First Independent Mena Newspaper
Morocco will bolster the defense capabilities of its F16 fighter jets with the acquisition of advanced medium range air-to-air AMRAAM missiles, the Pentagon said in a press release. A contract has been signed between Morocco’s air force and the US defense contractor, Raytheon, providing for the acquisition of the air-to-air missiles as well as for […]
King Mohammed VI of Morocco has had a telephone call with President-Elect George Weah, a former international football star, who won Liberia’s presidential election, defeating Vice-president Joseph Boakai in a runoff with 61.5 pc of the vote. During the phone call, the Moroccan Sovereign offered his “warmest congratulations” to George Weah for his victory, said […]
A “Partnership of Hope” was the wording used by the Times of India to describe the ever-growing ties between Morocco and India. In an article published on the website of the Indian paper, Rudroneel Ghosh reflected on the significance of the cooperation agreements signed by the two countries in December in fields including healthcare, Road […]
Algeria has announced its plan to increase its car production capacity to 260,000 by 2018, a goal that remains hard to attain in light of the absence of a clear-cut strategy. The development of the car industry sector in Algeria was an attempt to reduce the country’s soaring import bill. Algeria imported 605,000 cars in […]
Spain remained Morocco’s top trading partner in 2016 with trade turnover totaling $10.6 billion up from $9.3 billion in 2015, Morocco’s foreign exchange regulatory authority, L’Office des Changes said. Between 2015 and 2016, Morocco’s imports from Spain rose from $4.4 billion to $6.2 billion, while its exports to the country jumped from $4.2 billion to […]
Remittances of Moroccans living abroad, one of the main source of foreign exchange reserves in Morocco, grew by 4% in the first eleven months of 2017 to stand at 60.2 billion dirhams ($6.5 bln), while FDI flow in the country grew by 13.2% to 21.8 billion dirhams over the same period compared to 19.3 billion […]
Bahrain’s Islamic Bank, Al Tamweel wa Inma (BTI) Bank, which opened lately its headquarters in Casablanca, looks forward to setting 37 branches by 2022 in various cities of Mo-rocco. The BTI Bank has been launched following the partnership sealed by Al Baraka Banking Group (ABG), the leading multi-national Islamic Banking Group, headquartered in Bahrain, and […]
Marrakech closed 2017 with a record number of 2 million tourists and 7 million nights. Figures released by the regional tourism center show that tourists visiting the Red city increased 20% in 2017 while registered nights grew 18% compared to last year. German tourists visiting Morocco’s first tourist hub rose by 56% followed by the […]
Morocco was ranked first in North Africa and third in the continent in the Global Knowledge Index (GKI), co-established by the United Nations Development Program (UNDP) and Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF). The GKI aims at measuring knowledge as a broad concept that is intricately related to all aspects of modern human […]
An army colonel died Thursday in a roadside bomb attack in the restive Sinai province, reports say. The attack took place outside the city of Bir al-Abd and targeted an armored patrol vehicle in which the military commander was, The New Arab reports citing security and hospital officials. The attack killed five other soldiers also […]