First Independent Mena Newspaper
The Moroccan government plans to develop a liquified natural gas (LNG) infrastructure in the northeastern port of Nador, currently under construction. The announcement came in a gas infrastructure roadmap signed by Morocco’s equipment, interior, finance, and energy departments. The road map “is in line with Morocco’s steady commitment to foster its energy sovereignty and decarbonize […]
Morocco’s phosphates and fertilizers giant, OCP Group, said its revenue in 2023 stood at 9 billion dollars, down from $11.4 billion a year earlier. OCP explained the performance by a drop of prices from the exceptional levels of 2022, when the war in Ukraine triggered a surge in commodities prices globally. OCP said a drop […]
Morocco and Italy signed an agreement to mutually recognize the driving licenses delivered by their respective authorities. The agreement would spare holders of Moroccan driving licenses administrative hurdles, notably in view of the large Moroccan diaspora in Italy. Spain was the latest EU country with whom Morocco had signed a driving license mutual recognition agreement. […]
Mohammed VI mosque in Conakry will welcome its first worshipers on March 29, underscoring the strong spiritual ties between the Moroccan and the Guinean people. The mosque, ordered by the Moroccan King, will open during the Friday prayer with the participation of eminent Moroccan and Guinean scholars, the Mohammed VI Foundation of African Ulema said […]
The Moroccan economy has been opening up, leading to the development of new sectors such as aerospace and automotive industry, says the 2024 Bertelsmann Transformation Index report (BTI), which analyzes transformation processes towards democracy and a market economy worldwide. Morocco has made good progress in carrying out reforms to improve market competitiveness, adds the report […]
The European Bank for Reconstruction and Development (EBRD) has approved a new strategy for Morocco for the 2024-2029 period after consultation with Moroccan authorities, the private sector, civil society, and shareholders. The Bank’s country strategy supports private-sector-led economy by enhancing competitiveness and promoting Morocco’s reform agenda. It also aims to strengthen social cohesion, reduce regional […]
King Mohammed VI has vowed to diversify and strengthen the promising strategic partnership existing between Morocco and Senegal. This came in a message of congratulations the sovereign addressed to Bassirou Diomaye Faye on his election as President of Senegal. “The Senegalese people have entrusted you with the responsibility of presiding over the destiny of your […]
The Atlantic Initiative, launched by King Mohammed VI to facilitate access for Sahel States to the Atlantic Ocean, stands as a distinctive framework aimed at fostering multidimensional African cooperation, ultimately paving the way for the emergence of a new, prosperous, and stable Africa, experts and intellectuals said during a conference held on Tuesday in Rabat. […]
The US Radisson hotel group plans to increase the hotels it operates in Morocco to 25 by 2030 to tap into a growing tourist market. The group plans to reinforce its presence in Casablanca and Marrakech as well as to open new hotels in Rabat, Tangier, Agadir, and Fez, said Africa director at Radisson Erwan […]
Morocco’s Bank of Africa said its 2023 profit increased 16% to 260 million dollars last year, with a net banking income of 1.7 billion dollars, up 9%. African branches contributed by 56% in this performance while Moroccan business accounted for 42% of total earnings, the bank said. Bank of Africa, previously known as […]