First Independent Mena Newspaper
Egypt is negotiating with five international financial institutions funding for planned Aswan-Toshka railway project linking the Arab republic to neighboring Sudan, reports say. The European Bank for Reconstruction and Development, European Investment Bank, World Bank, Asian Infrastructure Investment Bank, and Islamic Development Bank, Arab Finance reports citing Al Mal. The media did not disclose the […]
The Royal Armed Forces (FAR) have received the first batch of the Chinese long-range anti-aircraft defense system with a Chinese FD-2000B battery, ordered in 2017, according to the Spanish website Defensa.com. The first battery for the FD-2000B system was received in the middle of this year, and was activated a few weeks ago in Morocco’s […]
The International Federation of Association Football (FIFA) has announced the appointment of Moroccan producer RedOne as a creative entertainment executive. “Producer & multi-Grammy award winner RedOne joins FIFA as Creative Entertainment Executive. Exciting times to join forces & bring innovative entertainment to our fans,” FIFA said on Twitter. The Moroccan producer also announced the news […]
The Moroccan government announced, on Monday, a ban on New Year’s Eve celebrations, as part of a set of measures to curb the spread of the COVID-19. Besides banning all New Year’s Eve celebrations, the measures also include banning the organization of parties and special events in hotels, restaurants, and tourist establishments. Restaurants and cafes […]
Algeria has reported a surplus of $1 billion by November and sees the figure increasing to $2.3 billion by year’s end in what could be commended in a normally functioning economy. But in Algeria’s case, this surplus was achieved after depriving citizens of key goods, leading to high inflation and shortages. The figure is also […]
FIFA chief Gianni Infantino said Morocco, together with Saudi Arabia and Egypt, were the only best-placed Arab nations to host the World Cup. “The three countries have excellent infrastructure. The Arab World deserves to host such a football tournament,” said Infantino in an interview with MBC TV channel. Morocco has made five bids to host […]
Fitch Ratings has assigned Morocco’s Long-Term Foreign-Currency Issuer Default Rating (IDR) ‘BB+’ rating with a stable outlook due to the country’s macroeconomic stability, low inflation, a moderate share of foreign-currency debt in total general government debt and comfortable external liquidity buffers. Morocco’s fiscal deficit is expected to narrow to 6.3% of GDP in 2021 from […]
Moroccan police intercepted over the weekend near the region of Taroudant a utility vehicle carrying 90 bundles of cannabis weighing in total 3 tons. The driver, aged 37, was arrested. He has criminal records and was on police drug watch-list for his ties with international drug trafficking networks. Investigation led to the seizure of a […]
Egypt is in contact with Chinese companies with three potential companies for the production of electric cars in 2023 for an investment of $127 million, Bloomberg reported. The companies, no identified, will collaborate with state-run El Nasr Automotive Manufacturing Co., Public Enterprise Minister Hisham Tawfik told Bloomberg in an interview. Tawfik also the media production […]
The United States supports the efforts of the new personal envoy of the UN Secretary General for the Sahara Staffan de Mistura, that it described as “one of the most experienced diplomats in the world”, to find a political solution to the dispute over the Sahara. The statement was made by a senior official in […]