First Independent Mena Newspaper
Qatar National Bank (QNB) has petitioned a U.S. federal court to enforce a $1.02 billion arbitration award against South Sudan, stemming from an unpaid wartime loan originally intended to stabilize the fledgling nation’s economy. Filed in the U.S. District Court for the District of Columbia, QNB’s request asks the court to treat the International Centre […]
The first Global South Economic Forum (GSEF) convened this week in Abu Dhabi, gathering over 100 delegates from more than 20 developing nations to chart a path toward a more equitable global economic system. Held alongside the G7 Summit, the forum aimed to amplify the voice of the Global South amid shifting geopolitical and economic […]
Bank Al-Maghrib (BAM) and the International Finance Corporation (IFC) signed a partnership deal on Wednesday, June 18, in Rabat, meant to achieve two key objectives: improving the resilience of agricultural operations and fostering inclusive and sustainable growth. According to a joint press release, this partnership reflects the shared ambition of both institutions to promote an […]
Moroccan Ynna Holding of Chaabi group has joined efforts with Emirati Amea Power Company for the building of 100 MW wind power farm in the Moroccan Saharan Laayoune-Sakia El Hamra region. This project is part of Morocco’s national goal of generating over 52% of its electricity from renewable sources by 2030. It will also help […]
The European Bank for Reconstruction and Development has pledged continued support for Morocco’s ambitious sustainable infrastructure plans ahead of the 2030 FIFA World Cup, emphasizing governance, inclusion, and climate adaptation as key pillars of development. Speaking at the “2030 World Cup, World Climate” event at Mohammed VI Polytechnic University in Rabat, EBRD Vice-President Mark Bowman […]
Morocco expressed commitment to making the 2030 FIFA World Cup a global benchmark for environmental sustainability and social inclusion, head of the tournament’s organizing committee Fouzi Lekjaa said. The World Cup, to be co-hosted with Spain and Portugal, is being described as a “Green World Cup,” he told a conference at the Mohammed VI Polytechnic […]
Morocco’s African policy, which is based on solidarity-based “win-win” partnership, is delivering positive results and ensuring food security to African countries in a world rocked by uncertainties and spike of global food prices. Morocco controls 70 % of the world’s phosphate reserves, the key ingredient in fertilizers that Africa desperately needs, said a report published […]
Morocco is reportedly seeking a re-negotiation of its free trade agreement with Turkey as it seeks more Turkish investments to compensate for an expanding trade deficit, minister delegate in charge of foreign trade Omar Hjira said. The trade deficit with Turkey soared to 3 billion dollars, driven by fabric imports by Morocco’s textile sector. The […]
Sudan’s Central Bureau of Statistics has reported a modest easing in the country’s annual inflation rate, which stood at 142.82% in May, down slightly from the previous month. Urban inflation dipped marginally to 146.30%, while rural areas experienced a more pronounced drop to 141.84% from 163.73%. Although the national rate remains alarmingly high, the overall […]
Morocco’s tourism sector has attracted a record 7.2 million tourists up to May, recording a 22% growth compared to the same period last year and up 68% compared with the pre-Covid reference year of 2019. The increase meant an additional 1.3 million tourists, as Morocco prepares to break a new record this year both in […]