First Independent Mena Newspaper
Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]
Algeria’s trade deficit slipped into 14 billion dollars in the first 8 months of 2016 because of the fall in oil revenues, propelling the government to draft an austere appropriation bill for 2017 with the introduction of new taxes in a bid to minimize losses. Algeria’s trade deficit worsened despite an 11% decline in imports […]
A number of recent developments noticed both in Mauritania and Morocco have heralded normalization of diplomatic ties between the two Maghreb countries following a recent tension in their relations, after a change in Mauritania’s stand vis-à-vis the Polisario Front, which disputes Morocco’s sovereignty over the Western Sahara territory. One strong signal of a thaw in […]
Israeli Prime Minister’s office has warned Israeli Jews of Moroccan descent to avoid traveling to the North African country to mark Hiloula due to serious threats of terrorist attacks. Hundreds of Jewish tourists of Moroccan origin flock every year to the Kingdom to mark Jewish religious rituals but the celebration this year, according to Israeli […]
Moroccan security services said Wednesday they have averted and foiled terrorist attacks in the North African country thanks to the recent arrest of three extremists affiliated to ISIS terror organization. The three captured men were active in the Northern Moroccan cities of Tangier and Mdiq, said a press release issued by the Ministry of the […]
Thousands of Moroccan migrant workers are facing humiliation in Algeria where authorities abruptly imprisoned or dispossessed them of their properties in a stark violation of international law and Algiers’ commitment as part of bilateral labor agreements with Morocco. In this connection, following the arrest of 84 Moroccan nationals by Algerian authorities, Assabah newspaper sheds light […]
French President François Hollande publicly threw his full support behind Morocco, from New York Tuesday, saying he has “full confidence in Morocco’s hosting of COP22.” Speaking to the media following a key meeting on renewable energy, held at the initiative of African countries, President Hollande said France stands ready to make the coming November UN […]
Libya’s Government of National Accord (GNA) Tuesday expressed its gratitude to the Moroccan monarch for his constant and firm support to the stability of the North African country, which is going through turmoil. “The support extended by H.M. King Mohammed VI and Morocco to Libya is firm and constant,” said the GNA’s Foreign Minister, Mohamad […]
The European Bank for Reconstruction and Development (EBRD) announced Wednesday it granted a €24 million loan to Elephant Vert, a Morocco-based producer of bio-fertilizers, bio-pesticides and bio-stimulants. Elephant Vert is the first company in the southern and eastern Mediterranean region exclusively dedicated to the development and production of a full range of these innovative bio-inputs. […]
American investors are showing an increasing interest in Morocco’s renewable energy potential as the North African country gears for the UN summit on climate change in November. Local daily L’Economiste on Tuesday states that American investors could move on for action before the Marrakesh conference, scheduled for November 7-18, and that partnerships could be announced […]