First Independent Mena Newspaper
Cooperation prospects between Morocco and the International Monetary Fund, in view of the World Bank and IMF Spring Meetings, scheduled in Washington April 17-19, were reviewed at a meeting between Morocco’s Ambassador to the United States, Youssef Amrani, and IMF Managing Director, Kristalina Georgieva. During the working meeting, Kristalina Georgieva commended Morocco for the excellent […]
President of Kenya, William Ruto, has sent a message to King Mohammed VI. The message was handed over to Foreign Minister Nasser Bourita by Abraham Korir Singoei, Kenya’s Principal Secretary of Foreign Affairs and Special Envoy of Kenyan President. In a statement to the press following talks with Bourita, Singoei said that in […]
Morocco is commemorating this Thursday, Ramadan 10, 1445 A.H., in an atmosphere of piety the 65th anniversary of the passing away of the late Mohammed V; a moment to honor the Father of the Nation, the architect of the Kingdom’s independence, and a symbol of people’s struggle for freedom and liberation. On this commemoration, King […]
A final investment decision (FID) to build the Nigeria-Morocco gas pipeline is expected to be reached by the end of 2024, chief of state-owned Nigerian National Petroleum Company (NNPC) said. The pipeline, to cost about $25 billion, runs 7000 kilometers both on-shore but mostly offshore. “There is ongoing engagement on the Nigeria Morocco Gas Pipeline […]
Drought has shattered prospects for a good harvest this year with only 2.5 million tons expected, down from 5.51 million tons last year, Morocco’s central bank said. The bank explained that a shortage of rainfall led to a drop in cereals planted area to 2.5 million hectares, compared with 3.7 million hectares last year. As […]
Spain is committed to further improving ties with Morocco, said the Spanish Foreign Minister, describing Morocco as a “key partner.” “Spain should have the best relations with a neighbor like Morocco. This is a rule of our foreign policy and state policy,” foreign minister Jose Manuel Albares told the Spanish Senate. “Morocco is a key […]
An expropriation case in Rabat has exposed the extent of endemic misinformation of the Algerian regime, who issued a strong-worded statement claiming to be unaware and wrongfully denouncing a confiscation, until it was discredited by its own documents. Official Algerian correspondences leaked to Moroccan media showed that Algeria was fully aware of Morocco’s intent to […]
French bank, Société Générale, has informed Morocco’s Central Bank of its intention to leave the country, as part of a plan to withdraw from the African continent, Central Bank governor Abdellatif Jouahri said. Moroccan media has reported over the past few days that the French bank was planning to sell its Morocco branch to Saham […]
The State Department has approved the sale to Morocco of Javelin missiles, an advanced portable anti-tank weapon system expected to strengthen further the Kingdom’s military capabilities. The North African Kingdom has requested to buy 612 Javelin FGM-148F missiles, (including twelve (12) fly-to-buy missiles) and two hundred (200) Javelin Lightweight Command Launch Units (LWCLUs). The $260 […]
Morocco’s central bank has decided to maintain the current key rate at 3 percent and expects the country’s economic growth to be limited to 2.1 percent in 2024, before rebounding to 4.3 pc in 2025. During its first meeting of 2024 held Tuesday in Rabat, the Board of Bank Al Maghrib said the key rate […]