First Independent Mena Newspaper
State-owned real-estate developer, Al Omrane, announced that it had spent over $7.6 billion (72.5 billion dirhams) on urban development projects in Morocco over the last ten years. Head of the board of directors of the company, Badr Kanouni, said, at a ceremony marking the tenth anniversary of the group, that 465,000 housing units were achieved […]
The Association of African Development Finance Institutions (AADFI) crowned Crédit Agricole Du Maroc, as the Best Development Finance Institution (DFI) in Africa in 2017. “Crédit Agricole Du Maroc” came ahead of 33 best-performing DFIs in the continent ranking first on the 2017 AADFI Honor Roll. The Moroccan bank was distinguished for its performance regarding AADFI […]
Morocco was celebrated at the World Spa Awards as the World’s Best Spa Destination thanks to its centuries-old Hammam heritage. This title, the second in a row taken by Morocco, was awarded at a recent gala ceremony in Vietnam. In addition to Morocco, the award short list included Egypt, Kenya, Mozambique, South Africa and Tanzania. […]
Casablanca city authorities are mulling the launch of a monorail or an aerial subway to help ease traffic congestion for its over 5 million inhabitants. After the launch of the Tramway, Casablanca officials are negotiating with Chinese electric vehicle manufacturer BYD for the launch of the Monorail or the aerial subway, which are designed to […]
Morocco is evidencing at the highest level its firm attachment to achieving the global climate agenda. The participation of King Mohammed VI at the One Planet Summit in Paris is a reaffirmation of Morocco’s keen interest in protecting the environment and curbing climate change effects. The One Planet summit, co-hosted by the United Nations and […]
Morocco has taken several initiatives to gather support for climate action, notably in Africa, through landmark projects such as the Adaptation of African Agriculture Initiative (AAA), the World Bank’s Vice President for Sustainable Development, Laura Tuck, said. “We are delighted to see Morocco take the lead as part of efforts to implement the Adaptation of […]
Morocco’s regional investment centers that are supposed to assist investors, both national and foreign, and to facilitate the paperwork for the setting up of projects will be restructured after an audit revealed many dysfunctions preventing these centers from fulfilling their mission properly. The results of the audit were presented Monday to King Mohammed VI by […]
Anger and frustration are building up among the youth in the Polisario-run camps of Tindouf in South-western Algeria who are fed up with the Polisario and Algeria trading with their suffering. Sahrawi media speak of the setting up of a new movement dubbed “The Sahrawi Initiative for Change” that has been gaining momentum in Tindouf […]
King Mohammed VI has approved sanctions against a Wali, six governors and over one hundred enforcement agents because of failure to fulfil their duties. During an audience Monday at the Casablanca Royal Palace, the Minister of the Interior presented to the Monarch the results of investigations conducted by his department on the work and working […]
Morocco’s plans to become a major global carmaker are progressively turning into a tangible reality. The sustained growth of its expanding automotive sector is “an inspiring success story”, draining more investments and manufacturers that enhance the country’s automotive eco-system. The soaring exports of Morocco-made cars attests to the transition of the Moroccan economy from traditional […]