First Independent Mena Newspaper
Morocco issued on Thursday an international bond worth 1 billion Euros, the finance ministry said, noting the success of the sovereign notes sales as demand hit €5.3 billion. The bond has a maturity of 12 years and an interest rate of 1.5% as Morocco tapped the international market at a very propitious time benefiting for […]
The death of Iván Roberto Duque, aka Ernesto Baez, a Colombian warlord with links to drug trafficking networks, exposed deals between the Polisario separatist group and drug barons in Medellin worth millions of dollars. After the passing away of Ernesto Baez, some of his companions could finally freely express their minds. A relative of Baez […]
Moroccan security services have announced the arrest of five drug traffickers near the southern city of Tan-Tan and the seizure of 2 Kalashnikovs, 48 bullets, 2 hunting rifles loaded with 8 rounds, as well as 3 bikes. According to a press release issued by the General Directorate of National Security (DGSN), the preliminary investigation showed […]
Morocco’s phosphates and fertilizers company OCP was awarded for the second year in a row the International Fertilizer Association’s 2019 Industry Stewardship Gold Medal in recognition for the Group’s commitment to safety and sustainable development. “The OCP Group has implemented substantial efforts and resources to respect the best safety standards, based on anticipation, risk prevention […]
Egyptian security forces in plain clothes arrested earlier this week a football fan in a stadium in Cairo for flying the Palestinian flag during a match between Egyptian and South African Olympic teams. The move caused outrage on social media and in the stadium. Ahmed Elbaqry, a former vice president of the Egyptian students’ union, […]
Morocco is filling the gap in terms of offensive air capabilities with the acquisition of 36 mighty Apache helicopters and related equipment for a total cost of 4.25 billion dollars. Previously announced by the US Defense Security Cooperation Agency (DSCA) on 20 November, the deal was green lighted by the US Department of state describing […]
Morocco is determined to speed up its transition to a low-carbon economy with the signing lately of new contracts for the building of a 300 megawatt wind farm in the southern province of Boujdour. The contracts of the wind farm to cost over €375 million were inked by the state-run electricity & water company (ONEE), […]
The French automotive company “Sealynx automotive Morocco”, a subsidiary of Sealynx International (GMD group), inaugurated, Wednesday in Tangier, a new production unit specialized in the manufacturing of automotive gaskets. The plant that required a total investment of nearly MAD 240 million aims to meet the growing demand of locally established car manufacturers, including Renault and […]
Los Angeles declared November 19 a Day to celebrate Morocco in tribute for the country’s centuries-old traditions of coexistence under the reign of a “Dynasty of Tolerance.” A gala dinner was chaired in this respect by Princess Lalla Hasnaa, sister of King Mohammed VI, after the Moroccan Alaouite monarchy was declared a “Dynasty of Tolerance” […]
Morocco’s high-speed train link between Casablanca and Tangier has proved skeptics wrong as it attracted 2.5 million people in a year after its launch, head of state-owned rail operator ONCF Mohamed Rabii Lakhlie said, noting that basic rail service has been used by 15 million passengers in a year. ONCF said the high-speed connection is […]