First Independent Mena Newspaper
The decision by King Mohammed VI to fire Economy and Finance Minister Mohamed Boussaid continues to draw the attention of the Moroccan media and analysts who have been trying to find other interpretations of such a decision. The Royal palace said in a statement that Boussaid was dismissed in line with Article 47 of the […]
Morocco loses between 5 to 7% of its GDP due to corruption, head of the government Saad Eddine El Othmani said urging action to fight this calamity. Speaking at a recent meeting with his party members, El Othmani stressed the need for achieving the goals of Morocco’s anti-corruption strategy in two years. “There should be […]
Morocco’s unemployment rate eased to 9.1% by June 2018, compared to 9.3 the same period last year, Morocco’s High Planning Commission (HCP) said. Between June 2017 and June 2018, the Moroccan economy created 117,000 jobs, 74,000 of them in cities and 42,000 in rural areas, while a year earlier it only created 74.000 jobs, HCP […]
Moroccan OCP Group, the world’s largest exporter of phosphates, has signed a cooperation agreement with German Fraunhofer Institute for Microstructure of Materials and Systems in Halle (Saale), to develop solutions for a sustainable fertilizer. The two sides pledge to work together to boost the use of renewable raw materials in the fertilizer industry. They will […]
The International Finance Corporation, a member of the World Bank Group, has teamed with Gaia Energy, a Moroccan renewable energy developer, to set up a joint platform for the development of wind power and other renewable energy projects in Africa. Gaia Energy is active in 10 countries across Africa. The new joint platform will start […]
The European Bank for Reconstruction and Development (EBRD) has announced a €205 million loan to Egypt to help the transports authority rehabilitate Cairo Metro, the major means of public transport in the Egyptian capital. The funds will finance urgent works on Line 1 – the oldest of the Cairo underground lines – which remains the […]
The abundance of sun and wind is increasingly attracting foreign firms to invest in Morocco’s south, the Sahara, as the government set the target of generating 50% of its energy mix out of renewable sources. The recent announcement by Soluna, a New York-based computing company backed by Brookstone Partners, to build a wind-powered center in […]
EU Commission chief Jean-Claude Juncker promised to release €55 million from the emergency fund to help Morocco and Spain tackle the rise of illegal migration in the Western Mediterranean. The news came after reports cited that Morocco requested help to address the illegal migration challenge in its north as an increasing number of migrants are […]
The Tunisian Interior Ministry has linked the Wednesday robbery of a bank near the border with Algeria to a terrorism act. An armed group left with the money available in the bank after breaking into the financial institution in the town of Kasserine near the Algerian border on Wednesday, local media Tunisie Numerique reports. An […]
The Government is getting mobilized to implement the social and economic roadmap outlined by King Mohammed VI in the Throne Day speech he delivered on Sunday (July 29) and wherein he urged the Government and all the stakeholders concerned to undertake an in-depth, thorough restructuring of national social welfare programs and policies. In this connection, […]