First Independent Mena Newspaper
The city of Marrakech is undertaking a pioneering experience at the national level by introducing electrical busses to replace diesel ones in a bid to reduce pollution, noise and enhance urban transportation. After a delay of a year in launching the E-busses, tests are ongoing with the goal of officially operating the busses by the […]
“Disguised imports”. It is thus that critics have described Algeria’s policy to set up car assembly plants. Since 2012, Algeria has been trying to attract foreign investments by automotive giants in order to reduce its imports bill, but the results so far are disappointing. Indeed, the opening of a car assembly plant by Volkswagen in […]
As part of efforts of bringing renewable’s share in overall electricity generation to 52% by 2030, Morocco has earmarked 2.3 billion dollars to boosting the use of solar energy in agricultural production. This investment is meant to bolster the use of solar energy in water pumping and to curb the consumption of Butane gas, said […]
The technology group Wärtsilä of Finland will supply a 22 MW baseload power plant to Morocco’s state utility (ONEE) under an engineering, procurement and construction (EPC) contract. The main evaluation criterion for the project was the levelized cost of energy (LCOE) during an operating period of 20 years. LCOE measures the operating period costs divided […]
Morocco, which imports the majority of its fuel needs and spends 10-12 pc of its gross domestic product on energy bills, bets heavily on renewables to meet its rapidly growing demand and honor its international commitments to combat climate changes. But will this North African country turn into gas exporter? It seems that the British […]
Mohammed VI of Morocco is credited for the big turnaround of the country, which is now attracting visitors and investors due to its good governance, highlighted the UK-based economic news website, Born2Invest. In an article entitled “Business lessons from King Mohammed VI of Morocco,” Olivia Mccall writes that the Monarch transformed his country from a […]
A plan to set up financial incentives to attract more international filmmakers to Morocco was unveiled in Rabat with the aim of tripling investments by foreign producers in the Kingdom. Speaking at a conference, Director General of Morocco’s cinema center (CCM) Sarim Fassi Fihri underscored the plan’s beneficial impact on job creation notably in the […]
On October 26-27, the 15th “Maroc in Mode” exhibition will be held in Marrakech to showcase the country’s growing textile sector, said Drapers, a magazine specializing in fashion and retail. The exhibition, organized by the Moroccan Textile Organization in partnership with the Foreign Trade Department and Maroc Export, will take place at the Moulay Hassan […]
The Executive Board of the International Monetary Fund (IMF) completed on August 1 the second review under the Precautionary and Liquidity Line (PLL) Arrangement and reaffirmed Morocco’s continued qualification for the PLL and its sound economic fundamentals. In a statement on its website, the IMF underscores Morocco’s eligibility to PLL and praises the country for […]
After attracting large-scale investments by automotive giants such as Renault and Peugeot, Morocco is on its way to launch two plants by two other car manufacturers in a bid to reach its production goal of 1 million cars annually, highlights Automotive News, a news website specializing in the car industry. The website quotes an adviser […]