First Independent Mena Newspaper
Morocco’s central bank cut its borrowing rate to 2.75% from 3% as inflation drops thanks to lowering food prices and easing external inflationary pressures, the bank said following its board meeting. “On the basis of all these considerations, the Board considered that the calibrated tightening of monetary policy, the regular monitoring of the transmission of […]
Several Palestinian officials and personalities have hailed the new medical assistance dispatched to Gaza at the instruction of King Mohammed VI, saying that this royal move illustrates again the Sovereign’s unwavering support for the Palestinian Cause. These Palestinian officials and personalities expressed their thanks and gratitude to King Mohammed VI, Chairman of the Al-Quds Committee, […]
The World Bank has approved $600 million funding to Morocco to enable the North African Kingdom finance two projects destined to improve public service and performance. The first project, which gets a $350 million support, aims to improve the governance, restructuring, competitive neutrality, and performance monitoring of state-owned enterprises (SOEs). The 2nd project, entitled “Public […]
king Mohammed VI, Chairman of Al-quds Committee, ordered the delivery of 40 tons of medical aid in solidarity with Palestinians in Gaza, Morocco’s foreign ministry said. The shipment will follow the same unprecedented route as the aid sent in March. In March, Morocco was the first nation to use the Kerem Shalom border crossing to […]
There is a good chance that travelers will be able to board a high-speed train in Madrid and travel from Spain to the Moroccan city of Casablanca in five and a half hours, through a new tunnel under the Strait of Gibraltar, says U.S. Forbes magazine. Spain and Morocco are now reconsidering this ambitious undertaking, […]
Chariot energy Company has signed an agreement with Vivo Energy Maroc firm on future natural gas offtake from the Loukos Onshore license in which the British company holds 75% stake, while Moroccan National Office of Hydrocarbons and Mines (ONHYM) has 25 %. In a press release issued Monday, Chariot said the aim of the agreement […]
The Moroccan men’s beach volleyball team qualified, on Sunday, for the 2024 Olympic Games in Paris, after winning the African championship held in Martil, northern Morocco. The Moroccan team, composed of Zouheir Elgraoui and Mohamed Abicha, retained their African title by beating Mozambique in the final with two sets to zero (21-18, 21-12). The Moroccan […]
Morocco and the United States have launched in New York the Group of Friends on Artificial Intelligence for Sustainable Development. The group, launched by Morocco’s Ambassador to the United Nations, Omar Hilale, and his U.S. counterpart, Linda Thomas-Greenfield, held its first meeting at ambassadorial level at the headquarters of the U.S. Permanent Mission in New […]
Algeria’s president Abdelmadjid Tebboune was invited to the latest G7 summit held in Italy due to the pressure exerted by French President Emmanuel Macron, says a London-based think-tank in its latest report. If, as expected, French party Rassemblement National (RN) wins upcoming snap parliamentary elections and takes control of the government, it will almost certainly […]
The United States is “grateful to Morocco for their regional leadership”, said U.S. State Department spokesperson, Matthew Miller following a phone call between Secretary of State, Antony Blinken, and Minister of Foreign Affairs, Nasser Bourita. Mr. Blinken had a “productive discussion” with Mr. Bourita, the spokesperson stated in a post Friday on X (formerly known […]