First Independent Mena Newspaper
King Mohammed VI, flanked by Crown Prince Moulay El Hassan and Prince Moulay Rachid, commemorated Wednesday night in Rabat Laylat Al Qadr, marking the night when God revealed the Holy Koran to Prophet Muhammad. The Monarch performed the prayers of Al-Icha and Taraouih, along a limited number of participants to respect confinement and social […]
The European Union will extend Morocco €100 million (1.1 billion dirhams) to support the financing of the health sector in the context of the Covid-19 crisis The related agreement was signed Tuesday by Economy & Finance Minister Mohamed Benchaâboun, Minister of Health Khalid Ait Taleb, and ambassador of the EU in Morocco, Claudia Wiedey, The […]
The Arab Monetary Fund has granted Morocco a $127 million loan to provide financial resources to meet the country’s needs amid the global COVID-19 crisis, the Arab financial institution announced this Wednesday in a statement. The loan agreement was signed earlier this month by Morocco’s Economy and Finance Minister Mohamed Benchaaboun and the General manager […]
Twenty-five Sub-Saharan would-be illegal immigrants and a Moroccan were arrested Tuesday by the Royal Navy at the fishing village ‘Lassarga’, south of the city of Dakhla, according to a security source. These individuals, who were planning to reach the Canary Islands, were arrested aboard a small fishing boat, the source added. They were transferred to […]
French consumer-defense group UFC-Que Choisir said Tuesday in a statement that it has lodged a complaint with a court in Paris against 20 airlines, including Royal Air Maroc, Algérie Air, and Tunisair, after the carriers refused to reimburse the passengers whose flights have been cancelled due to covid-19 pandemic. The NGO said it has decided […]
Morocco’s economy has been hit hard by the coronavirus outbreak but plans have been set up to relaunch the economic activity through promoting state investments and fostering domestic consumption, Finance Minister Mohamed Benchaaboun said. The government is preparing conditions to relaunch the economy after the lockdown affected most sectors notably exporting businesses, Benchaaboun told MPs […]
The World Bank has highlighted Morocco’s wind energy potential that it described as “great”. This came in a World Bank analysis of emerging markets for offshore wind, undertaken by the WB Energy Sector Management Assistance Program in partnership with the International Finance Corporation. The analysis, which focused on Morocco and a number of other countries, […]
The number of Moroccan nationals stranded abroad rose to 31,800 people who are still waiting for a governmental decision to be repatriated to the homeland, head of the government Saad Eddine El Othmani said, promising their return without giving a specific date. He spoke vaguely about ministerial departments preparing for their return at a time […]
After an exceptional Ramadan with closed mosques and social distancing measures to contain the coronavirus outbreak, Moroccans will have to stay in their homes during Eid El Fitr and avoid family visits after the country extended the confinement it has started in March 20 until June 10. This means no collective Eid prayers this year […]
Fitch Ratings has revised its outlook on Moroccan banks Attijariwafa Bank, Bank of Africa, and Credit Immobilier et Hotelier (CIH) to Negative from Stable, while affirming the three banks’ Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) at ‘BB+’. This comes after Fitch’s revision of the outlook on Morocco’s sovereign rating to Negative from Stable on […]