First Independent Mena Newspaper
The Africa Cup of Nations 2025 is proving to be more than a sporting spectacle for Morocco, with projected economic benefits reaching 12 billion dirhams (about $1.2 billion), the tournament is acting as a powerful engine for growth, Moroccan media said. Between 600,000 and one million visitors have joined the host cities, driving unprecedented demand […]
Mohammed V airport has reached an unprecedented milestone, welcoming more than 11 million passengers for the first time, the country’s airport authority ONDA said. This record, achieved this week, reflects the exceptional influx linked to the Africa Cup of Nations (CAN) 2025, which has driven a surge in international travel as supporters, official delegations, and […]
Morocco’s financial system continues strengthening its fundamentals, with banking and insurance sectors demonstrating robust performance, according to the Committee for Coordination and Supervision of Systemic Risks following its twenty-second session Tuesday at Bank Al-Maghrib headquarters. The banking sector recorded substantial profitability gains alongside reinforced solvency. Net income on a standalone basis increased 25% year-on-year through […]
The Central Bank of Egypt (CBE), on Thursday, 25 December, announced a 100-basis-point reduction in its key interest rates, marking its fifth rate cut this year as policymakers respond to easing inflationary pressures. In a statement, the CBE said its Monetary Policy Committee lowered the deposit rate to 20 percent, the lending rate to 21 […]
The revival of the Lobito Corridor, a 1,300 km railway linking Zambia’s copper belt to Angola’s Atlantic coast, captures a profound change in Europe’s approach to Africa from development aid to transnationalism. Once a colonial-era route for mineral extraction, the line is now the centerpiece of the EU’s 2 billion euro investment under its Global […]
The first batch of WhAP 8×8 armored vehicles produced by India’s Tata Advanced Systems’ plant in Morocco has been delivered to Morocco’s Royal Armed Forces (FAR), marking what the Indian defense group calls “a major milestone” in its strategic partnership with the Kingdom. The vehicles are produced under the “Made in Morocco” label, reinforcing Morocco’s […]
Chinese Sunrise Group has launched a major textile project in the Moroccan city of Fez which will host the 20-ha factory complex, including yarn spinning, weaving, dyeing, printing, and ready-to-wear garment manufacturing. This facility, spearheaded by Sunrise subsidiary Euwen Textiles, will use renewable energy and water recycling systems. It is expected to create around 3,000 […]
Morocco is advancing its direct social support system through enhanced data analytics and precision targeting, moving beyond category-based assistance toward household-specific assessments as authorities secure long-term funding for one of the nation’s largest social protection initiatives. Government officials detailed the program’s evolution in November parliamentary responses, outlining how the National Agency for Social Support implements […]
Morocco’s insurance industry continues demonstrating robust fundamentals, with premiums reaching 53.6 billion dirhams by October 2025, representing an 8.1% year-on-year increase, according to the Committee for Coordination and Supervision of Systemic Risks. The committee, which convened Tuesday at Bank Al-Maghrib headquarters in Rabat for its twenty-second session, reported growth across both major segments. Non-life insurance […]
The U.S. government has decided to impose 127 % anti-dumping (AD) & Countervailing duties (CVD) on imports of steel concrete reinforcing bar (rebar) from Algeria, accused of subsidizing its steel sold in the United States at less than fair value (LTFV). An anti-dumping and Countervailing duties are imposed by Washington on unfairly priced imports to […]