First Independent Mena Newspaper
The European Union supports the UN process on the Sahara and looks forward to the resumption of the quadripartite talks, under the aegis of the UN, said EU Foreign Policy Chief at the European Parliament. The EU position concerning the Sahara is fully aligned with the resolutions of the UN Security Council, underlined on Tuesday […]
Morocco has mandated Barclays, BNP Paribas, JPMorgan, Natixis to hold meetings with investors for its upcoming Euro bond, Bloomberg reported. The bond will help Morocco pay back 1 billion euro bond that will reach maturity next month. Central bank governor Abdelatif Jouahri said Morocco will issue the bond this year in euro without giving […]
Morocco’s Health Ministry and the federation of specialized doctors signed a deal to elaborate a road-map for the reform of the health sector, in a step that comes amid enormous challenges to public hospitals due to the pandemic. Moroccan population is one of the most under-served among its North African peers with 0.7 doctors per […]
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a $20 million loan to the Moroccan bank, “Crédit Agricole du Maroc”, to support local exporters and importers The funds will be used to issue guarantees in favor of confirming banks and to provide cash financing for pre-export and post-import financing and for local […]
Moroccan security services have foiled on Wednesday a smuggling attempt of 513 kg of cannabis at the southern crossing border point of Guarguarate. The haul was discovered inside the trailer of a truck bearing Spanish registration plates. A service canine alerted the border and security agents to the presence of narcotics. They searched the truck […]
The Moroccan cities of Laayoune, Benguerir and Chefchaouen have been declared by the United Nations Educational, Scientific and Cultural Organization (UNESCO) “learning cities”. The Moroccan National Commission for Education, Science and Culture said in a statement Wednesday that the three cities are now part of the UNESCO Global Network of Learning Cities. The Network of […]
Morocco will launch two international bonds in 2020 and 2021 to lift its foreign exchange reserves and help the economy offset the fall in foreign currency in flow due to the coronavirus impact, governor of Morocco’s central bank Abdellatif Jouahri said He said Morocco should tap into the bond market as long as conditions are […]
The losses of the tourism sector since the outbreak of the coronavirus last March rose to 18.3 billion dirhams ($2 bln) down 90.1% compared to last year, the national tourism observatory reported. The figure reflects the hard blow ensued by the tourism sector which represents 7% of Morocco’s GDP and employs directly more than 500,000 […]
Morocco’s Ismahane Elouafi was appointed Chief Scientist of the Food and Agriculture Organization (FAO), a newly created post by the UN agency. FAO Director General Qu Dongyu announced Ismahane Elouafi’s recent nomination at the 35th session of the FAO regional conference for the Near East and North Africa (NENA) region. The creation of the new […]
The Trade Alliance to Promote Prosperity (TAPP), a coalition of American companies, workers & trade associations, has voiced its opposition to increasing taxes on phosphate imports from Morocco and Russia. Such a move and hike would deal another blow to farmers, said Mr. Kent Kaiser, executive director of TAPP. His comments come after the giant […]