First Independent Mena Newspaper
The French Council of Ministers adopted Wednesday the bill ratifying the end of the CFA franc. This text formally validates the transformation of the West African currency, which will change its name to eco. It is a new step after the announcement made on December 21 by Presidents Emmanuel Macron of France and Alassane Ouattara […]
The recent decision by the Moroccan state to rent the storage platforms of Samir refinery was seen by staff and analysts as a first step towards finding a solution to the plant that would lead to relaunching the refining activity in the country. Morocco’s only refiner Samir in Mohammedia has been shut down since 2015 […]
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 […]
Total coronavirus cases have risen in Mauritania to 141, a month after it declared that it became coronavirus-free after seven recoveries and one death. The surge in cases in the sparsely populated West African country highlights the risks surrounding confinement easing and the need for vigilance and strict social distancing measures. The virus is circuitous […]
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 […]
The Egyptian army has been instructed to beef up its presence in the west, near the border with Libya for fear that terrorist elements might attempt infiltrate into the country after forces aligned with UN-backed Government of National Accord (GNA) took control of key airbase from ally General Khalifa Haftar. Bassem Rady, spokesperson for the […]
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 […]