First Independent Mena Newspaper
Morocco will earmark $15.8 billion on stadiums and infrastructure if it wins the bid to organize the 2026 World Cup, the bid committee said. Chairman of the committee Moulay Hafid Elalamy said at a conference that Morocco will renovate existing stadiums and use demountable stadiums to host the tournament. To fill in the gap in […]
Few weeks after the launch of the gradual Dirham float, The International Monetary Fund has advised Morocco to maintain the current reform pace with a view to strengthening the economy’s competitiveness. “Unlike other emerging economies, Morocco didn’t loosen currency restrictions under pressure, so authorities can take their time with future steps,” Nicolas Blancher, the IMF’s […]
King Mohammed VI has called on Africans, men and women, and especially young people, to rise to the challenges the African Continent is facing and to embrace the dynamic of shared growth. In a message addressed to participants in the Crans Montana Forum, which opened Friday in Dakhla under the theme “Africa and South-South cooperation”, […]
Edita Food Industries SAE (EFID) has announced plans to set up snack food factory in Morocco. Edita, which has teamed up with Dislog Group in Morocco, seeks to reinforce its expansion plans and strengthen its position in the snacks market. Last December, Edita’s chairman and CEO Hani Berzi said that commercial operations will begin in […]
Spanish car component manufacturer, Teknia Group, has opened a new plant in Tangier to boost its production capacity. The new factory, which replaces an existing plant set up by the group in 2011, is built over a surface area of 2,700 square meters, the Group said in a statement. The Spanish group operates in the […]
Morocco is promoting its 2026 World Cup bid within the World Bank (WB) and the International Monetary Fund (IMF) in Washington as a senior Moroccan delegation paid visits to the two international financial institutions to highlight the Kingdom’s potential. The visit (March 13-14) was a chance for the Moroccan delegation to shed light on Morocco’s […]
Morocco is looking carefully to the situation in the Sahel where terrorists are increasingly resorting to organized crime and trafficking to fund their activities, head of Morocco’s counterterrorism agency, BCIJ, Abdelhak Khiame said. Speaking to local press, Khiame rang the alarm bell regarding the fallout of the connivance between terrorists and organized crime groups on […]
Morocco purchased 12% of overall arms imports in Africa maintaining its position as the second largest buyer of weapons on the continent over the 2013-2017 period, the Stockholm International Peace Research Institute (SIPRI) said in a recent report. Morocco was ranked ahead of Nigeria with 5.1% of African arms imports and was preceded by Algeria, […]
The positive performance of the Moroccan economy enabled North Africa to achieve the second highest growth rate of 4.9% at the African level, the African Development Bank said. The performance of the Moroccan economy, which saw growth rise from 1.2% in 2016 to 4.1% in 2017 gave a boost to North African posted the second […]
The Republic of the Congo and Morocco signed an agreement under which the Kingdom will conduct a feasibility study on the preservation of the Congo basin. The preservation of the Congo basin aims to strengthen the contribution of non-state actors, civil society, indigenous peoples and community organizations to improving forest governance, sustainable forest management and […]