First Independent Mena Newspaper
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 […]
Morocco tops North African countries in terms of the ease of doing business says the World Bank in its 2017 Doing Business Report. The report ranked Morocco 68th globally in a list of 190 countries, third in Africa and 4th in the MENA region. The report shows that the reforms launched by Morocco over the […]
Morocco’s foreign exchange reserves rose 16.1% compared to the same period last year, the Central bank, Bank Al Maghreb said. By October 14, Morocco’s foreign exchange reserves stood at 250.1 billion dirhams up from 248.9 billion dirhams registered in the first week of September, the central bank said in its weekly statistics. This improvement of […]
The Algerian economy has been heavily battered by the slump in oil prices evoking the catastrophic events of the late 1980s which plunged the country into a spiral of a decade of violence, said a new study entitled, The Impact of Low Oil Prices on Algeria, published by the Center on Global Energy Policy. The […]
Bombardier, Canadian multinational aerospace and transportation company, is set to invest in a rail industry cluster in Morocco that will serve as a hub for boosting exports to the African market. The announcement was made by the Chairman of the Moroccan branch of Bombardier Transport, Taoufiq Boussaid, who stressed the pertinence of the new investment […]
Jane Kinninmont, the deputy head of the Middle East and North Africa program at the Chatham House think tank said that the UK should build on the Brexit in order to boost ties with the MENA region especially, Morocco and Tunisia. “The UK’s departure from the EU posed potential economic opportunities for countries such as […]
Moroccan bank BMCE Bank of Africa and its leasing subsidiary Maghrebail received a €35 million loan granted by the European Bank for Reconstruction and Development (EBRD), Agence Française de Développement (AFD) and the European Investment Bank (EIB). The three financial institutions are teaming up to strengthen sustainable energy measures in Morocco, with the support of […]
The contribution of the tourism sector in Morocco’s GDP stood at 63.7 billion dirhams in 2015 compared to 61.9 billion dirhams in 2014, that is a 2.8% rise that brought the share of the sector in the overall GDP to 6.5%, the national statistics office (HCP) said. Prospects for growth in 2016 have been slightly […]