First Independent Mena Newspaper
Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]
Morocco has called for consolidating humanism, mutual understanding, mutual respect and tolerance in the Mediterranean, a meeting point of cultures and civilizations and an area that played such a decisive part in the history of mankind. “The Mediterranean must become, once again, an area of lasting peace and shared prosperity. It should, once again, stand […]
Africa’s longest cable stayed bridge was opened to traffic in Morocco following an inauguration ceremony chaired by King Mohammed VI. The Chinese-bridge is part of a 45 highway bypass that was completed for a total cost of 3.2 billion dirhams ($0.32 billion) thus bringing Morocco’s highways up to 1630km. Named after King Mohammed VI, the […]
The number of passengers at Mohammed V airport in Casablanca have grown by 4.47% in May compared to the same period last year, the national airport office (ONDA) said. Figures issued by the same office show that 707,790 travelers used the airport in May compared to 677,514 the same period a year earlier. Passengers on […]
Morocco’s tourism shows resilience with expectations to grow by 2% this year, despite unwarranted fears created by confusions over the turmoil that is plaguing several countries in the region, said the Moroccan tourism Minister, Lahcen Haddad. The Minister, who was speaking to Jeune Afrique Magazine, noted that instability in the region has slightly taken a […]
Morocco has all it takes to become the technology hub of North Africa and even of the continent but authorities’ foot-dragging to promote digital technology and initiatives hinders the process, communication of influence expert Hamza Hraoui said in an interview. Authorities could make the dream come true if they change their policy and work harder […]
Amid bleak growth prospects in the MENA region on the backdrop of tightening fiscal policies in response to low oil prices, Morocco stands out with forecasts to post favorable growth prospects on the medium-term, Capital Economics’ Q2 2016 Middle East Outlook report said. “And Morocco’s economy, whose medium-term prospects are the brightest in the region, […]
After the Netherlands decided to forfeit the Dutch citizenship from its dual nationality citizens who are fighting alongside terrorist groups in Syria and Iraq, Morocco should brace itself for a possible return of Moroccan-Dutch Jihadists. Several media reports say that Dutch authorities have established a list of 250 dual nationals fighting within the ranks of […]
IHS Jane’s Intelligence Weekly Magazine, an offshoot of the British Jane’s Information Group specializing in military and security issues, has recently downplayed the Polisario’s threats to resume hostilities against Morocco over the Saharan provinces, at a context marked by preparations to install an Algerian-imposed successor to the long-serving Polisario leader Mohamed Abdelaziz, who passed away […]
Morocco announced on Monday an ambitious investment reform plan including multiple incentives, in a bid to capitalize on its business climate and political stability to attract more industrial investments. The incentives were revealed during a ceremony in Rabat chaired by King Mohammed VI. They include tax exemption benefiting industrial companies for up to five years, […]