First Independent Mena Newspaper
The production of the millionth car by the Tangier Renault plant marks the success of a unique public-private partnership putting Morocco on the map of the global automotive industry, said Industry and Investment Minister, Moulay Hafid Elalamy. Speaking Monday at a press conference on the occasion of the celebration of the export of the millionth […]
Morocco’s macroeconomic policies and performance remained sound, despite volatility in agricultural output and elevated external risks, says a statement issued by the International Monetary Fund. “The Moroccan authorities remain committed to important fiscal, financial and structural reforms, which should strengthen the economy’s resilience to external shocks and support higher, more inclusive growth”, adds the statement […]
Morocco registered a trade surplus in its trade with Sub-Saharan Africa, which jumped from 1.3 billion dirhams in 2008 to 11.9 in 2016, said Morocco’s Foreign Exchange Office. Morocco’s trade with Sub-Saharan African countries posted a steady growth averaging 9.1% during the 2008-2016 period, said the Office in a report on trade between Sub-Saharan Africa […]
Leading Moroccan businesswoman and president of the Moroccan Confederation of Businesses (CGEM), Meriem Chaqroun Bensaleh, took the stage at the G20 Summit in Hambourg along with Global business leaders at the launch event of the Women’s Entrepreneur Finance Initiative (We-Fi), a World Bank facility focused on promoting women’s entrepreneurship in developing countries. Invited by the […]
UK Sound Energy Company has reported success in its operations carried out in Koba-1 well at Sidi Moktar, onshore in Morocco. The company engineers have successfully re-entered, completed, perforated and flared gas at surface from the Argovian reservoir (historically the main producing reservoir in the Kechoula discovery). A five meter interval was perforated in the […]
CMA CGM, a world leader in maritime transport, has launched a new service linking Morocco to several West African countries, including Côte d’Ivoire, Ghana, Benin and Liberia. By launching this new shipping line, the French group, Compagnie Maritime d’Affrètement-Compagnie Générale Maritime (CMA CGM), supports the North African Kingdom’s economic development and revs up the commercial […]
Would-be migrants are increasingly avoiding passing through conflict-wracked Libya on their treacherous sea journey to Europe in favor of the more peaceful and closer western Mediterranean route between Morocco and Spain. The UN Refugee Agency has warned Spain to prepare for an upcoming surge in migrant arrivals as the number of mostly sub-Saharans who made […]
The European Investment Bank has granted a loan of €70 million to the Fez-based Euromed University for the construction and the equipment of a campus. An agreement was signed by officials from the Bank and the University last week to bolster the finances of the Euro-Mediterranean Institute, whose honorary Chairman is King Mohammed VI. Over […]
For the third time in a year, French justice has condemned the self-proclaimed kick boxing champion Zakaria Moumni for defamation against the Moroccan king’s private secretary, Mounir El Majidi. Last Wednesday (July 5), the 17th Civil Chamber of the Paris High Court sentenced Zakaria Moumni for defamation in the lawsuit brought against him by Mounir […]
Morocco stands as a model in the MENA region when it comes to promoting green growth, said Climate Tracker, the world’s leading climate journalism portal, in an article entitled “Climate Change Threatens Uninhabitable Conditions for the Middle East and North Africa.” “Morocco has been a good example,” wrote Lina Yassin on Climate Tracker highlighting that […]