First Independent Mena Newspaper
Morocco may no longer issue an international bond as was planned earlier this year amid deep uncertainty and market volatility, finance minister Nadia Fettah Alaoui said. The government expects its financing needs to grow to 60 billion dirhams ($5.5 bln) next year compared with some 45 billion dirhams this year. “We will try to strike […]
India’s richest person Gautam Adani is negotiating with Moroccan authorities the setting up of a giant clean energy project that would produce 10 gigawatts, Bloomberg reported. Adani’s group is considering building solar and wind plants as well as facilities to produce and export green hydrogen, the news agency reported citing anonymous sources. Morocco currently has […]
The city of Agadir has made a successful issuance of Morocco’s first municipal bond of 1 billion dirhams to fund its development plan. The dirham-denominated bond sale targeted national and international institutional investors as the commune braces for a facelift. The European Bank for reconstruction and development (EBRD) has supported Agadir’s bond with an investment […]
The overwhelming majority of Colombian senators are standing united against leftist President Gustavo Petro, challenging his decision to restore ties with self-proclaimed separatist entity “SADR”, which is armed, funded and hosted by Algerian junta. In a joint statement adopted Tuesday, 62 senators, out of 108 members of the Parliament lower house, backed the decision of […]
The European Commission adopted on Tuesday a new program worth €115 million to support Morocco’s ecological, inclusive and innovative farming. Dubbed “Terre Verte”, the program aims to contribute to Morocco’s strategies “Green Generation” and “Moroccan Forests” covering the period 2020-2030 by promoting an ecological transition conducive to the creation of decent work opportunities in Morocco […]
Morocco’s King Mohammed VI has appointed the members of the National Commission for the Prevention and Fight against Corruption. The purpose of this body, composed of 12 members plus the president, is to “implement policies that seek to mitigate the challenges of corruption,” according to a statement by the royal office. These measures include the […]
King Mohammed VI and King Charles III have highlighted at a phone talk they had Tuesday the dynamics marking relations between Morocco and the United Kingdom. The phone conversation was an opportunity to underline the strong personal ties between the two Sovereigns and the esteem they have for each other, thanks to the deep and […]
Morocco’s Saharan city of Laayoune and French city of Metz signed, on Monday, a partnership agreement destined to bolster their cooperation ties in the economic, educational, cultural and touristic fields. The three-year renewable deal, part of the decentralized cooperation between Morocco and France, was inked by Head of Laayoune Municipal Council, Mly Hamdi Ould Errachid […]
Deputy Assistant Secretary General of the North Atlantic Treaty Organization (NATO) for Political Affairs and Security Policy, Javier Colomina Piriz, said Morocco is a “key player” in the fight against terrorism, and is a “very important partner” for the Atlantic Alliance. Colomina Piriz, who is on a working visit to Morocco for talks with representatives […]
Morocco’s pioneering role in resolving the Libyan conflict was highlighted by the UN Security Council during a meeting devoted to recent developments in Libya. UN Secretary-General Special Representative for Libya Abdoulaye Bathily, together with several Security Council members, welcomed the meeting, held in Rabat last Friday, between Chairman of the Libyan High Council of State […]