First Independent Mena Newspaper
The Arab region needs now more than ever an inclusive growth, which is a shared responsibility between governments, the private sector and society at large, including its youth and its women, said Tuesday in Marrakech Chief of the International Monetary Fund, Christine Lagarde. Addressing regional conference, “Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in […]
Currency liberalization is the centerpiece of Morocco’s efforts to transform itself into North Africa’s main financial hub. The gradual Dirham float, which was announced early in January, will help Morocco attract more investments, IMF officials say. Morocco’s Central Bank launched a cautious and smooth liberalization of the Dirham starting with an anchor of 2.5% instead […]
The Abu Dhabi-based Mubadala Aerospace is considering opening a new manufacturing plant in Morocco to be closer to its customer Airbus, said the company’s chief Badr Al Olama. The North African Kingdom enjoys “a proximity to Europe. Being closer to the customers will be important for Strata”, a unit of Mubadala Aerospace, he added in […]
The Souss-Massa region, which attracted more than 18 billion dirham-investments in 2017, is poised to become a platform of exports towards Africa. This new vocation of the region was stressed at a ceremony held Sunday in Agadir under the chairmanship of King Mohammed VI and during which the Souss-Massa Regional 2014-2020 Industrial Acceleration Plan was […]
Moroccan economy grew by 4.6% in 2017 compared to 1.2% in 2016 on the backdrop of an improvement of the indicators of the agricultural sector. Abundant rainfall boosted the agricultural value added to 15.4% in the first three quarters of 2017 compared to -12.5% the same period in 2016, Economy and Finance Minister Mohamed Boussaid […]
Morocco, which has an arable land of 8 million hectares and great agro-climatic wealth, generates a diversified agricultural production, says the Euro Med Invest Business Guide. The share of agriculture in the GDP varies from 10 to 15 pc from one year to another – to which adds about 4 pc for agro-industry, says the […]
The Pestana CR7 venture, owned by Real Madrid’s star Cristiano Ronaldo and Portugal’s top hotel chain, Pestana, announced the opening of a new hotel in Marrakesh next year. The hotel would be the fifth under the Pestana CR7 chain, Moroccan media said, adding that the Marrakech hotel is part of the brand’s plan to double […]
French Credit Insurance Company Coface has downgraded Algeria ratings to C, the lowest grade, over serious concerns of social frustrations boiling in the oil-producing country wherein high risks of social turmoil are exacerbated by the volatility of oil prices. The Algerian growth “slowed in 2017 due to the state’s dwindling financial resources and public spending […]
The green projects launched by Moroccan enterprises will receive support from the European Bank for Reconstruction and Development (EBRD). In this respect, a Memorandum of Understanding was signed in Rabat by Moroccan Minister of Economy and Finance Mohammed Boussaid, and EBRD Vice President Pierre Heilbronn, who is on visit to Morocco from 24 to 29 […]
The International Monetary Fund (IMF), Arab Monetary Fund (AMF), Arab Fund for Social and Economic Development (AFESD) and Government of Morocco will organize a high-level conference in Marrakesh, Jan. 29–30 to look into ways of promoting higher economic growth, job creation, and inclusiveness in the Arab World. The conference, “Opportunity for All: Promoting Growth, Jobs, […]