First Independent Mena Newspaper
The bill to regulate the use of cryptocurrencies in Morocco is ready, announced the Governor of the Central Bank (Bank Al-Maghrib- BAM), Abdellatif Jouahri. Speaking at a press briefing following BAM’s 4th and final quarterly meeting of 2022, Jouahri stressed that the draft to put in place a proper regulatory framework is ready. “For cryptocurrencies, […]
Remittances by Moroccan expatriates are expected to increase by 12.9 pc to $10 billion in 2022 before dropping by 4pc to $9.6 billion in 2023 due to the deterioration of economic conditions in the host countries, according to the forecasts of Morocco’ Central bank. As for travel receipts, they are projected to end the year […]
Member-states of the Organization of Islamic Cooperation (OIC) have chosen Nigeria to serve as a food and grain storage hub for the group’s member states. “All the member countries of OIC selected Nigeria as the storage hub,” Director of Nigeria’s Federal Department of Agriculture, Abdullahi Abubaka, said. The OIC Secretariat will mobilize resources, […]
Egypt has toppled Russia as a fertilizer exporter to European markets, with exports amounting to 1.5 billion euros during the first ten months of this year, compared to 521 million euros for the same period last year, Asharq Business reports, citing the Egyptian Export Council for Chemical Industries. The council on Wednesday quoted a report […]
A ceremony held in Nigeria on Tuesday (20 December), which saw twenty historic bronze sculptures returned to the country by Germany as part of efforts to address its “dark colonial past,” was the culmination of a years-long process that upended Germany’s approach to museum items looted during the colonial era. Germany’s Foreign Minister Annalena Baerbock […]
The United Nations Security Council has just adopted a resolution relaxing the embargo on arms exports to the Democratic Republic of Congo (DRC), a decision hailed by Kinshasa as an “injustice repaired”. The resolution removes language that previously required countries to inform the Security Council and its 15 members of any sale of arms or […]
The players of the Moroccan national soccer team and their mums will never forget the magic moments they lived when King Mohammed VI received them Tuesday at the royal place in Rabat. Accompanied by Crown Prince Moulay El Hassan and Prince Moulay Rachid, the Monarch rewarded president of the Royal Moroccan Football Federation Fouzi Lakjaâ, […]
Morocco, Mauritius and South Africa are ranked as the most innovative African countries as they have significantly moved up closer to developed economies in the rankings over the past few years. The 15th edition of the Global Innovation Index released recently by the World Intellectual Property Organization (WIPO) has highlighted Africa’s success in 2022 noting […]
Morocco is poised to leave the grey list of the Financial Action Task Force (FATF), a move that will facilitate Morocco’s access to international debt market and improve its sovereign rating, central bank governor said. The bank hiked its benchmark interest rate by 50 basis points to 2.5% as it expects inflation to surge to […]
The Atlas Lions made their triumphal return in Rabat where tens of thousands of jubilant Moroccans lined to greet the players after their memorable run in Qatar World Cup. The red open bus carrying the national squad was met with thousands of flag waving, singing and dancing Moroccans from Sale to the Royal palace in […]