First Independent Mena Newspaper
BMCE Bank of Africa has signed a partnership agreement with China-Africa Business Council to support and facilitate the task of Chinese investors in Morocco and more broadly throughout Africa. The agreement was initialed on the sidelines of the just concluded China-Africa Summit held in Beijing (September 3-4) and the China-Africa Cooperation Forum in the private […]
Morocco has opted for the promotion of the manufacturing and use of generic drugs to expand health coverage from 63 pc to 90 pc by 2021 as the local pharmaceutical production enables the country to meet currently 60 of its needs. To prepare the legal grounds for this undertaking, a draft decree has already been […]
Morocco will launch next year Islamic Insurance (Takaful) after introducing in 2017 Islamic banking services, which are thriving in the Middle-East, Africa, Asia and some western countries, say local insurance experts. In July 2017, the Moroccan Government Council adopted a draft decree paving the way for implementation of the Takaful Law. Unlike the banking sector, […]
The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]
Moroccan security services announced on Thursday the arrest of three ISIS members who were operating in the cities of Tetouan (North) and Agadir (South). The arrest of the three individuals, aged between 25 and 26, was made by the special units of the central bureau of judicial investigation (BCIJ), dubbed Morocco’s FBI, said the Moroccan […]
A new Moroccan privacy rule will be enforced starting Sept.13 to protect personal data from online abusers and blackmailers, according to local press reports. Under the new regulation, anybody who ventures to publish photos and videos of people without their consent risk prison terms from six months to three years and fines going up to […]
Morocco plays “a leading role” in ensuring the stability, unity and development of the Arab world, said Wednesday the former Lebanese President, Amine Gemayel. Morocco has always worked for the development and unity of the Arab world and pleaded for its just causes before major international bodies, former Lebanese President Amine Gemayel said. The former […]
After launching its first reconnaissance satellite on November 8th 2017, Morocco is preparing to launch its second one by the end of the year, according to local press reports. The 2nd satellite, like the first, is built by Airbus defense & Space Company. It will be launched next November from the European space port of […]
The Kenitra Peugeot plant will double its production capacity by 2020, said a PSA Group management source during a site visit organized by the Ministry of Industry. The PSA Automotive Group intends to double its production capacity at its Kenitra plant. This decision follows the first results achieved so far, the source said, describing these […]
Several Chinese businessmen have discussed in Beijing with Head of Moroccan Government Saadeddine El Othmani their investment projects set for the North African country and reviewed ways to facilitate their implementation to help create jobs within the frame of a “win-win partnership”. The Chinese entrepreneurs met El Othmani on Monday on the sidelines of the […]