First Independent Mena Newspaper
Imports continue to drain Algeria’s foreign exchange reserves, which are expected to end 2018 with $85 billion as the country reels under the drop in oil revenues. Reserves were at $90 billion by the end of May, almost less than half the $190 billion reserves registered in end 2014 prior to the oil price slump. […]
A delegation of the Royal Armed Forces recently visited the Ankara-based Turkish Aerospace Industries headquarters to negotiate the purchase of T-129 attack helicopters, the much coveted aircraft by international air forces. According to FAR-Maroc, a website specializing in defense issues, senior officers of the Royal Armed Forces have just made a trip to Turkey to […]
Morocco’s economy is expected to post a growth rate of 3.6% in 2018, the Central Bank said, revising upwards estimates of 3.2% in the appropriation bill. This growth is due to a rebound in agricultural added value by 5.7% as the country expects a good crop year with cereal production projected to stand at 98.2 […]
Rabat hosted Tuesday the launching conference of the European Union External Investment Plan (EIP) in Morocco that will pave the way to a better business environment and foster economic development. The EIP launching conference in Morocco was attended by Michael Köhler, European Commission Director for Neighbourhood South, and Moroccan Minister of Economy and Finance, Mohamed […]
The College of European Commissioners unanimously adopted the exchange of letters covering the Sahara region in the agriculture agreement with Morocco. The decision will be submitted to the vote of the European Parliament after a European Court of Justice decision on the Sahara. Sources from Morocco and the EU said that under the new agreement […]
Foreign investment in Algeria plummeted to $1.2 billion in 2017, a drop of 26 per cent compared to 2016, according to the UN Conference on Trade and Development (UNCTAD). The figures show Algeria’s perceived unfriendliness among foreign investors who are expecting genuine reforms that inspire confidence instead of superficial measures. In the Doing Business Index, […]
Africa practice, a pan-African strategy and communications consulting firm, has joined Casablanca Finance City, the 1st financial center in Africa, according to the 2018 Global Financial Center Index Set up in 2003, Africa practice advises some of the largest institutions, companies and investors on the continent. It operates from seven African offices and delivers assignments […]
Tangier is undergoing a facelift with the inauguration Thursday by King Mohammed VI of a fishing port and Morocco’s largest marina, completed as part of a coastal upgrading program worth 6 billion dirhams. Built for a total cost of 1.18 billion dirhams, the fishing port is equipped with the latest technology and advanced equipment to […]
Foreign Direct Investment flows in Morocco increased by 23 per cent in 2017 to reach $2.7 billion, while FDI to the rest of North Africa dropped by 4 per cent, according to UNCTAD’s World Investment Report 2018 (WIR). The FDI injected in the North African Kingdom went up thanks to considerable investment into new car […]
UAE airlines, Emirates, said it doubled the number of Chinese passengers and increased by 60% that of Japanese travelers visiting Morocco in 2017 compared to 2016. The company said in a statement that the introduction of A380 aircrafts has helped it contribute to promote Morocco’s tourism among Far East tourists. The company daily links Casablanca […]