First Independent Mena Newspaper
Morocco has taken steps to renegotiate a free trade deal with Tunisia and Egypt to protect its own industrial fabric and protect jobs after it took a similar move to balance its trade deficit with Turkey. Aujourd’hui le Maroc reported that Morocco plans to renegotiate the tax imposed on a list of goods including textile, […]
From now on people in Algeria will have to show their ID to be allowed to buy cooking oil! This is not a joke! Algeria has officially banned people under 18 years old from buying cooking oil in a bid to manage an acute shortage of essential commodities. The decision was announced by the trade […]
Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]
Morocco on Monday called for a new win-win partnership between the European Union (EU) and the African continent, as France holds the rotating presidency of the Council of the EU. “It is necessary to define together a common commercial and industrial pact, based on the strengths of Europe as a renewed and innovative industrial power […]
Reacting to the press release issued this Monday by the British firm Chariot energy company announcing a major gas discovery offshore the northern Moroccan city of Larache, the Moroccan Office for Hydrocarbons and Mines (ONHYM) confirmed the encouraging results from the Anchovy-2 drilling off Larache. ONHYM said, in a statement, that “following the encouraging results […]
A group of Algerian human rights organizations and militants have called on the Algerian authorities to put an end to the new wave of cracking down and violations of the constitutional rights to freedom of speech, assembly and association. In their joint statement released lately, they called for the immediate liberation of prisoners of conscience, […]
Ex-Tunisian President Mohamed Moncef Marzouki has revealed French authorities have turned down Tunisia’s request to extradite him after he was condemned to four years in prison in December on charges of plotting against the North African country. Marzouki indicated that he has been subjected to an international arrest warrant issued by Tunisian authorities. The former […]
The Belgian judiciary wants the Chairman of the Libyan Investment Authority (LIA), Ali Mahmoud arrested on charges of corruption and embezzlement, Libya Observer reports, citing Belgian magazine “De Tijd”. Mahmoud is subject to an international arrest warrant and could be arrested if he leaves Libya and the warrant aimed at investigating lost interest on the […]
Chariot energy company announced this Monday a major gas discovery offshore northern Moroccan city of Larache, following appraisal and exploration drillings carried out at the Anchois-2 well within the Lixus licence. Chariot has a 75% interest and operatorship of Lixus in partnership with the Office National des Hydrocarbures et des Mines (“ONHYM”) which holds a […]
Morocco’s exports to Brazil have reached a record level estimated at about $2 billion in 2021, according to data of the Brazilian Ministry of Economy. The data suggest that Morocco has exported products worth more than $1.9 billion to the Latin American country, which represents a record level never reached before since 1997 when Moroccan […]