First Independent Mena Newspaper
Morocco’s central bank (Bank Al-Maghrib ) has agreed to extend its investment agreement for the benefit of the Poverty Reduction and Growth Trust (PRGT) until 2022 in support of IMF’s concessional lending to low-income member countries. The International Monetary Fund (IMF), as Trustee of PRGT, has amended its 2012 investment agreement with Bank Al-Maghrib, through […]
Moroccan security services dismantled a terrorist cell in Fez comprising 11 members pledging allegiance to IS. The Central Bureau for Judicial Investigations (BCIJ) dismantled the “”extremely dangerous terrorist” cell whose members were plotting attacks on “sensitive areas” in a scheme to undermine the security and stability of the Kingdom, the Interior Ministry said in a […]
Morocco and the China Association for Industrial Cooperation (CAIC) have agreed to set up an economic zone in Fez offering a platform for various industries. The deal is reflective of China’s increasing interest in Morocco notably after the Kingdom signed with China’s Haite Group an agreement to set up a $10 billion industry and technology […]
A museum dedicated to the fashion house celebrating the works of great French designer Yves Saint Laurent has been inaugurated in Marrakach, the Red City that had such a strong influence on him. The museum, inaugurated Saturday by Princess Lalla Salma, the spouse of King Mohammed VI, is located on Yves Saint Laurent Street near […]
King Mohammed VI has deplored the exclusion and unemployment affecting many youths, pointing out that the progress witnessed in Morocco does not benefit all citizens, especially young people, who account for more than a third of the population and who should be seen as the engine of growth. “Despite the efforts made, I do not […]
King Mohammed VI announced that Morocco will create a new ministerial department at the Ministry of Foreign Affairs and International Cooperation in charge of African affairs. The King who announced the decision at a speech marking the opening session of the new legislative year said that the new African affairs department will be tasked, […]
King Mohammed VI has called on the government, Parliament and all the institutions concerned to review the country’s development model to keep abreast of the rapid changes unfolding in the North African Kingdom. In a speech he delivered Friday (Oct.13) before members of the Parliament’s two Houses, the Moroccan Sovereign said such an overhaul has […]
The new personal envoy of the UN Secretary General for the Sahara, Horst Köhler, will be visiting Tindouf on October 18-19, reported the Moroccan news portal le360 on Friday. The announcement was made by the Polisario Front, said the portal, adding that the UN Official is also expected in Rabat, Algiers and Nouakchott. Horst Köhler, […]
Hamid Chabar has been officially accredited as Morocco’s new ambassador to Mauritania. The announcement was made Thursday by the Mauritanian Government’s spokesperson and Minister of Culture Mohamed Lemine Ould Cheikh. Hamid Chabar officially received the approval of the Nouakchott authorities, the spokesperson said, hailing Mauritanian-Moroccan relations as “excellent” and stressing that these relations “are governed […]
IMF Managing Director, Christine Lagarde, commended Morocco for the “genuine” budgetary and sectoral reforms it has undertaken to balance its finances. The IMF head told the press on the sidelines of the annual meetings of the IMF and the World Bank that Morocco has used its credit line to carry out fiscal and structural reforms. […]