First Independent Mena Newspaper
The World Bank has extended Morocco a $160 million loan designed to support reforms in Morocco’s business environment to spur competitiveness and boost growth and job creation in an increasingly competitive global economy. The First Economic Competitiveness Development Policy Loan approved this week by the World Bank will improve transparency and accountability in investment procedures […]
The United Nations Special Rapporteur on torture and other cruel, inhuman or degrading treatment Juan E. Méndez hailed the progress scored in Morocco with regard to the promotion of human rights culture and prevention of torture and ill-treatment. The Special Rapporteur who was presenting to the 22nd session of the Human Rights Council currently held […]
Morocco, which is determined to preserve the historic monuments and buildings in the ancient city of Fes, has launched this week a new program providing for the rehabilitation of some 27 monuments, including five medersas (residential colleges for Islamic scholars), four Borjs (tours) three Foundouks (hostels), three tanning factories, two walls, two bridges and eight […]
Longreach oil and gas limited, an independent oil and gas company holding exploration and near term development licences in Morocco, announced earlier this week that it has completed its 2D seismic program on the operated Sidi Moktar Licence, near Marrakesh, onshore Morocco. The program was completed according to the scheduled deadlines and budget, the company […]
Hamid Chabat, the Secretary General of the Istiqlal Party, has been threatening for months now to withdraw from the coalition government, led by Abdelilah Benkiran’s Party for Justice and Development (PJD), if his repeated calls for a cabinet reshuffle were not heeded. Likewise, he has not missed any opportunity to lash out at the head […]
Bombardier Aerospace, one of the world’s leading aircraft manufacturers, announced it started producing components at a transitional facility in Morocco. “This is a very exciting milestone for us as we start to see our operation in Morocco take form,” said Hugo Brouillard, General Manager, Bombardier Aerospace, Morocco. The group said in a release that 18 […]
The King of Morocco has urged Muslim nations to address the endogenous reasons behind the crises facing the Muslim world rather than justify these crises by external factors. The Islamic world should stop justifying crises by casting all the blame on external reasons or factors, instead of addressing endogenous causes, underlined King Mohammed VI in […]
The International Monetary Fund Executive Board has reaffirmed Morocco’s continued qualification to access the Precautionary Liquidity Line (PLL) resources as approved in August 2012. The IMF made the decision after it completed the first review of Morocco’s performance under the economic program supported by the two-year PLL arrangement and after concluding the 2012 Article IV […]
Low cost airline Jetairfly, which merged with Jet4you, has announced the launch of new routes between the Netherlands, France and Morocco. These new flights will enable European passengers to travel from Nantes to Casablanca, Paris-Orly to Rabat, Toulon to Oujda and from Rotterdam to Tangier. Thanks to these new affordable connections, travelers will have the […]
Moroccan authorities have approved an agreement between San Leon Energy, Serica Energy and Longreach Oil and Gas on the one hand and Cairn Energy, on the other. The announcement was made last week by San Leon Energy which said the assignment of interest in the Foum Draa offshore licence in Morocco was part of the […]