First Independent Mena Newspaper
Japanese automotive supplier JTEKT has launched the construction works of a plant to produce electric power steering systems. The plant, the Japanese group’s first in the MENA region, is located in Tangier. With an initial investment of $22 million, the factory aims to reach an initial production capacity of 300,000 units a year when it […]
German media and publishing group Bertelsmann has merged its customer service business with Morocco’s Saham, creating a new market leader in Europe, Africa and the Middle East. Each will hold 50% of the new company branded as Arvato, which operates in 25 countries with 48,000 employees on its payroll offering services across the market for […]
Morocco officially opened an office to attract more Indian tourists as the North African Kingdom seeks to diversify its tourism emitting markets. “This office of the Moroccan tourism promotion agency will help us in planning various strategic promotional and awareness programs to tap the robust tourism sector in India”, Morocco’s Tourism Minister said in New […]
Moroccan women entrepreneurs have received a huge boost from the European Bank for Reconstruction and Development (EBRD), which has just launched a program to help them unleash their potential and contribute to their country’s economy. Dubbed EBRD’s “Women in business program”, this initiative is supported by European Union and Moroccan banks: BMCE Bank of Africa […]
Passenger traffic at Tanger-Med port jumped by 202% this summer compared to 1,741,212 passengers last year. The number of vehicles handled by the port hit 464,977 while the number of buses rose to 4,390, the port’s authority said. It ascribed the recent car jam that stretched for nearly 18km from the port to the high […]
The European Union and Morocco inked on Friday two agreements aimed at supporting Moroccan small & medium enterprises (SMEs), including start-ups working on innovation as well as the country’s social protection program. The agreements, related to the EU-funded programs: “Competitiveness & green growth” and “social protection reform in Morocco”, were sealed during the visit European […]
Morocco’s phosphates company saw its revenues grow by 15% in the first half of the year to 26,599 million dirhams ($2.86 billion). Revenues increased from 23,152 million dirhams last year as the company continues to invest in Africa where it plans the setting up of fertilizer plants in Ethiopia and Nigeria. “This sales growth was […]
The European Commission President Jean-Claude Juncker in a keynote speech on Wednesday said Europe will propose a new alliance with Africa that will create up to 10 million jobs. In his State of the Union speech, Juncker said the European Commission is proposing a new ‘Africa – Europe Alliance for Sustainable Investment and Jobs’ to […]
Casablanca Finance City (CFC) has leapt four places in the Global Financial Centers Index 24 (GFCI24) taking the 28th position. CFC outperformed Seoul, Taipei and Doha ranking the fourth best financial hub in the MENA region behind Dubai, Tel Aviv and Abu Dhabi. At the international level, New York has overtaken London as the world’s […]
Morocco’s phosphates company, OCP, and the Government of Ghana signed a memorandum of understanding to develop the fertilizer value chain. The agreement was signed by Ghana’s Ministry of Food and Agriculture (MoFA) and the OCP Group as part of the Government of Ghana’s newly designed Fertilizer Expansion Program (GFEP). Under the agreement, the two parties […]