First Independent Mena Newspaper
Morocco’s competition council will unveil this week a heavy fine against fuel distributors that amount to 10% of their turnover for uncompetitive practices, local Moroccan media reported. Citing a source close to the matter, le360.ma said the fine could amount to 4 billion dirhams ($400 million). The council’s board will meet on Thursday to make […]
Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Morocco has offered propitious conditions for car manufacturers and part suppliers in key industrial clusters in Tangier, Casablanca and Kenitra. Building on its investments in low-carbon economy […]
The advent of the coronavirus pandemic has exposed European manufacturers to the risk of over-reliance on China’s supply where many firms were tempted by low production costs and skills. Morocco Stands to benefit from this restructuring, building on its competitive assets, infrastructure, competitive wages and skilled workforce, the Oxford Business Group and a DW report […]
The coronavirus outbreak has caused a surge in spending and a drop in revenues for state coffers pushing the government to review the targets and spending schemes under the 2020 budget while maintaining priority for social spending. The administration has adopted austerity measures to reduce unnecessary spending saving some $200 million that was scheduled for […]
The agility of the Moroccan private sector in adapting its production chain to respond to the Covid-19 pandemic was highlighted in a recent report by the Oxford Business Group, which stressed Morocco’s “significant strides” in diversifying and strengthening its economy and industry. The London-based institute commends Morocco for its early and swift response and for […]
The Taxpayer’s Association of Europe, a federation of 29 national taxpayers’ associations throughout Europe, mustering more than one million members, has called on the European Union to investigate the misappropriation by Algeria and Polisario of the humanitarian aid sent to the Tindouf camps. The call was made by Director of the Brussels office of the […]
The department in charge of cyber security, an offshoot of the defense administration, rejected Amnesty’s allegations about a Moroccan journalist being snooped on by an Israeli software saying that Morocco has a national cyber security strategy. In an article on Arabic speaking Al Ahdath daily, the administration recalled that Amnesty fell short of presenting hard […]
All activities, festivities and ceremonies planned on the occasion of Throne Day, marking this year the 21st anniversary of the accession of King Mohammed VI to the Throne have been postponed due to the state of health emergency decreed to limit the spread of the coronavirus pandemic. The announcement came in a statement released Tuesday […]
The Moroccan government has underlined the progress made towards achieving the 17 Sustainable Development Goals (SDGs), a roadmap set by the international community for building a better and more sustainable future for all by 2030. Rabat has pledged to achieve the SDGs, which aim to end poverty, protect the planet, create job opportunity for youth, […]
Morocco has taken one step ahead to lay the legal foundation for the launch of its domestic military industry after the latest Council of Ministers, chaired by King Mohammed VI, approved a draft decree to that end. The decree enables licenses for the setting up of plants to manufacture weapons, ammunition, and military and security […]