First Independent Mena Newspaper
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 […]
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 […]