First Independent Mena Newspaper
Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to […]
Remittances of Moroccans living abroad, one of the main source of foreign exchange reserves in Morocco, grew by 4% in the first eleven months of 2017 to stand at 60.2 billion dirhams ($6.5 bln), while FDI flow in the country grew by 13.2% to 21.8 billion dirhams over the same period compared to 19.3 billion […]
Bahrain’s Islamic Bank, Al Tamweel wa Inma (BTI) Bank, which opened lately its headquarters in Casablanca, looks forward to setting 37 branches by 2022 in various cities of Mo-rocco. The BTI Bank has been launched following the partnership sealed by Al Baraka Banking Group (ABG), the leading multi-national Islamic Banking Group, headquartered in Bahrain, and […]
Marrakech closed 2017 with a record number of 2 million tourists and 7 million nights. Figures released by the regional tourism center show that tourists visiting the Red city increased 20% in 2017 while registered nights grew 18% compared to last year. German tourists visiting Morocco’s first tourist hub rose by 56% followed by the […]
Morocco was ranked first in North Africa and third in the continent in the Global Knowledge Index (GKI), co-established by the United Nations Development Program (UNDP) and Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF). The GKI aims at measuring knowledge as a broad concept that is intricately related to all aspects of modern human […]
Local farmers in the Souss region are financially contributing to the building of the world’s biggest water desalination plant whose water will help irrigate the plains of Chtouka. The farmers are contributing €1000 (10,000 dh) per each hectare in an unprecedented success story of the public-private partnership in Morocco, local media reported. The contributions will […]
Africa’s first high speed train will be launched in Morocco in 2018 after conducting one last test next February, state-owned railway operator ONCF said. The latest tests were staged successfully at a speed of 320 km per hour earlier this week, ONCF said in a statement. The over 2 billion-dollar project has been in development […]
Abu Dhabi’s National Oil Company (ADNOC) and Morocco’s state-owned phosphates company (OCP) signed a sulphur supply agreement covering 25 years. Under the agreement, ADNOC will increase the volume of sulphur exports to the OCP up from 2 million tons in 2016. ADNOC, one of the world’s largest sulphur producers, sees promising prospects for raising sulphur […]
Algerian government mouthpiece, Algeria Press Service, and other pro-separatist websites have been inflating news regarding military exercises by the Polisario separatists, east of the berm in the region of Aouserd, as a sign of the militias’ readiness and capacity to wage war against Morocco. Following the diplomatic setbacks it has received- whether at the UN, […]
Aeronautics is a key component of Morocco’s Industrial Acceleration Plan. The sector aims to generate a turnover of 2.8 billion dollars and create 23,000 jobs by 2020. The figures were announced by Industry Minister Moulay Hafid El Alamy in a statement to local media saying that the goals set for the aeronautics sector include reaching […]