First Independent Mena Newspaper
Morocco’s leading banking group, Attijariwafa bank, has submitted a bid to take over British Barclay’s Egypt branch, a source close to the Moroccan institution told Reuters. The transaction has been estimated at $400 million. Barclay has decided to get rid of its Egypt’s branch as part of structural adjustment policy in a move to generate […]
Morocco and Sweden are mending their strained relations after a row over a failed attempt last year in Stockholm to recognize the Algerian-based auto-proclaimed SADR republic. In a sign of easing tensions between the two countries, Swedish Foreign Minister, Margot Wallström, who is visiting Morocco, met on Wednesday her Moroccan counterpart Salaheddine Mezouar to discuss […]
Moroccan authorities have announced this Wednesday the arrest of another terrorist cell composed of three members who were planning to carry out attacks in several cities in the North African kingdom. The terrorists were nabbed in the cities of Oujda, Casablanca and Fez by the special units of Morocco’s Bureau of Central Judicial Investigations (equivalent […]
Morocco is set to diversify its global partners with the recent joining of the Treaty of Amity and Cooperation (TAC) of the Association of Southeast Asian Nations (ASEAN.) The Moroccan Minister Delegate to the Minister of Foreign Affairs and Cooperation, Nasser Bourita, signed the ASEAN accession document on the side-lines of the 28th and 29th […]
Climate change is expected to severely impact the MENA region and tackling climate change is therefore a key priority both for the Mediterranean countries’ governments and for their international partners. After the historic agreement reached in Paris last November and in the run-up to the COP 22 in Marrakech, the European investment bank organizes sept.8th […]
The regions of Casablanca-Settat and Rabat-Salé-Kénitra continue to drive the Moroccan economy making up 48.3% of Morocco’s GDP in 2014, the Higher Planning Commission (HCP) said. The region of Casablanca-Settat accounted for 32% of Morocco’s GDP followed by Rabat-Salé-Kénitra by 16.3%. Five other regions produced 40.3% of Morocco’s GDP. These regions are Tangier-Tétouan-Al Hoceima (9.4%), […]
The U.S. Agency for International Development (USAID) has announced support for a research in Morocco on the integration of solar energy microgrid into ‘smart buildings’ in partnership with National Instruments. The Moroccan solar energy research is among the 49 final projects selected by the USAID Global Development Lab from over 650 worldwide scientific proposals. The […]
The means to boost bilateral trade between Morocco and Russia will be on top of the agenda of an economic forum in Agadir on September 15 between businessmen from the two countries. In this respect, about 40 Russian businessmen will be attending the event which aims at boosting Russian-Moroccan cooperation in fields pertaining to trade, […]
Morocco, host country of the 22nd UN conference on climate change (COP22), will fit its mosques with energy saving light bulbs, solar thermal water heaters and photovoltaic systems. The move dubbed “Green Mosques” is part of the North African strategy to encourage renewable energies. Six hundred “green mosques” are to be created in the country […]
Morocco, with an annual production of 140,000 tons, ranks fifth in the list of the world’s largest olive oil producers and exporters, several Moroccan media outlets said. Only six years after the launch of the Green Morocco Plan to boost agricultural production, Morocco managed to bolster its olive production by 70% from 783,000 tons in […]