First Independent Mena Newspaper
The Spanish government’s support to Morocco’s Autonomy Plan for the Sahara, as being “the most serious, realistic and credible basis” for the settlement of the conflict, “falls within the framework of the United Nations”, said Josep Borrell, EU High Representative for Foreign Affairs. “The position of Spain, which has opted to support the autonomy proposed […]
Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]
Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]
Morocco and the International Energy Agency (IEA) have signed a new cooperation program focusing on energy efficiency, energy security and climate resilience. Under the 2022-2023 program, signed in Paris by minister of Energy Transition & Sustainable Development Leila Benali and IEA Executive Director Fatih Birol, the agency pledges to support Morocco’s decarbonisation program, deployment of […]
Morocco and Israel signed a partnership agreement that will help attract investments by Israeli civilian and defense aerospace giant IAI’s. The deal was signed in Rabat by industry minister Ryad Mezzour and head of IAI’s Amir Peretz. “This is a strategic partnership…that paves the way for a win-win aerospace industrial cooperation,” said Mezzour, adding that […]
By backing the Moroccan autonomy initiative as “the most serious, realistic and credible basis for resolving the dispute” over the Sahara, Spain wants to contribute to resolving this issue that has lasted too long, Spanish Foreign Minister, José Manuel Albares said on Tuesday. This decision aims to “contribute to ending a conflict that has lasted […]
Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]
Ex-Tunisian President Moncef Marzouki Tuesday indicated that there is currently a plan for a coup d’état to ouster incumbent leader Kais Saied, without providing further details about the plotters. “A decision to remove Kais Saied by a coup d’état is already taken, and his replacement is ready,” he said during a video conference of parties […]
The new Libyan Prime Minister Fathi Bashagha banned on Tuesday implementation of any decrees or instructions issued by the outgoing Government of National Unity (GNU), led by Abdul Hamid Dbeibeh, Libya Update reports. The former interior minister addressed a letter to the heads of institutions, departments, bodies, agencies, public companies, state-owned commercial companies, and mayors […]
Upon the high instructions of King Mohammed VI, Supreme Commander and Chief of General Staff of the Royal Armed Forces, a Moroccan-French joint air-land exercise dubbed “Chergui 2022” is underway in the region of Errachidia. The planning of this exercise, running from March 1 through 25, has been jointly conducted by the military officials of […]