First Independent Mena Newspaper
Morocco’s economic outlook has worsened due to drought and external shocks, notably imported inflation, with growth prospects seen at between 1.5% and 1.7%, head of the Moroccan government Aziz Akhannouch said. The government had based its 2022 budget on a growth forecast of 3.2% and expected its budget deficit at 6.1%. Akhannouch said that high […]
King Mohammed VI and King Abdullah II of Jordan discussed this Monday in a phone talk the situation in the city of Al Quds and the Al Aqsa Mosque following the incursions by Israeli forces in sacred shrines and attacks on worshippers. The Royal Office said in a statement that King Mohammed VI, Chairman of […]
Mauritania has given Algeria a very cold shower by rejecting the propaganda of the morally bankrupt military junta in Algiers which desperately seeks to stoke tension in the region and with Morocco in particular. In recent days, the Algerian military junta that rules behind a civilian curtain attempted to use Mauritania twice to serve […]
Three aerospace companies, Sabca Maroc, Belgium’s Sabena- an offshore of Blueberry Group- and the US Lockhead Martin will open the first maintenance plant dedicated to Moroccan military aircrafts, which is also poised to serve as a maintenance hub for friendly countries in the region operating airplanes such as C130. Morocco is building on its position […]
Morocco is a strategic partner and a key interlocutor for Italy in the region, Italian Foreign Minister Luigi Di Maio said. “Morocco is a strategic partner for Italy and a key interlocutor on regional issues, starting with Libya,” the Italian minister wrote in a tweet following a phone conversation he had on Friday with his […]
Morocco has strongly condemned the raid of Israeli occupation forces on Al Aqsa Mosque, the closing of its gates and the attack against unarmed worshipers in the mosque compound, leaving many injured. “This blatant aggression and methodical provocation during the holy month of Ramadan against the sanctity of the mosque and its place in the […]
Morocco will enter the LNG market in the next upcoming days after it finalizes supply deals, as it seeks to bolster the share of natural gas in its energy mix, Energy Minister Leila Benali said. The Minister added that her department had talks with Portugal, France and Spain to activate the unused capacity in their […]
Morocco has stressed the need to explore the best means to support Burkina Faso, Chad, Guinea, Mali and Sudan in their political transition while providing them with the necessary assistance to ensure peace, security and their development. Addressing the Peace and Security Council (PSC) of the African Union (AU) convening in Addis Ababa, Morocco’s Permanent […]
Attijariwafa bank won the award of “Best bank in Morocco for the year 2022” during the “World Best Banks Awards” trophy ceremony organized by the prestigious American magazine Global Finance. The new distinction confirms the position of Attijariwafa bank as national leader in its field of activity. This award, the 9th won by the Moroccan […]
Moroccan economic growth is expected to reach 1.1 pc this year before rebounding to 3.4 pc in 2023, says the World Bank in its latest updated forecast. The WB says growth in Morocco is projected to slow to 1.1% in 2022 as agricultural output declines by 17.3% due to the drought. The economy is projected […]