First Independent Mena Newspaper
Morocco’s electricity utility ONEE said it expects the cost of buying energy to more than double to 47.7 billion dirhams this year, from 22 billion dirhams last year, because of a surge in prices of fuel and coal in the international market. Speaking to MPs, head of ONEE said that this surge was not reflected […]
A twinning project between Morocco and the European Union (EU) was launched on Wednesday in Rabat, with a view to strengthening the aquaculture sector in the Kingdom. The EU Ambassador to Morocco, Patricia Llombart Cussac, highlighted the importance of this partnership which will allow the creation of more than 4,000 direct jobs in addition to […]
Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]
Morocco’s stockpiles of diesel and cooking gas dropped to 26 days only, far below the 60 days required by law, energy minister Leila Benali said. Speaking to members of Parliament, energy minister Benali pointed to the difficult context marked by the impact of the war in Ukraine on commodities prices, including oil. Morocco consumed 11.2 […]
Trade exchanges between Morocco and Brazil reached $466.3 million in the first quarter of 2022, or 18.2 pc increase compared to the same period of last year. According to data released by Brazil’s economy ministry, Moroccan exports to Brazil dropped to $223.5 million in Quarter 1 2022 from $251.8 million recorded from January to March […]
The military junta in Algiers is running out of imagination and ideas as it desperately resorts to the same old accusations to try to stop a momentum in favor of Morocco’s sovereignty over the Sahara region. This time, Algeria’s foreign ministry issued a statement accusing Morocco of targeting civilian truckers “outside Morocco’s internationally-recognized borders.” The […]
Morocco has been selected to host the next meeting of the FAO regional conference for Africa in 2024. The decision was made during the 32nd Session of the FAO Regional Conference convening in Malabo, Equatorial Guinea, April 11-14. The regional conference is FAO’s highest governing body in Africa. The Malabo meeting is held as a […]
Investment opportunities in Morocco’s agribusiness sector and its attractiveness to operators in the United Kingdom, were at the focus of a webinar organized Tuesday by the British Chamber of Commerce for Morocco (BritCham). Speaking on this occasion, official from the Ministry of Industry and Trade, Hamid Baadi, highlighted the importance of the national food sector, […]
Italy’s automotive giant, Fiat, will resurrect its Topolino model in electric version based on Citroen Ami, already being manufactured in Kenitra plant in Morocco. Fiat is part of Setllantis group which also controls PSA, Citroen and Opel and has a factory in Kenitra. Just like the Ami, the Topolino is expected to be sold in […]
King Mohammed VI, Commander of the Faithful, commemorated Tuesday the 63rd anniversary of the passing away of his grandfather, the late King Mohammed V. The Sovereign who was accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, visited the Mohammed V mausoleum and prayed at the grave of the late King Mohammed V. […]