First Independent Mena Newspaper
Morocco is set to increase its defense budget in support of the modernization process of its armed forces with a view of becoming Africa’s leading military power, Strategic Defence Intelligence said in a report. The report dubbed, “The Future of the Moroccan Defence Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022,” underscores that […]
Morocco and Ghana opened a new chapter in their bilateral ties with the signing of 25 cooperation agreements during a ceremony chaired by King Mohammed VI who is currently paying an official visit to Ghana and Ghanaian President Nana Akufo-Addo. Five of the agreements were signed between the two governments to promote bilateral cooperation […]
Moroccan authorities recovered a stolen 17th century Baroque Italian painting worth up to six million euros and informed Italian authorities. Italian paper Gazzetta di Modena reported that the painting by Giovanni Francesco, known as Guercino, had been stolen from a church in the northern Italian city of Modena in 2014. It could have been recovered […]
Morocco’s economic capital, Casablanca, has been ranked second African city to house the largest number of billionaires by Forbes Africa Magazine in its 2017 ranking of African billionaires. The city comes right behind the Kenyan capital Nairobi, which has toppled the South African capital Johannesburg. Casablanca, according to the famous magazine, is home to 5,000 […]
The kingdom has emerged as the leading African fish producing country and 25th in the world. The announcement was made by the kingdom’s National Bureau of fishing (ONP) on the sidelines of the 4th International Fisheries Fair Halieutis in Agadir, local media leconomiste.com reports. The kingdom caps the ranking with over one ton of fish […]
Chariot Oil & Gas announced that it received a 75% stake of the Kenitra offshore exploration permit which together with the neighboring offshore exploration in Mohammedia could contain more than 1 billion barrel. The UK company said its subsidiary Chariot Oil & Gas Investment (Morocco) will carry out the exploration in partnership with Morocco’s Office […]
In an effort to diversify the visitor source market, Morocco is launching a charm offensive to attract African tourist to the Kingdom with the opening of a branch of Morocco’s tourism promotion office (ONMT) in Senegal’s capital, Dakar. The office in Dakar is the first in an African country in line with the momentum that […]
Director of the International Monetary Fund Christine Lagarde lauded Morocco for the efforts it undertook to restructure its economy. In an interview with weekly magazine, Jeune Afrique, Lagarde said Morocco is leading successful restructuring of its economy without depending on oil or agricultural commodities. She recalled that the credibility of Morocco’s reform earned it an […]
Qatar Petroleum (QP) said it will lead exploration projects of oil and gas in Morocco and Cyprus as it seeks to compensate for sluggish growth at home by expanding its liquefied natural gas (LNG) assets abroad. “You will see us going internationally with some of the partners we have in Qatar, this year and next […]
US magazine Newsweek highlighted that Morocco’s readmission to the African Union offers an opportunity to further boost trade with African countries. The magazine notes that on the economic front Morocco’s return to the AU will enable it to “benefit from intra-African trade regions to the same extent as other countries.” Membership in the continental bloc […]