First Independent Mena Newspaper
Morocco has voiced its readiness to contribute to all initiatives seeking to enhance further Chinese-Arab partnership, based on the principle of respect of the States’ sovereignty and non-interference in their internal affairs. Addressing the 8th China-Arab States cooperation forum held Tuesday in Beijing, Moroccan Foreign Minister Nasser Bourita said the reinforcement of partnership between China […]
The number of tourists visiting Morocco between January and May increased 9% to 4.1 million compared with the same period last year. International tourist arrivals rose 15% while Moroccans living abroad visiting their homeland dropped 1%, the tourism ministry said in its latest statistics. Arrivals from main tourist emitting markets showed a 16% increase in […]
GAZ, a leading manufacturer of commercial vehicles in Russia, has started selling a range of commercial vehicles in Morocco, in cooperation with its new distribution partner, Africa Motors (Auto Hall Group). The group hopes to make of Morocco a platform to further develop its business in the rest of African countries. The first model put […]
Morocco’s aeronautic sector continues to attract more investors and major manufacturers thanks to the country’s political stability, low-cost labor, tax incentives and geostrategic position. The burgeoning sector expanded with the opening in Casablanca suburbs of two new plants by STTS, a subsidy of French industrial group SATYS specialist in aircraft painting, and the Société franco-marocaine […]
Oman Air opened this month the Casablanca Muscat direct air route as the two countries see promising prospects for their bilateral relations. The inaugural flight WY171 was operated by Dreamliner (787-800) and is scheduled to depart Muscat four times per week flying to the Casablanca International Airport. The new air route is part of Oman […]
UK’s largest coach operator, National Express Group, has announced that its Spanish and Moroccan division, ALSA, has won a €1 billion bus contract in Morocco. The 15-year deal, which includes an option of a further 7-year extension, will enable ALSA to expand its services in the North African Kingdom. The transportation company, which will operate […]
The American STG (Secure Technologies Group) will install around 2019-2020 a phone assembly plant in Morocco, announced the group’s founder Adnan Ouassini. Adnan Ouassini, a Moroccan entrepreneur born in Tangier, established STG in 2008 in Silicon Valley in the United States through Technology Capital Invest (TCI), an investment holding company in new technologies, also founded […]
The Central People’s Bank of Morocco (BCP) has secured funds from Proparco and the African Development Bank, destined to upgrade its business financing in West Africa, mainly in Côte d’Ivoire, Guinea, Mali and Senegal, where the bank is operating through its subsidiary Banque Atlantique. BCP has thus signed Thursday in Casablanca a funding agreement with […]
Danone CEO was pushed to pay a visit to Morocco where a local subsidiary Centrale Danone is hit by a consumer boycott slashing sales and triggering layoffs. The CEO Emmanuel Faber met with families and youth who expressed their views on prices and quality. He then held a press conference in which he promised to […]
Japanese group Mitsui & Co. has injected over $27 million in the capital of Zalar Holding, an operator of grain, feed, and broiler integration businesses in Morocco and Senegal. The two sides also agreed to set up a strategic business alliance. Through this transaction, Mitsui & Co. looks forwards to contributing to food supply in […]