First Independent Mena Newspaper
Bank Al-Maghrib (BAM) and the International Finance Corporation (IFC) signed a partnership deal on Wednesday, June 18, in Rabat, meant to achieve two key objectives: improving the resilience of agricultural operations and fostering inclusive and sustainable growth. According to a joint press release, this partnership reflects the shared ambition of both institutions to promote an […]
Moroccan Ynna Holding of Chaabi group has joined efforts with Emirati Amea Power Company for the building of 100 MW wind power farm in the Moroccan Saharan Laayoune-Sakia El Hamra region. This project is part of Morocco’s national goal of generating over 52% of its electricity from renewable sources by 2030. It will also help […]
The European Bank for Reconstruction and Development has pledged continued support for Morocco’s ambitious sustainable infrastructure plans ahead of the 2030 FIFA World Cup, emphasizing governance, inclusion, and climate adaptation as key pillars of development. Speaking at the “2030 World Cup, World Climate” event at Mohammed VI Polytechnic University in Rabat, EBRD Vice-President Mark Bowman […]
Morocco successfully hosted the second edition of the “Regional Endeavour 2025” military workshop last week, bringing together representatives from NATO, the African Union, and military delegations from Jordan, Egypt, Tunisia, and Mauritania to enhance regional resilience against humanitarian crises. The exercise, themed “Military Contribution to Human Security: Preparedness and Resilience,” represents a structured regional coordination […]
Morocco expressed commitment to making the 2030 FIFA World Cup a global benchmark for environmental sustainability and social inclusion, head of the tournament’s organizing committee Fouzi Lekjaa said. The World Cup, to be co-hosted with Spain and Portugal, is being described as a “Green World Cup,” he told a conference at the Mohammed VI Polytechnic […]
Morocco’s African policy, which is based on solidarity-based “win-win” partnership, is delivering positive results and ensuring food security to African countries in a world rocked by uncertainties and spike of global food prices. Morocco controls 70 % of the world’s phosphate reserves, the key ingredient in fertilizers that Africa desperately needs, said a report published […]
Morocco is reportedly seeking a re-negotiation of its free trade agreement with Turkey as it seeks more Turkish investments to compensate for an expanding trade deficit, minister delegate in charge of foreign trade Omar Hjira said. The trade deficit with Turkey soared to 3 billion dollars, driven by fabric imports by Morocco’s textile sector. The […]
Morocco’s tourism sector has attracted a record 7.2 million tourists up to May, recording a 22% growth compared to the same period last year and up 68% compared with the pre-Covid reference year of 2019. The increase meant an additional 1.3 million tourists, as Morocco prepares to break a new record this year both in […]
Subsidiary of French bank Société Générale has officially rebranded to Saham Bank, six months after Saham Group completed the acquisition. Société Général sold its Moroccan bank and its insurance subsidiary to Saham Group in 2024, worth 745 million euros. The transaction, which involved the acquisition of 57.67% of SGMB’s capital and voting rights, was first […]
Morocco and Rwanda have agreed, under an agreement signed Wednesday in Rabat, to enhance military cooperation in training, exercises, logistical support, military health and exchange of expertise in areas of common interest. The agreement, sealed during the visit paid by Rwanda’s Defense Minister Juvenal Marizamunda to the North African Kingdom, also provides for the creation […]