First Independent Mena Newspaper
The Moroccan government has officially listed La Mamounia five-star hotel among the public companies on sale in 2019. The hotel is majority held by Morocco’s train office ONCF and was along with Tahaddart power Plant included in the list of companies to be sold in 2019. Since it was established in 1923, La Mamounia became […]
Moroccan Attijariwafa Bank group, which is already present in North Africa and West Africa, is planning to set foot in East Africa through new acquisitions to be launched by the end of 2019, announced Youssef Rouissi, the bank’s deputy general manager. Speaking to Reuters on the sidelines of an investment conference in Johannesburg, Rouissi , […]
The African Development Bank Group has approved a €117 million loan to Morocco to enable the North African country to finance a project destined to ensure the sustainability and security of access to drinking water. The project aims to secure access to drinking water in the provinces of Guercif, Zagora, Al Hoceima, Tanger and Beni […]
The African Development Bank granted Morocco a €75 million loan to help expand and develop Rabat airport into a regional hub. The loan will help expand the airport and acquire new equipment that will enable it to meet international standards as it seeks a larger chunk in regional air traffic, AfDB said in a statement. […]
Morocco and the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group (IsDB), have agreed to enhance cooperation within the framework of Arab-Africa Trade Bridges (AATB) Program. This regional trade promotion program aims at addressing some of the challenges faced in promoting trade between Africa and the Arab world. The […]
Some 150 French business leaders flocked to Laayoune to take part in the third Morocco-France Business Forum opened Saturday in the Sahara major city, with the aim to create an efficient, dynamic and content-rich meeting space between Moroccan and French economic operators. Several French participants vowed from the start to further develop their investments in […]
The number of tourists visiting Morocco between January and August 2018 increased 8% to 8.7 million compared with the same period last year. International tourist arrivals rose 14% while Moroccans living abroad visiting their homeland rose 2%, the tourism ministry said in its latest statistics. Arrivals from main tourist emitting markets showed a 14% increase […]
Morocco has moved up 9 spots in the Doing Business 2019 report, to rank 60th in the world ranking, 2nd in the MENA region and 1st in the Maghreb. The annual report published by the World Bank indicated that the Kingdom has bettered its performance when it comes to doing business. The report, made public […]
King Mohammed VI said Morocco is looking forward to further foster ties with Brazil after the election of Jair Bolsonaro as new President. in a congratulatory message to the new President, the King highlighted the friendly ties of mutual esteem binding Morocco and Brazil, and underscored willingness to work together with Bolsonaro to reinforce the […]
Indonesia and Morocco agreed to start negotiating a preferential trade agreement (PTA) in November to increase trade volume, the Jakarta Post reported. The agreement was reached at the second Indonesia-Morocco Joint Commission Session in Jakarta last Friday. The two countries’ delegations were led by Indonesian Deputy Foreign Minister AM Fachir and Mounia Boucetta, the secretary […]