First Independent Mena Newspaper
Speaker of the Morocco parliament has reiterated the kingdom’s position on Israel, stressing that the Arab country has no plans to thaw ties with the Jewish state amid reports of Tel Aviv’s increasing desire to scale up relations with Rabat. Habib El Malki, speaking to Israeli Maariv paper in Paris on the sidelines of the […]
Morocco and Djibouti signed Monday in Rabat a framework agreement aimed at strengthening bilateral cooperation in the fields of energy, mining and geology and at providing an interaction platform for stakeholders and investors in these sectors. The framework agreement is part of Morocco’s African strategy seeking to support the sustainable development of the continent, mainly […]
The recently found gas in Tendrara in eastern Morocco would cover up to 30% of Morocco’s gas needs, said Energy Minister Abdelaziz Rebbah. Currently 13 companies are exploring oil and gas in Morocco including in the Western region north of Rabat, he said. Morocco is a major energy importer in North Africa as it lacks […]
American company Spirit Aerosystems, which has purchased the bombardier plant in Casablanca, is expanding its Moroccan factory from 10,000 m² to 25,000 m² and increasing its workforce from 350 to 850 employees. The announcement was made Monday following a meeting held in Rabat between minister of industry & trade Moulay Hafid Elalamy, and senior leaders […]
Morocco has made significant strides in strengthening the resilience of its economy in recent years, says the International monetary Fund after completing lately its second review under the Precautionary and Liquidity Line (PLL) arrangement sealed with the North African Kingdom. The two-year arrangement supports the efforts made by Morocco to promote higher and more inclusive […]
Leaders of the G5 Sahel summit, convened Sunday in Niamey, called for enhanced cooperation among member countries of the G5 Sahel group and urged the international community to support this regional bloc in its war against jihadist networks. The summit, which gathered the leaders of Niger, Burkina Faso, Chad, Mali and Mauritania, was held after […]
A court in Sudan last weekend convicted former President Omar al-Bashir on corruption charges and sentenced him to a two-year detention in a reform facility. Dressed in traditional white robes and a turban, Bashir watched silently from inside a metal defendant’s cage while the judge read out the verdict on Saturday. Al-Bashir ruled Sudan for […]
Qatar Sunday vowed to provide security and economic support to UN-backed Government of National Accord (GNA), becoming therefore the second country after Turkey to pledge open support to the weak government. The Gulf country made the pledge Sunday during GNA leader Faiez Serraj’s visit to Doha. He met with Emir Tamim bin Hamad Al Thani […]
National Bank of Oman, NBO, will cease operations in Egypt early next year at the decision of the board of directors. The NBO, registered on the Muscat Securities Market (MSM), has received approval to wrap up activities in Egypt, Mubasher reports. The outlet, citing bourse sources, notes that the closure will take place in Q1 […]
In Mauritania, Proparco, a Development Financial Institution partly owned by the French Development Agency, has signed an agreement with Attijari Bank Mauritania, the local subsidiary of the Moroccan financial group Attijariwafa Bank, to guarantee up to €5.5 million ($6.1 million) loans to approximately 140 Mauritanian small and medium-sized enterprises (SMEs). According to the MoU signed […]