First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million loan to Morocco Mobility and Automotive Centre (ATC), a Moroccan company involved in automotive testing. EBRD said in a statement that the funds will help ATC acquire equipment to set […]
Morocco and Germany have both expressed keenness to give a new momentum to the two countries’ ties and to seal a new partnership. The announcement came in a joint statement by Morocco’s Foreign Affairs Minister Nasser Bourita and his German counterpart Annalena Baerbock issued Wednesday following a first video conference between the two officials, after […]
Morocco is elaborating a new investment charter meant to foster the participation of private funds in a bid to reverse the current trend as private investment represents only about one third of total investment. In this connection, King Mohammed VI chaired, on Wednesday at the Royal Residence of Bouznika, a working session devoted to this […]
China’s car part maker Citic Dicastal opened in Morocco its third factory worth 190 million dollars to manufacture aluminum chassis parts. The new factory in Kenitra will be ready in six months with a production capacity of 10 million units. It will offer up to 766 direct jobs, the industry ministry said in a statement. […]
King Mohammed VI ordered the allocation of 10 billion dirhams ($1 billion) to mitigate the impact of drought on farmers, the Royal Palace said. Morocco has registered a rainfall deficit of 64% jeopardizing this year’s harvest and putting farmers in a difficult financial position. Hassan II fund for economic and social development will contribute by […]
The EU reiterated that it does not recognize the self-proclaimed SADR republic and reaffirmed its steady position in support of UN efforts towards a mutually acceptable solution to the regional dispute over the Sahara, in yet another blow to Algeria and its separatist puppets. The position was expressed by the spokesman of the European Commission […]
Morocco looks forward to developing its shellfish farming sector with the help of Japan, a global leader in this industry which plays a key role in this Asian country’s economy and food security. Japanese experts visited lately the site of the project Tiguert-Imiouadar, near the city of Agadir, to share their know-how with Moroccan fishermen […]
Morocco has been granted the status of “advanced partner” by the Central American Parliament (Parlacen) in recognition of the Kingdom’s key role in strengthening South-South cooperation. The announcement has been lately in Guatemala City by Parlacen’s President Daniel Ortega Reyes during a meeting with a Moroccan MP delegation led by Speaker of the House of […]
The European Investment Bank and the European Union support Morocco’s rural schooling program with € 125.8 million funding to serve for the building of 150 community schools. The EIB has agreed to provide Morocco a € 102.5 million loan for this project, while the EU pledged to inject € 23.3 million under the Neighborhood Investment […]
The Moroccan Federation of Pharmaceuticals Industry and Innovation (FMIIP) has partnered with the International Finance Corporation to enhance the sector’s efficiency and mitigate climate change by reducing water and energy waste. Under an agreement sealed Tuesday, IFC pledged to help FMIIP members in reducing their carbon and water footprints and improving efficiencies in their production […]