First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have partnered with Moroccan bank for Commerce & Industry (BMCI) to support women-led micro, small and medium-sized enterprises (MSMEs). EBRD will provide up to €20 million unsecured loan to BMCI for women entrepreneurs digitalization and MSMEs located in the regions affected by […]
Security cooperation between Morocco and Austria was reviewed at a meeting held in Vienna this Tuesday between Director General of Morocco’s National Security and Territorial Surveillance, Abdellatif Hammouchi, and Austria’s Director of the State Protection and Intelligence Directorate, Omar Haijawi Pirchner. The meeting took place on the sidelines of Hammouchi’s participation in the 91st session […]
Morocco called for strengthening the working methods of the African Union’s Peace and Security Council (PSC), to enable this body to fulfill its mandate to promote peace, security and stability in Africa. During the 15th annual retreat of the AU/PSC, which wrapped up Monday in Tunis, the Moroccan delegation, led by Morocco’s Permanent Representative to […]
The Washington Institute for Near East Policy has called on the Biden administration to be cautious in engaging Algeria as such approach does not guarantee it will shift away from Moscow and Beijing or defuse tension with Rabat. In an analysis focusing on U.S. policy in North Africa, the Institute experts Sabina Henneberg and Amina […]
SDX Energy Company unveiled on Monday a new strategy focusing on its growing operations in Morocco becoming a strategic regional player in the energy transition. In its new roadmap, SDX said it has decided to divest its Egyptian assets and move away from a pure oil & gas business into an integrated, hybrid energy-provider in […]
Morocco is leading the way in Africa and the world in establishing new special economic zones (SEZs) and attracting foreign direct investment (FDI), thanks to its higher value-added technology industries, according to a new report by Oxford Business Group. Entitled “How Special Economic Zones are shaping Africa’s industrial landscape”, the report, published last week, states […]
Morocco’s Atlas Lions was crowned best African national football team by the Association of African Sports Confederations (AASC). The award was presented to the Atlas lions in Cairo on Saturday evening at the annual Gala of the AASC which awarded its prizes for the year 2023. The Atlas Lions were rewarded for their historic achievement […]
Morocco is stepping up efforts to build a competitive merchant fleet in line with the country’s Atlantic ambitions and port investments. Transport minister had told MPs last week his department was set to promote investments aiming at bolstering Morocco’s commercial marine fleet. The announcement came after King Mohammed VI urged transforming Morocco’s Atlantic coast into […]
Morocco’s capital market regulator AMMC gave its approval for the listing of merchant bank CFG Bank on the Casablanca Stock Exchange. Under this IPO, CFG aspires to raise 600 million dirhams at a price share of 110 dirhams, with the subscription period running from November 30 to December 7. This marks the first IPO in […]
French Exxelia Group, a global leader in electronics, has opened on Thursday a manufacturing plant in the Moroccan city of Mohammedia, near Casablanca, consolidating the country’s industrial ecosystem and competitive edge. The 10,000 m2 industrial facility, which employs 700 persons, specializes in the manufacturing and assembly of a wide range of electronic components, including […]