First Independent Mena Newspaper
The trade and financial war currently unfolding between the U.S. and Turkey is opening new opportunities and risks for the Moroccan economy, which has signed free trade agreements with both countries. With Turkey facing a currency crisis, President Donald Trump last week doubled tariffs on imports of steel and aluminum to offset the effects of […]
Kuwait Monday dismissed reports that it has planned to inject $1.6 billion into the Turkish plummeting Lira which lost 40 per cent of its value against the US dollar amid the ongoing diplomatic crisis between Ankara and Washington. Kuwaiti Finance Minister Nayef Al-Hajraf discussed with his Turkish counterpart Berat Albayrak Turkey’s economic situation on Sunday […]
Egyptian President Fattah al-Sisi Monday told his Yemeni counterpart that Cairo is concerned about insecurity in the Red Sea after Houthi rebels attacked two Saudi oil tankers last month in the Strait of Bab al-Mandab. “We categorically reject that Yemen becomes a foothold for the influence of non-Arab forces, or a platform for security and […]
Iran’s Supreme leader Ayatollah Ali Khamenei in a message on his official website Wednesday called on Iranians not to worry after the U.S. re-imposed economic sanctions on the Islamic Republic as pressure aimed at forcing authorities in Teheran to renegotiate a new nuclear deal that suits the US terms. “With regard to our situation do […]
The United States Monday unwrapped a first wave of awaited sanctions against Iran as pressure to force the Islamic Republic negotiate a new nuclear deal that suits the terms of conditions of the White House. The new sanctions which came into effect, early minutes of Tuesday target Iran’s access to US banknotes and key industries, […]
Chinese workers at GAEA construction company staged a sit-in in Oran to demand the payment of their wages and urged President Abdelaziz Bouteflika to intervene. GAEA has been doing business in Algeria since 2008. It has asked the Algerian development company Chaabane Belazzoug to pay up to $1.6 million, but the company has ignored the […]
Morocco is on its way to become the world’s third largest producer of aluminum wheels as it continues to attract investments by world automotive industry giants. On July 26, China’s Citic Dicastal signed a deal with the Moroccan government to build two plants for auto wheel production in Morocco with an investment of €350 million […]
Morocco has voiced its readiness to contribute to all initiatives seeking to enhance further Chinese-Arab partnership, based on the principle of respect of the States’ sovereignty and non-interference in their internal affairs. Addressing the 8th China-Arab States cooperation forum held Tuesday in Beijing, Moroccan Foreign Minister Nasser Bourita said the reinforcement of partnership between China […]
The UN Office for the Coordination of Humanitarian Affairs (OCHA) welcomed the setting up by Morocco of a field hospital in Gaza to provide medical assistance to besieged Palestinians in the strip. OCHA lauded Morocco’s humanitarian engagement and expressed willingness to coordinate with the Kingdom in that area, OCHA assistant secretary general, Rashid Khalikov, said […]
GAZ, a leading manufacturer of commercial vehicles in Russia, has started selling a range of commercial vehicles in Morocco, in cooperation with its new distribution partner, Africa Motors (Auto Hall Group). The group hopes to make of Morocco a platform to further develop its business in the rest of African countries. The first model put […]