First Independent Mena Newspaper
multinational aerospace and transportation company Bombardier said it will set up a rail factory in Morocco worth €60 million with a potential to employ 2000 people by 2020. The announcement was made by head of Bombardier activities in Morocco Taoufiq Boussaid, who was speaking at the Rail Industry Summit in Casablanca. He said that Bombardier […]
Morocco has set the goal of joining the 50 most powerful economies of the globe by 2021, said Head of the Government, Saad Eddine El Othmani. El Othmani, who was speaking at the 13th World Islamic Economic Forum in Malaysia, said that Morocco has taken the necessary reforms to achieve that goal, citing notably the […]
Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]
The transactions made via Bitcoin, the digital payment system, constitute a “violation of regulations, punishable by penalties and fines”, said the Moroccan government agency “Office des Changes”. The Office stand comes few days after Moroccan digital services company MTDS said it would accept payment in bitcoin. According to the Office des Changes, the use of […]
Morocco and 18 other nations have recently committed to increase the use of wood and other plant matter from sustainable sources to generate energy as part of efforts to limit climate change. The group said at the UN Climate Summit Cop 23 held in Bonn that they will endeavor to promote the use of sustainable […]
Over 400 senior Chinese and African business leaders and decision-makers will meet at the China-Africa Investment Forum in Marrakech this November 27-28 to discuss partnership projects in transportation, infrastructures, industry, technology, trade and energy. The event is meant to be a platform facilitating business meetings and networking between the main stakeholders of trade and investment […]
Morocco and the Mercosur- a sub-regional Latin-American grouping bringing together Argentina, Brazil, Paraguay and Uruguay- have recently started technical negotiations to pave the way for the conclusion of a Free Trade Agreement. To that end, a meeting was held at the headquarters of the Brazilian foreign ministry, where the Moroccan delegation shed light on the […]
Morocco and China convened to bolster their strategic partnership through lending support to the “Belt and Road Initiative”. The announcement was made in Beijing during a meeting between visiting Moroccan Foreign Minister Nasser Bourita and State Councilor Yang Jiechi. During their talks, Yang, a member of the Political Bureau of the Central Committee of the […]
Qatar is emerging as a key investor in Tunisia with a total investment worth $1 billion injected over the past three years. The $1 billion amount according the Chairman of the Qatar Chamber of Commerce and Industry, Sheikh Khalifa Bin Jassim Al-Thani, is mostly directed towards tourism, telecommunications and financial sectors. Sheikh Khalifa announced the […]
The European Bank for Reconstruction & Development (EBRD) is supporting small and medium-sized businesses in Morocco, Tunisia & Egypt with a €15 million equity investment in the first close of Mediterrania Capital III LP (MC III), which could increase up to €35 million in subsequent closings. This is the third fund of Mediterrania Capital Partners, […]