First Independent Mena Newspaper
A plan to set up financial incentives to attract more international filmmakers to Morocco was unveiled in Rabat with the aim of tripling investments by foreign producers in the Kingdom. Speaking at a conference, Director General of Morocco’s cinema center (CCM) Sarim Fassi Fihri underscored the plan’s beneficial impact on job creation notably in the […]
On October 26-27, the 15th “Maroc in Mode” exhibition will be held in Marrakech to showcase the country’s growing textile sector, said Drapers, a magazine specializing in fashion and retail. The exhibition, organized by the Moroccan Textile Organization in partnership with the Foreign Trade Department and Maroc Export, will take place at the Moulay Hassan […]
The Executive Board of the International Monetary Fund (IMF) completed on August 1 the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL and its sound economic fundamentals. In a statement on its website, the IMF underscores Morocco’s eligibility to PLL and praises the country for […]
After attracting large-scale investments by automotive giants such as Renault and Peugeot, Morocco is on its way to launch two plants by two other car manufacturers in a bid to reach its production goal of 1 million cars annually, highlights Automotive News, a news website specializing in the car industry. The website quotes an adviser […]
Mobile subscribers in Morocco stood at 42.05 million by the end of June 2017, rising 0.64% compared to the first quarter of 2017, the National Telecommunications Regulation Agency (ANRT) announced. The mobile phone network grew by posting slight increases, quarterly of 0.64% and yearly of 1.48%. By the end of June 2017, mobile subscriptions totaled […]
After a meagre growth rate of 1.2% in 2016 as a result of disappointing crop year, Morocco expects its economy to expand by 4.8% amid promising macro-economic indicators said minister of Economy and Finance, Mohamed Boussaid. The minister, who was presenting a report on the progress of the implementation of the 2017 budget in a […]
Morocco and the Kuwaiti Fund for Arab Economic Development signed a financing agreement of the second phase of the high-speed train TGV worth 474 million Dirhams. This loan attests to the strong partnership between the two countries and the interest of Kuwait in Morocco’s strategic development projects, said Morocco’s economy and finance minister Mohamed Boussaid […]
BMCE Bank of Africa signed an agreement to build Africa’s tallest tower in Rabat with State-owned giant China Railway Construction Corporation (CRCC) and the General Construction Company of Casablanca (TGCC). Speaking following the signing ceremony in Casablanca, CEO of BMCE Bank of Africa said that the new edifice, which will be known as “Rabat Tower”, […]
Morocco’s city of Marrakech, one of the world most population tourist destinations, will host the 30th World LPG Forum October 3-5. This global event will be bring together key international agencies, policy makers, The forum’s program features keynote address by Moroccan minister of energy, mines and sustainable development Aziz Rebbah, presentations by experts and debates […]
Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]