First Independent Mena Newspaper
The Moroccan agency for energy efficiency (AMEE) was awarded a top prize at the third Emirates Energy Award in Dubai in recognition for its efforts to promote the rational use of energy. AMEE was among 33 winners at the event organized in tandem with the fourth edition of The World Green Economy Summit (WGES) with […]
The World Bank underscored Morocco’s “undeniable progress over the past fifteen years” saying that the North African Kingdom is on the path of an “emerging and politically stable country”. The report dubbed, “Morocco 2040 – Emerging by Investing in Intangible Capital” underscores that “Morocco has made undeniable progress over the past fifteen years not only […]
Tourist arrivals in Morocco up to August 2017 have grown 10.4% compared to the same period last year to stand at 8 million tourists, the tourism ministry said. International tourist arrivals rose 13.1% while Moroccans living abroad visiting their homeland jumped 8.1%, the Ministry said in its latest statistics covering the January-August 2017 period. Arrivals […]
Morocco’s central bank (Bank Al-Maghrib ) has agreed to extend its investment agreement for the benefit of the Poverty Reduction and Growth Trust (PRGT) until 2022 in support of IMF’s concessional lending to low-income member countries. The International Monetary Fund (IMF), as Trustee of PRGT, has amended its 2012 investment agreement with Bank Al-Maghrib, through […]
Algeria has been ranked among the 10 worst performing countries in the 2017 Economic Freedom of the World Report taking the 156th place among 159 nations. Algeria was ranked among the 10 lowest-rated countries in the report on a par with Iran, Chad, Myanmar, Syria, Libya, Argentina, the Republic of the Congo, the Central African […]
Morocco and the China Association for Industrial Cooperation (CAIC) have agreed to set up an economic zone in Fez offering a platform for various industries. The deal is reflective of China’s increasing interest in Morocco notably after the Kingdom signed with China’s Haite Group an agreement to set up a $10 billion industry and technology […]
IMF Managing Director, Christine Lagarde, commended Morocco for the “genuine” budgetary and sectoral reforms it has undertaken to balance its finances. The IMF head told the press on the sidelines of the annual meetings of the IMF and the World Bank that Morocco has used its credit line to carry out fiscal and structural reforms. […]
Maroc Telecom, Morocco’s largest telecom operator, said that it invested €6 billion over the last decade in modernizing telecommunication infrastructure in the African continent. Speaking to the press following talks with Côte d’Ivoire’s president in Abidjan earlier this week, head of Maroc Telecom management board, Abdesslam Ahizoune, said that the company is planning to expand […]
Siemens has inaugurated the first Turbine Blade Factory in the northern Moroccan city of Tangier that was completed for a total cost of $118 million. Built over a surface area of 37,500 square meters, the new factory is the first of its kind in North Africa and the Middle East and will offer 600 jobs […]
Following its material successes in the Tendrara project in eastern Morocco, Sound Energy, the European and African focused upstream gas company, announced plans to shift its focus entirely on accelerating exploration drillings in Morocco. Sound Energy’s increasing focus on Morocco comes after the company’s disappointing activities in Italy where it stripped out its assets. In […]