First Independent Mena Newspaper
Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]
Spanish Interior Minister Juan Ignacio Zoido underscored Morocco’s key role in promoting the European Union’s counterterrorism efforts, saying that the Kingdom is Spain’s “best partner” in addressing the global scourge of jihadism. The Spanish minister, who made the statement at an address to a conference in Madrid themed: “European Union Challenges: Jihadist Terrorism”, stressed that […]
Prime Minister-designate Fayez al-Serraj of the UN-backed Government of National Accord has revealed plans for presidential and parliamentary elections in 2018 as he stated that “the time has come for unity and salvaging our nation.” In a televised speech broadcast over the weekend, Serraj said he was presenting his “vision and proposals for the next […]
The longstanding ties between Morocco and African countries, recently strengthened by a well-deserved return to Africa’s institutional family, the African Union, enables the Kingdom to play the role of a gateway to several countries looking forward to foster ties with the continent. Argentinian media has recently raised the importance of Morocco’s network and diplomatic ties […]
Morocco’s team taking part in the World Para Athletics Championships currently held in London has so far won 2 medals and more are expected to come. The first gold medal was grabbed by Sanaa Benhama in the Women’s 1500m T13 with a 4:40.40 timing. Tunisian defending champion Soumaya Boussaid finished 2nd clocking 4:40.89 ahead of […]
Moroccan authorities handed over to Italian counterparts a stolen 17th century Baroque Italian painting worth up to six million euros. The painting by Giovanni Francesco, known as Guercino, had been recovered in Morocco after being stolen from a church in the northern Italian city of Modena in 2014. The Moroccan police returned the painting to […]
Morocco’s state-owned railway operating company (ONCF) posted a net profit of 223 million Dirhams in 2016, up 31% compared to 2015. The company said in a statement that its turnover over the same period reached 3.7 billion DH with an added value of 2.5 billion DH and a self-sustainability of 273 million DH, 5.8% higher […]
The African Development Bank (AfDB) approved a loan of $200 million to Morocco to boost the country’s industrialization plan, local media said. The loan will help fund the first phase of the support program of the Industrial Acceleration Plan, which aims to create 500,000 jobs by 2020 and to increase the share of industry in […]
In detaining a vessel loaded with Sahara phosphates bound for New Zealand, the ruling party in South Africa, the ANC, is reconnecting with its anachronistic populist marxist ideology, putting politics above justice in a hostile action that threatens to derail a peace process led by the UN, said the US public policy think tank, The […]
Morocco, under the leadership of King Mohammed VI, stands as a peaceful oasis of religious tolerance and coexistence between Jews and Muslims, said NBC news in an article on its website. Titled, “For Jews and Muslims of Morocco, a Supportive Relationship Built on a Complex History,” the article sheds light on centuries-old history of Jewish […]