First Independent Mena Newspaper
Former Finance and former Foreign Minister Salah Eddine Mezouar was elected new President of the Federation of Morocco’s employers (CGEM) succeeding Meriem Bensaleh. Mezouar won by a landslide majority of 5,173 out of the 6635 casted votes after a heated electoral campaign in which he ran against Hakim Marrakchi. In a statement to the press […]
The recent blunders of several ministers in the PJD-led government have infuriated the anger of citizens, reinforcing the perceived idea of politicians as inconsiderate of the people’s grievances. The boycott, which was launched a month ago, was at first played down by ministers. Finance and Economy Minister Mohamed Boussaid shouted in Parliament saying the boycotters […]
The inroads of Morocco’s economic diplomacy in Africa are inspiring leaders in South Africa, which aspires to follow suit through the launch of an African policy to strengthen economic ties with the continent. The move was announced by South Africa’s Foreign Minister Lindiwe Sisulu, in an attempt to break away with the unfruitful political rhetoric […]
A Parliamentary inquiry presented on Tuesday rebuked gas distributing companies for increasing their profits and undermining the citizen’s purchasing power after the state liberalized the market in 2015. The report was presented amid an ongoing consumer boycott that hurt the finances of three brands operating in fuel distribution (Afriquia), dairy (Central Danone) and bottled water […]
Morocco’s State-owned phosphates Group OCP and UAE National Oil Company (ADNOC) have agreed to enhance their partnership and set up a new global fertilizers joint venture. The new entity will build on the two groups’ competitive advantages, namely ADNOC’s world-scale sulphur production, ammonia and gas expertise, and shipping and logistics network, and OCP’s access to […]
Algeria was ranked among the countries making less information available about how they raise and spend public money, according to the results of the Open Budget Survey 2017. With a score of 3/100, Algeria was in the rear with a double-digit decline in its performance compared to 2015. “On the other hand, Open Budget Index […]
Morocco is the third largest investor in Côte d’Ivoire with €313 million invested in the West African country in the last five years, said Thierry Badou, head of the Ivorian investment promotion center (CEPICI). “Morocco, France and Mauritius are the top 3 biggest investors in the country”, said Badou. In 2015, Morocco topped the list […]
Morocco’s automotive sector was the largest in Africa in 2017 with an output of 345,000 cars, surpassing South Africa’s production of 331,000 cars, South African business news outlet, IOL, said. “Morocco posed a threat to South Africa’s automotive industry because it was about 16km from Europe and focused on that market rather than sub-Saharan Africa,” […]
The US has severely criticized Algeria’s protectionism as detrimental to trade and to the development of Algerian enterprises and US exporters alike. The US rebuke was expressed by Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce who was speaking to the press in Algiers. “The US chamber […]
The Polisario has incurred a new setback in its legal maneuvers against Morocco after the Kingdom’s phosphate company, OCP, restored ownership of a 55,000 tons of phosphates rock unlawfully held in South Africa following a legal challenge by the Polisario. The cargo on board Cherry Blossom was seized in South Africa since May 2017 after […]