine said. Euromoney’s Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry. […]
The delay in the renewal of the EU-Morocco fisheries agreement has prompted fishing ships from EU countries to leave Moroccan ports and territorial waters. After several weeks of talks between Rabat and Brussels without reaching a new deal, Europeans vessels mostly from Spain and Portugal started leaving Moroccan ports and waters on the eve of […]
The European Bank for Reconstruction and Development (EBRD) has granted Novares Morocco, the Moroccan subsidiary of the French automotive supplier Novares Group, a €16.5 million loan. The amount will be used to finance the Novares project in Morocco, supplying the plants of Peugeot PSA in Kenitra and of Renault in Tangiers. The funds will also […]
Despite major challenges, the MENA region can capitalize on the opportunities provided by the strengthening of global economy and provide a better, more equitable, and prosperous future for its citizens, says a report released by the International Monetary Fund (IMF). The region’s highly educated and tech-savvy youth have tremendous potential to spur growth if given […]
Moroccan low-cost airline, Air Arabia, launched a direct air route between Agadir and Birmingham with the aim of attracting more British tourists to Morocco’s Atlantic tourist hub. The new air link will help boost tourist arrivals to Agadir, which, together with Marrakech, accounted for 60% of tourist nights spent in the Kingdom. Agadir-Birmingham flights are […]
As part of its External Investment Plan, the EU Tuesday gave its green light to a package of financial guarantee programs worth around €800 million. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighborhood, the European Commission announced in a press release. The decision is […]
As the Sahel region experiences its worst food and nutrition crisis in five years and continued insecurity, the European Commission has announced Tuesday a humanitarian aid package worth €191.3 million. Over one third of the amount, i.e. €70,6 to be shared between Mali and Nigeria. “There is no time to waste with many affected by […]