First Independent Mena Newspaper
The Moroccan Attijariwafa Bank Wednesday received international accolades as it was named top 2016 African Bank by peers at a ceremony in Lusaka, Zambia. More than 500 dignitaries made of business people and political figures from 24 countries acknowledged the work of the Moroccan institution, which is also ranked as the country’s leading bank. The […]
American aeronautic group Alcoa (Aluminum Company of America) launched, via its branch Alcoa Fastening Systems, a plant in Casablanca as part of its expansion program in Morocco. The new plant, named Alcoa Fixations Casablanca, required a €5.4 million investment. It covers a total surface of 6,300 square meters. The new site is located at Casablanca […]
Doha proposed the organization of an international conference to relaunch Tunisia’s battered economy, which has been affected since the 2011 revolution. The proposal was made on Wednesday by Emir Tamim Ben Hamad Al Thani during during talks with visiting Tunisian President Caid Essebsi. President Essebsi welcomed the announcement and thanked the Qatari Emir Tamim Ben […]
Tunisia’s economy will witness little growth this year (2 per cent) and next year (3.5 per cent) with tourism and agriculture sectors still in difficult situations, the Central Bank announced. The Central Bank’s report indicates that contrary to 2015 marked by a growth rate estimated below 1 per cent, hitting nearly 0 per cent, Tunisia […]
American Hexcel Tuesday entered the Moroccan aeronautic market breaking ground on a new engineered core facility in MidParc Free Trade Zone Industrial Park in Casablanca, Morocco with an investment of $20 million. When fully operational in 2017, the facility will convert HexWeb® honeycomb materials into engineered core parts that are used for structural reinforcement and […]
Qatar Airways is eyeing to acquire shares at the Moroccan carrier Royal Air Maroc (RAM) to strengthen its presence on the African continent, reports say. Baker El Baker, Managing Director of Qatar Airways has reportedly said that his company would move forward to acquire between 25 and 49 per cent of RAM’s capital. “A cooperation […]
Deputy Crown Prince Mohammed bin Salman announced Monday a large-scale reform plan dubbed Vision 2030 meant to restructure the kingdom’s economy and ministerial departments, reform the educational system, and give long term residency permits to foreigners, among others. Yet, the most outstanding announcement he made is the creation of a $2 trillion Sovereign Wealth Fund […]
IMF’s economic predictions for Algeria augur no growth for 2016 while forecast for 2017 signals further slump in the country’s economy with GDP expected to go down to 2.9 per cent, with payment balance estimated at 16.2 per cent of the GDP. 2016 predictions for growth of the Algerian economy according to the International Monetary […]
Hundreds of Moroccan and American business people are meeting in the Moroccan capital as of this Tuesday to participate in the Business Development Conference, established to foster economic exchanges between the two countries. This private sector complement to the third Morocco-US Strategic Dialogue, launched since 2012, will focus on renewable energy, manufacturing, automotive industry and […]
King Mohammed VI launched Friday in Rabat a new structural project of car-manufacturer Renault group in Morocco called “Renault Ecosystem.” The project, meant to consolidate the positioning of the Moroccan automotive sector on the world chessboard, requires an investment of about $1.0 billion and will develop a global supply platform for the manufacturer. The sovereign […]