First Independent Mena Newspaper
British company Predator Oil & Gas, listed on the UK stock exchange, announced that it has submitted a bid to build and operate a floating storage and regasification unit (FSRU) in Morocco. It responds to a call for tenders launched in April by the Ministry of Energy and Mines, which expires on May 31. Predator […]
Moroccan Holmarcom Group has bought a 51 pc stake in Kenya’s Monarch Insurance Company for an undisclosed sum. The transaction, which is subject to approval by Kenya’s competent authorities, will enable Holmarcom to become the majority shareholder along with Kamu Group and Maisha Bank. The Moroccan private group operates in finance, insurance, agribusiness, distribution, logistics […]
Head of the special committee on the new development model, Chakib Benmoussa, submitted the final findings of the committee in a detailed report to King Mohammed VI, the Royal office said Tuesday, adding that the new model shall serve as a National Pact for Development. The report was commissioned by the Monarch as part of […]
Egypt and Sudan will hold a joint military drill dubbed Guardians of the Nile amid crisis over Renaissance Dam project by Ethiopia. Land, air and sea forces of both countries will take part in the drill scheduled May 26-31, Middle East Monitor (MEMO) reported citing the Sudanese army. The joint drill aims to exchange military […]
South Korea will fund the establishment of a technology center in Tunisia for the production of integrated solutions for the benefits of several sectors including agriculture. The $5 million worth financing will be signed shortly between the two countries, Webdo Tunis reports. The El Ghazela center will be located in the […]
Former Spanish Minister of Defense, José Bono, has highlighted Morocco’s precious contribution to his country’s fight against radical terrorist networks, underlining that Spain’s failure to recognize Morocco’s efforts is “a suicide”. “As a former minister of defense and former head of intelligence services, I want to assure you that thanks to the Kingdom of […]
The international community has slammed the “kidnapping” of Mali interim President Bah N’Daw and Prime Minister Moctar Ouane after soldiers took the civilian leaders into custody. Both leaders were reportedly taken to the Kati military base located near Mali’s capital, Bamako, drawing condemnation from the international community. “What happened was grave and serious […]
Morocco’s Central Bureau of Judicial Investigation (BCIJ) arrested two suspects affiliated with ISIS on Tuesday. A statement from the BCIJ, which works under the General Directorate of Territorial Surveillance (DGST), said that the suspects were active in Ait Melloul, a city in the suburban area of Agadir and Oulad Berhil in the Taroudant Province. […]
President of the European Bank for Reconstruction & Development (EBRD), Odile Renaud-Basso has voiced the Bank’s strong commitment to support Morocco’s economic recovery, regional integration, green economy, youth employment and gender equality. Mrs. Renaud-Basso made the remarks during her virtual talks Monday and Tuesday with Moroccan officials including ministers of economy Mohamed Benchaaboun and Foreign […]
Spanish far-right and anti-immigrant groups have fueled their discourse with the migration crisis that was triggered in a context of a row between Morocco and Spain which has admitted Polisario separatist leader in secrecy using false documents and a usurped identity. Instead of blaming their own diplomacy for undermining the partnership with Morocco, Spanish […]