First Independent Mena Newspaper
Morocco’s phosphates company, OCP, denounced the “political piracy’” practiced by South Africa, which has been detaining the vessel Cherry Blossom loaded with 55,000 tons of Moroccan Sahara phosphates bound for New Zealand for more than 70 days, in a hostile act revealing the striking partiality of Pretoria’s justice system. In a statement, the OCP and […]
Mauritanian authorities declared the borders with Algeria and Mali a military zone strictly forbidden to civilians amid the proliferation of terrorist groups that engage in all kinds of criminal activities including kidnappings and all sorts of trafficking. The decision was announced by Mauritania’s defense minister on official media warning with a serious tone that “any […]
Morocco’s increasing diplomatic and economic clout in Africa enables it to offer a gateway for Russian business wishing to invest on the continent. The visit by Morocco’s foreign Minister to Moscow is part of a Moroccan endeavor to strengthen its role as a platform for Russian investments towards Africa. “His Majesty King Mohammed VI is […]
French company Faurecia, a world leader in car parts manufacturing, is planning to build in Morocco its third plant specialized in car interiors and emissions control devices. The plant will open its doors next year in the coastal city of Kenitra, Faurecia Chief Executive Patrick Koller said in a statement, following the inauguration of the […]
Less than a year after King Mohammed VI paid a landmark visit to East Africa that was crowned by the launch of several development projects in the visited countries, a Moroccan delegation is currently touring the region to assess the progress made in the implementation of these projects. The delegation’s tour includes Ethiopia, Rwanda Tanzania, […]
Morocco tops the ranking of most hospitable North African states towards Sub-Saharan migrants, a study, conducted by the US News and World Report, found. The study was based on a poll involving 21,000 people from 80 countries responding to questions on economic stability, access to the job market, equality of revenues and habitability. The countries […]
International media watchdogs criticized Algeria’s repressive measures to intimidate journalists and demanded the immediate release of journalist and fixer Saïd Chitour who has been held in pretrial detention on allegations of spying for over a month. Reporters without Borders (RSF) released a statement denouncing as “excessive” the pretrial detention of Chitour, and expressing concern over […]
Turkey and Israel are seemingly set to finalize the deal on a pipeline that will connect the two countries before the end of the current year, during an official visit to Tel Aviv by Turkish Energy Minister Berat Albayrak. The Turkish official’s visit to Israel was announced by Israeli Energy Minister Yuval Steinitz, on the […]
Capital markets are reasonably deep and well developed in Morocco wherein institutional investors buy long-term senior and subordinated bonds issued by Moroccan banks, says Fitch Ratings in its latest report on Moroccan retail housing finance market. The introduction of a covered bonds market in Morocco would support continued strong growth of retail mortgage lending, adds […]
Morocco’s Banque Centrale Populaire (BCP) Group has become the largest banking group in Niger, after it finalized Tuesday the acquisition of the International Bank for Africa, so far the second-largest banking institution in the African country. With the completion of this transaction, the BCP Group holds, through its subsidiary ABI, 69.51% of the capital. BCP […]