First Independent Mena Newspaper
Morocco’s Central Bank, Bank Al Maghrib, forcasted a 4.2% growth rate for Moroccan economy in 2017, up from 1.2% in 2016. The positive growth rate was put forward on the backdgrop of a promising crop year following abundant rainfall, the Bank said. The bank has kept its benchmark interest rate unchanged at 2.25 percent as […]
Dubai airline, Emirates, announced that it would operate its first ever commercial Airbus A380 flight to Casablanca. The iconic double decker 491-seat aircraft will operate daily flights to Morocco replacing the Boeing 777-300ER aircraft currently used on the Dubai-Casablanca route. The company said in a statement that the switch to A380 will offer a total […]
EU officials and media continue to voice concern over the threats of instability in Algeria, which braces for a political crisis marked by the opacity of the regime and disagreements on who will succeed the ailing President Bouteflika and an economic crisis triggered by shrinking oil revenues. “Europe should draw lessons from the tragedy in […]
Governor of Delaware, Jack Markell, will participate on Friday in the “Atlantic Dialogues” in Rabat, a conference on issues pertaining to Atlantic Ocean countries. The US governor will take part in a panel alongside with senior officials, business leaders, opinion shapers and the media from North and South America, Africa, Europe, and Asia. The three-day […]
Morocco was ranked third in Africa’s fastest growing reinsurance markets in the Africa Reinsurance Pulse 2016, an annual report issued by Schanz, Alms & Company. “Kenya, Nigeria and Morocco are the fastest growing reinsurance markets, driven by the size and diversity of their economies, a young and growing population and advanced regulatory regimes,” says the […]
Chinese Polytechnology company, specialized in defense equipment, which has been under fire in Africa and around the world for bribery and money laundering, will build a military and commercial port at the Mauritanian city of N’Diago, sitting on the bank of Senegal River, few miles from the Senegalese city of St. Louis, reports say. The […]
Tunisian authorities are on cloud nine as expectations for “Tunisia 2020” international forum seem to be met with 34 billion dinars investment including 15 billion dinars pledged through conventions. The two-day event was not like empty promises made in 2014. Youssef Chahed, country’s Prime Minister oversaw signings indicated Wednesday that Tunisia is back on the […]
Japanese leading financial paper, Nikkei Asian Review, highlighted the attractiveness of Morocco for foreign direct investment thanks to a conducive legal framework, developed infrastructure, skilled workforce and proximity to European markets. “Morocco is emerging as a vibrant hub for numerous industries, with a raft of global manufacturers operating and building factories in the country on […]
Portugal’s leading mold making company, Simoldes, is on course to launching construction works for its 70 million-dollar industrial plastics processing complex in Morocco to supply automakers in North Africa and beyond. The new plant will stretch over a surface area of 10 hectares with a potential to employ 3000 people. The complex will be producing […]
International credit rating agency, Fitch Ratings, highlighted Morocco’s stable and predictable economic policies, which are propitious for attracting investments and improving public finances by boosting growth and narrowing the budget deficit while withering external financial shocks. “GDP growth will recover to above 3% in 2017,” Fitch Ratings said in an analysis on its website in […]