First Independent Mena Newspaper
Despite a sizable fiscal consolidation in 2017, the fiscal and current account deficits remain large in Algeria, which continues to face important challenges posed by the fall in oil prices four years ago, the IMF said. The fall in oil revenues was mostly felt in Algeria’s reserves which fell by $17 billion to $96 billion […]
Morocco’s bid to host the 2026 World Cup passed the first test of the FIFA taskforce and is set to compete with a joint United States, Canada and Mexico bid in a vote on June 13. Morocco scored 2.7 out of five in Fifa’s test while the joint bid scored four. However, Morocco was judged […]
Morocco and the EU have resumed talks to renew the four-year fisheries agreement to expire on July 14. The Moroccan delegation was led by Foreign Minister, Nasser Bourita, while the EU’s was chaired by Joao Aguiar Matchado Director-General for Maritime Affairs and Fisheries. The EU decision to open talks for the renewal of the fisheries […]
Morocco has a booming aeronautics industry attracting world giants from Bombardier to Boeing bringing the local sourcing rate to 29% currently with the goal of reaching 35% by 2020. The industrial clusters created to support this industry have proven their efficiency towards increasing the local sourcing rate up from 17% in 2016. Industry Minister, Moulay […]
As it continues its sealed border policy with neighbors, combined with import restrictions, Algeria deepens its isolation in a dynamic African continent, further undermining prospects of economic diversification away from oil and gas. In a two-speed Africa where countries post two-digit growth rate, Algeria lags behind due to the short-sightedness of its leaders who failed […]
The European Union has earmarked €467 million funding to assist vulnerable migrants and refugees and address root causes of irregular migration. The new support measures in the Sahel/ Lake Chad region and the Horn of Africa will foster stability, jobs and growth, especially for young people and vulnerable groups. They complement ongoing bilateral and multilateral […]
After years of fighting for their rights despite crackdown and imprisonment, members of Mauritania’s leading anti-slavery NGO, the Resurgence of the Abolitionist Movement (IRA) are preparing their participation in local elections to make their voice heard. Led by recipient of UN human rights prize in 2013, Biram Ould Dah Ould Abied, IRA is not recognized […]
The Andean Parliament unanimously expressed full support for Morocco’s initiative to grant autonomy to its southern provinces as a lasting political solution to the regional conflict over the Sahara. The members of the Parliament, who met in the southern Chilean city of Pucon, cited UN resolution of April 30, 2007 describing the autonomy initiative as […]
Morocco’s thriving automotive industry continues to attract foreign investors and car parts markers looking for business and growth opportunities. Among these investors, Adient, the global leader in automotive seating, which has announced the opening of its first plant in the North African Kingdom. The plant, based in Kenitra, will expand Adient’s fabrics business, which designs […]
The UK-based mining exploration company Altus Strategies Plc is expanding its presence in Morocco. Through its 100% owned subsidiary Aterian Resource Ltd, this company has obtained new exploration licenses for zinc and copper in the North African Kingdom. The new permits will enable Altus engineers to carry out exploration works in Ammas, Takzim Est and […]