First Independent Mena Newspaper
Morocco’s economic growth and the foreign direct investments it attracts are luring international insurance companies such as Lloyds, which has recently inaugurated a branch in Casablanca. Lloyds, which has acquired the status of the Casablanca Finance City (CFC), sees in Morocco enormous growth potential, Inga Bealesa, President of the British insurance giant, told local paper […]
PSA Group’s factory announced that its plan is going according to schedule with first car to be released in April 2019. In 2017, the French car manufacturer launched construction works of its plant at the free zone of Kenitra, located at some 40 km to the north of Rabat, with the aim of reaching an […]
Morocco ranks as the sixth largest recipient of the Islamic Development Bank funding with total loans amounting to $6.8 billion said Economic and Finance Minister Mohamed Boussaid. Speaking at the opening of the 43rd annual meeting of the group, Boussaid said the bank offered $2.9 billion to fund development projects in areas covering energy, transport, […]
Argentina is interested in signing a free trade agreement with Morocco in order to foster bilateral trade, said Argentinian Foreign Minister Jorge Faurie who is on a visit to Rabat. Speaking to the press following a meeting with Secretary of State for Fisheries, Mbarka Bouaida, the Argentinian official underscored that the FTA will help the […]
The Hilton Hotels & Resorts Group, which is expanding and enhancing its presence in Morocco, will build a new hotel in Rabat, capital of the North African Kingdom. The 150-room Hilton Rabat, to open in 2022, will be part of the city’s Wessal Bouregreg project. The Wessal Bouregreg master development has a range of residential, […]
The UK announced the allocation of £3 billion to companies willing to export to Morocco or operate in the North African country whose business climate, geographic location and qualified labor is luring companies targeting the African market. This announcement was made Tuesday in London by representative of the UK Department for International Trade in Morocco, […]
SNI, the largest stakeholder in the Moroccan economy, announced that it has changed its name into Al Mada in tandem with gearing its activity towards becoming a pan-African investment fund. This change was approved at a meeting of SNI’s board of directors on March 28 in Casablanca, said the company in a statement noting that […]
Morocco was ranked the most attractive African economy for investments in the Africa Investment Index 2018 issued by Quantum Global. Morocco earned the title of Africa’s top investment destination thanks notably to an improving economy, increased foreign direct investment flow and low external debt levels in addition to propitious business climate among others. “Morocco has […]
Attijariwafa bank, a leading pan-African banking group, has teamed up with IFC, a member of the World Bank Group, to boost cross-border trade and investment in Africa and support the continent’s smaller businesses. A cooperation agreement was signed by the two sides to enhance investments in both North Africa and Sub-Saharan Africa. The partnership will […]
Morocco’s Financial Intelligence Processing Unit (Unité de traitement du renseignement financier/UTRF) has received an updated blacklist of individuals wanted for money laundering and terrorism financing. The list, which includes Moroccans, should be submitted to the Attorney General of the Rabat Court of Appeal, which has the exclusive right to decide on financial crimes related to […]