First Independent Mena Newspaper
Tourist arrivals in Morocco up to September 2017 have grown 9% compared to the same period last year to stand at 8.28 million tourists, the tourism ministry said. International tourist arrivals rose 13.2% while Moroccans living abroad visiting their homeland jumped 5.2%, the Ministry said in its latest statistics covering the January-September 2017 period. Arrivals […]
Hungary plans to beef up its economic ties with Morocco through investments worth $600 million in the North African country in the coming years, said Hungarian Deputy Minister for economic diplomacy, Levente Magyar. The announcement was made in a statement to the press following the 3rd Joint Economic Committee held in Rabat. The Hungarian Minister […]
Morocco has earmarked 6.85 billion dirhams to a program meant to curb disparities between cities and rural areas in 2018. Speaking at the weekly government meeting Thursday, Agriculture Minister Aziz Akhannouch said the program will be funded by the fund of rural and mountainous zones development with the aim of opening up hard-to-reach areas, developing […]
Morocco’s economic capital will host Africa Renewable Energy Forum (ARF), November 30-December 1, that will discuss cooperation between public and private sector to drive forward the development of renewable energy projects across the continent. The event will bring together African Energy Ministers and government representatives, heads of utilities, regulators and national agencies, leading investors, power […]
The IMF expressed its support for the Moroccan authorities’ plan to gradually transition to a more flexible exchange rate regime, which should support the economy’s ability to absorb external shocks, and preserve competitiveness. The statement was made by Nicolas Blancher, head of the IMF consultation mission, in a press release that conveyed the preliminary findings […]
The achievement of Morocco’s 10-year plan, Vision 2020, aiming to double the size of tourist sector and boosting revenues to $15bn annually by the end of the decade hinges on the development of air transport, Morocco’s tourism and air transport minister Mohamed Sajid said. Bringing air transport into the tourism sector “has created a synergy”, […]
The long awaited 2018 Doing Business report has vindicated Morocco as a shining model in terms of ease of implementing investments in North Africa and controverted Algeria due to its unpropitious business climate. The report invalidates the unfounded statements uttered by Algeria’s foreign minister, Abdelkader Messahel, who claimed that his country ranks first at the […]
Morocco has reinforced its production capacities of industrial lubricants, which are increasingly exported to the African market. Speaking to le360 news portal from Accra, director of oil company, Afrique Petromin Internatoinal, Hicham Bouzoubaa said that Morocco offers massive investment opportunities for the development of the lubricant industry. He said the kingdom is increasingly […]
Morocco was ranked the best North African country for doing business and the third in the MENA region in the annual Doing Business rankings. Morocco has slipped one place, in the report published by the World Bank, taking the 69th position globally out of 190 surveyed countries, far ahead of Tunisia (88th), Egypt (128th) and […]
Morocco has recorded a significant harvest of 112,000 tons of all sorts of dates in 2017 as part of achieving the goal of reaching an annual production of 160,000 tons by 2020, up from 90,000 in 2010. To reach that goal, Morocco has integrated developing date palm cultivation in the green Morocco plan. The country […]