First Independent Mena Newspaper
On his way back from Astana where he attended a summit of the Organisation of Islamic Cooperation (OIC) in his capacity as president of the Non-Aligned Movement, President Maduro of Venezuela stopped in Algeria where he had talks on means to halt the oil price glut. Maduro could obviously not meet Algeria’s ailing President Bouteflika, […]
Bahrain’s Al Baraka Bank deems that the regulatory framework in Morocco is conducive for the launch of an Islamic finance venture. The Bank’s Chief Executive, Adnan Ahmed Yousif, told Reuters that the Bank targets the expanding Islamic finance in Morocco in effort to diversify assets and revenues in Africa. Morocco is attractive for Islamic banks […]
A delegation of India’s Titagarh Group is on a visit to Morocco to explore investments opportunities in the North African country’s expanding rail sector. Led by the Group CEO Umesh Choxdhary, the Titagarh delegation held talks with Moroccan officials including Morocco’s Transport, Logistics and Water Minister Abdelkader Amara. The Moroccan ministry announced in a statement […]
Spain’s car parts maker, Ficosa, is planning to set up in Morocco a plant specialized in producing in-vehicle cameras, Spanish media reported. The Catalonia-based Ficosa, which has been sold to Japan’s Panasonic last July, plans to invest €50 million in two new plants in Morocco and Malaysia respectively. The Moroccan factory will be located in […]
Sound Energy, the European and African focused upstream gas company, announced that it has received a funding proposal for its Tendrara gas export pipeline in eastern Morocco from Advisory & Finance Group Investment Bank. Sound Energy explained in a statement that after receiving a non-binding expression of interest from Oil & Gas Investment Fund (OGIF) […]
Libyan oil production has plummeted by more than 30 per cent after armed militants blocked pipelines and closed oilfields, resulting in loss in revenues of about $160m, the national oil company said on Wednesday. The largest Libyan oil field, Sharara, has been closed for more than ten days while another, El Feel, shut this week, […]
Morocco’s integration into the Economic Community of West African States is a “win-win” deal, says CEO of the German-African Business Association, Christoph Kannengieber. “ECOWAS will not be weakened by an economically strong country such as Morocco, and as an ECOWAS member, Morocco would be better able to fulfill its desired role as a bridge between […]
Morocco is the next hotspot for hotel expansion in the Middle East and North Africa region, with an influx of hotels set to open in the next few years, said Hotelier Middle East on its website. The website, specializing in the hotel business, featured statements by leading hotel operators in the region such as Hilton […]
From their rear base in Tindouf in South-Western Algeria, the Polisario front is watching with dismay the development momentum in the Moroccan southern provinces. The opening of the first restaurant of the US fast-food giant, McDonal’s, in the largest city in the Southern Provinces, Laayoune, is yet another blow to the Algerian-funded separatist militias in […]
Moroccan city of Marrakech will host the second Middle East & North Africa Business Aviation Association Show Sept.12-13. The event will bring together industry world leaders as Bell Helicopter, Swissport Aviation, Seaprime, G Ops, Gulfstream, Jetex, XJet… “We are pleased to welcome the MEBAA Show Morocco, the only business aviation show in North Africa,” said […]