First Independent Mena Newspaper
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
Morocco was listed among the least indebted countries in Africa in a report issued on July 21 by the United Nations Conference on trade and Development (UNCTAD.) The document, dubbed Economic Development in Africa Report 2016, highlights the sustainability of Morocco’s external debt and the viability of its investments in comparison to other countries in […]
Chinese carmaker Yang Tze will establish a factory to produce electrical cars and busses near Tangier for a total investment of 1 billion dirhams ($101.6 million.) This was announced by the Chinese group’s CEO Wu Tian CAI following a meeting in Tangier with the President of the Tangier-Tetuan- Alhuceima region, Ilyas EL Omari. The new […]
Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]
Canada’s auto parts manufacturer Linamar Corp. is building a US $280 million plant in Morocco wherein car industry is thriving, becoming a leading export sector, attracting more & more foreign investors. Linamar’s plant is destined to supply engine parts to the new Peugeot factory before expanding to new plants that should open soon in Morocco. […]
The number of passengers at Mohammed V airport in Casablanca have grown by 4.47% in May compared to the same period last year, the national airport office (ONDA) said. Figures issued by the same office show that 707,790 travelers used the airport in May compared to 677,514 the same period a year earlier. Passengers on […]
Qatar has widened the gap with its competitors over the supply of Liquified Natural Gas (LNG) to Morocco after the Kingdom’s government council adopted a memorandum of understanding in this regards. The memorandum of understanding, signed during the 6th High Joint Moroccan-Qatari Commission in Doha last April, provides for bilateral cooperation in the fields of […]
Qatar Airways will be operating three flights a week from Doha to Marrakech, adding the Red City to its global destinations, Qatar’s flag carrier said in a statement on its website. The inaugural flight, QR1395, landed in Marrakech Menara airport last Friday opening up the city to 150 air routes operated by Qatar Airways through […]
Nouakchott and Dakar have come to an agreement to work jointly and share returns of gas production off their coasts by the American energy company, Kosmos, reports say. Presidents of both countries have reportedly given instructions to their respective energy companies; Petrosen in Senegal and Smhpm of Mauritania to continue working with the American giant […]
The Kingdom of Morocco will launch production of its locally made electric buses next year, Head of the country’s Energy investment Company (SIE,) a key actor in the project, reveals. The project falls into the Kingdom’s promotion of the transports facility policy, says Ahmed Baroudi. “The industrial project aims at producing last generation of (Ultra-Light) […]