First Independent Mena Newspaper
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 […]
Spanish Prime Minister Pedro Sanchez expressed satisfaction at his country’s cooperation with Morocco, which he described as a “key partner” in addressing migration challenges. “Morocco is a safe country with whom we are cooperating at different levels including most obviously migration,” Sanchez said in a statement to radio Cadena Ser. The Spanish PM said that […]
The Moroccan regions of Casablanca-Settat, Rabat-Salé-Kénitra and Tanger-Tétouan-Al Hoceima accounted for 58.2 % of Morocco’s GDP in 2016, Morocco’s statistics authority, HCP, said. Four other regions accounted for 30.1% of overall GDP with Fez-Meknes taking 9%, Marrakech-Safi 8.8%, Souss-Massa (6,7%) and Beni Mellal Khenifra (5.6%). The three regions represented 32%, 16% and 10,2% respectively. Such […]