First Independent Mena Newspaper
multinational aerospace and transportation company Bombardier said it will set up a rail factory in Morocco worth €60 million with a potential to employ 2000 people by 2020. The announcement was made by head of Bombardier activities in Morocco Taoufiq Boussaid, who was speaking at the Rail Industry Summit in Casablanca. He said that Bombardier […]
Lebanese Prime Minister Saad Hariri has accepted to put on hold his announced resignation pending new negotiations after President Michel Aoun asked him to do so. “I presented today my resignation to President Aoun and he urged me to wait before offering it and to hold onto it for more dialogue about its reasons and […]
Morocco has set the goal of joining the 50 most powerful economies of the globe by 2021, said Head of the Government, Saad Eddine El Othmani. El Othmani, who was speaking at the 13th World Islamic Economic Forum in Malaysia, said that Morocco has taken the necessary reforms to achieve that goal, citing notably the […]
Morocco’s Court of Auditors, led by former PM Driss Jetou, has issued a report drawing a diagnosis of the civil service while offering eleven recommendations to boost its effectiveness. The report was issued after King Mohammed VI gave scathing criticism in the Throne Speech last July of the underperforming civil service drawing a contrast between […]
Battered by falling oil and gas revenues, Algeria’s foreign exchange reserves are expected to further shrink to $97 billion, down from $193 billion in 2014, official data shows. With the slump in oil prices, the rest of the Algerian economy can’t generate the foreign exchange needed to pay for imports as oil and gas represent […]
The transactions made via Bitcoin, the digital payment system, constitute a “violation of regulations, punishable by penalties and fines”, said the Moroccan government agency “Office des Changes”. The Office stand comes few days after Moroccan digital services company MTDS said it would accept payment in bitcoin. According to the Office des Changes, the use of […]
Morocco and 18 other nations have recently committed to increase the use of wood and other plant matter from sustainable sources to generate energy as part of efforts to limit climate change. The group said at the UN Climate Summit Cop 23 held in Bonn that they will endeavor to promote the use of sustainable […]
Global outrage has followed the shocking video footage that has emerged claiming to show Sub-Saharans being sold at auction in Libya slave markets. The video showed migrants referred to as “merchandise” sold off for $400. Protests erupted in Europe and Africa, while soccer stars and U.N. officials made impassioned pleas for the abuse to end. […]
“The Sahrawi Initiative for Change” is the name of a new protest movement that is gaining momentum in Tindouf camps demanding an end of the corruption and siege imposed by the Polisario leadership on the Sahrawis held against their will in south-western Algeria. The initiative was met by abhorrent oppression by the Polisario militia and […]
The surge of illegal migration attempts on board inflatable boats departing from Algeria has pitted the Spanish authorities against their Algerian counterparts. The increase in illegal migrants’ arrivals from Algeria has prompted the Spanish Interior Ministry to summon the Algerian Ambassador to offer explanations in this respect in a move that is indicative of a […]