First Independent Mena Newspaper
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 […]
Morocco’s Gross Domestic Product (GDP) is expected to fall by 6.3 pc this year before recovering quickly and rebounding by 4.7 pc in 2021, said on Tuesday Bank Al Maghrib in a press release issued following its third quarterly meeting. According to the experts of the Kingdom’s central Bank, the Moroccan economy has been affected […]
Secretary General of La Francophonie Louise Mushikiwabo has appointed Morocco’s Ambassador to Nigeria, Moha Ouali Tagma, member of the high-level delegation of the International Organization of La Francophonie (OIF) in charge of supporting the civil transition process in Mali. This appointment is a recognition of Morocco’s commitment to peace and regional stability and of the […]
The Polisario is playing again the card of the border crossing between Morocco and Mauritania known as Guarguarate by attempting to hinder the flow of commercial traffic in the demilitarized strip monitored by the UN. The Polisario this time sent agents in civilian dress loyal to its separatist agenda after the Algerian-funded and armed militia […]
Morocco and China’s Sinopharm CNBG have signed an agreement to carry out tests for the new coronavirus vaccine, which so far exceeded the required number by six as members of different security services topped the list of volunteers, the Moroccan media said. Most volunteers were from the Royal Armed forces, Auxiliary forces, the Royal Gendarmerie, […]
Algeria’s communication ministry Monday issued a ban on French TV M6 for the production of a clandestine reportage on Hirak, the popular demonstrations that have engulfed the country since February last year. “This precedent is pushing us to ban M6 from operating in Algeria, no matter how,” the ministry said in a statement. M6 on […]
Former Defense Minister Bah N’Daw was officially designated Monday transitional president of Mali, and President of the National Committee for the Salvation of the People (CNSP), Assimi Goita, was nominated transitional vice-president. The two men were appointed by a 17-member commission set up by the junta to oversee an 18-month transition before elections, Assimi Goita […]