First Independent Mena Newspaper
The Spanish government’s support to Morocco’s Autonomy Plan for the Sahara, as being “the most serious, realistic and credible basis” for the settlement of the conflict, “falls within the framework of the United Nations”, said Josep Borrell, EU High Representative for Foreign Affairs. “The position of Spain, which has opted to support the autonomy proposed […]
Morocco’s phosphates and fertilizers producer OCP posted an all-time-high profit of 1.6 billion dirhams in 2021, up 272% as the company benefits from the surge in prices of phosphates and derivatives and the high demand on fertilizers. OCP’s total earnings nearly doubled to 84.3 billion dirhams the same year, a boon to public finances hit […]
Bank Al-Maghrib, Morocco’s central bank, has decided to hold interest rates steady, contrary to the forecasts of many analysts who were expecting a hike of rates following the coronavirus pandemic, rainfall shortage and the Russia-Ukraine war. During its first meeting for the year 2022, the Board of Directors of the Bank decided to keep unchanged […]
The World Bank is ready to strengthen its support to Morocco’s economic and social development efforts, said Wednesday in Rabat, President of the World Bank Group, David Malpass. The WB official, who had meetings with Head of the Government Aziz Akhannouch and Minister of Economy and Finance, Nadia Fettah Alaoui, congratulated Morocco for “its effective […]
US Secretary of State Antony Blinken is expected in Morocco next week, as part of a regional tour in the Middle East, reported Wednesday, the American website Axios, which is generally well-informed. Tony Blinken is expected to travel to the Middle East at the end of his trip to Europe where he is accompanying, from […]
Morocco and the International Energy Agency (IEA) have signed a new cooperation program focusing on energy efficiency, energy security and climate resilience. Under the 2022-2023 program, signed in Paris by minister of Energy Transition & Sustainable Development Leila Benali and IEA Executive Director Fatih Birol, the agency pledges to support Morocco’s decarbonisation program, deployment of […]
Morocco and Israel signed a partnership agreement that will help attract investments by Israeli civilian and defense aerospace giant IAI’s. The deal was signed in Rabat by industry minister Ryad Mezzour and head of IAI’s Amir Peretz. “This is a strategic partnership…that paves the way for a win-win aerospace industrial cooperation,” said Mezzour, adding that […]
By backing the Moroccan autonomy initiative as “the most serious, realistic and credible basis for resolving the dispute” over the Sahara, Spain wants to contribute to resolving this issue that has lasted too long, Spanish Foreign Minister, José Manuel Albares said on Tuesday. This decision aims to “contribute to ending a conflict that has lasted […]
The Moroccan government started distributing subsidies to professionals in the transport sector to help mitigate the impact of the surge in energy prices on the purchasing power of citizens, marking a U-turn in its subsidies policy. This aid will benefit 180,000 professionals in different transport sectors including taxis, trucks, buses, inter-city travel and tourist transport. […]
Morocco’s central bank revised downwards this year’s growth forecast to 0.7% amid rising inflationary pressures due to fallout of the war in Ukraine and as Morocco faces an unprecedented growth. The Bank said Morocco’s cereals harvest will drop to 25 million quintals from 103 million quintals last year, amid a 57% rainfall deficit which meant […]