First Independent Mena Newspaper
UN-backed Libyan authorities Sunday summoned French envoy for clarification following the death of three French military officers last week in the eastern part of the country. The Presidency Council (PC) led by Prime Minister Faiez Serraj summoned Ambassador Antoine Sivan to explain the presence of the French military in Benghazi. Three French military officers died […]
National Oil Corporation (NOC) chairman Mustafa Sanalla sent a letter to UN special envoy Martin Kobler warning him of the consequences of his meeting with “one of the most despised individuals” in Libya, Ibrahim Jadhran, ahead of announcing an agreement to open ports blockaded by Jadhran for almost 3years. A dismayed Sanalla discouraged Kobler from […]
The United States expressed support to Morocco’s decision to reintegrate the African Union (AU) saying this “reintegration will benefit the whole of Africa.” “We welcome Morocco’s request to reintegrate the African Union,” said Assistant Secretary of State, Tony Blinken, who was last week in Morocco, part of a Maghreb tour that also included Tunisia and […]
Morocco’s main tourist cities of Marrakech and Agadir saw French tourists’ reservation drop significantly in the aftermath of the Nice terrorist attack which left 84 dead on July 14. According to figures released by the French Travel Agencies’ Union, reservations by French tourists fell by 38% in Marrakech and Agadir since the attack took place, […]
Despite unfavorable regional and international conditions, Morocco’s economy is making strides in terms of reducing fiscal and external vulnerabilities, said Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board. “Despite the difficult global and regional environments, Morocco has made significant strides in reducing fiscal and external vulnerabilities and addressing medium-term challenges,” Furusawa […]
French utility company, Engie SA, wants to sell its gas exploration units in Algeria as part of a larger plan to offer its assets in Africa and Europe in a bid to reduce its exposure to volatile oil and gas prices, Bloomberg reported. “The company is planning to sell its upstream operations globally including businesses […]
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
More countries have joined the group of 28 member states of the African union, which addressed last Monday a motion to the AU chair expressing support to Morocco’s return to its African family and demanding the suspension of the self-proclaimed Sahrawi Republic from the pan-African organization. In this vein, Egypt’s Ambassador in Rabat, Ihab Jamaleddine […]
Morocco was listed among the least indebted countries in Africa in a report issued on July 21 by the United Nations Conference on trade and Development (UNCTAD.) The document, dubbed Economic Development in Africa Report 2016, highlights the sustainability of Morocco’s external debt and the viability of its investments in comparison to other countries in […]