First Independent Mena Newspaper
Morocco was among the countries that benefited from the resumption of grain shipments from Ukraine receiving so far 111.1K tons of grains, according to UN data. The Black Sea Initiative was agreed between Russia and Ukraine following Turkish and UN mediation in 2022 to help secure safe food shipments, notably cereals. Russia however said it […]
Algeria is rushing to find an alternative to Russian arms which has fallen sharply due to the war effort in Ukraine. Algeria has for long been the third buyer of Russian arms which make up more than 80% of its arsenal. The war in Ukraine has disrupted major transactions, including a 7 billion-dollar-deal to buy […]
Tunisia and South Korea signed Thursday in Tunis several agreements in multiple areas including investment and trade, ahead of the second Economic Forum between the two countries, Tunisie Numerique reports. Najla Bouden, Tunisia’s Premier, the media notes, received a high-key South Korea delegation headed by Park Heong Joon, who doubles as Mayor of Busan Metropolitan […]
Morocco’s tourism promotion office ONMT signed deals with Asian tourism professionals and operators in a push to showcase Morocco’s attractions and attract more arrivals. The deals aim to double flights from Gulf airports, a key hub connecting Morocco to the rest of Asia and Australia. The ONMT also agreed with Wego group, a search engine […]
The Korean group SJM inaugurated, Thursday in Tangier Automotive City (TAC), a new industrial unit specialized in the production of modules and interior components of flexible insulation for the automotive industry. This new facility, which was inaugurated in the presence of officials of the Korean group and the Tangier Med group, is part of the […]
Egypt’s General Authority for Investment and Free Zones has indicated that the North African country is seeking cooperation with Japan to localize the automobile industry. Hossam Heiba, Chairman of the authority, discussed with President of Toyota Tsusho a sustainable partnership between the two countries to conquer the African market, leveraging on Japan’s technological, investment and […]
Israel plans to set up an economic mission in Morocco to further bolster trade between the two countries after the momentum created by the resumption of ties in 2020. In 2022, trade between the two countries rose to 180 million, up 160% compared to 2020, with a potential to outperform that as Moroccan and Israel […]
Royal Air Maroc has resumed direct flights between Casablanca and Moscow, after more than a year of absence from the Russian travel market. The announcement was made Tuesday by several Russian news outlets and travel agents association. The non-stop flights will operate twice a week on Wednesdays and Fridays from Moscow to Casablanca and on […]
Europe is increasingly turning to Africa to find alternatives for Russian energy supplies it has shunned since the start of the war with Ukraine, while the United States, China and Russia are racing for economic influence on the continent. These four global powers are in a race to win over Africa, the continent’s market of […]
Japan will finance the construction of Cairo’s fourth metro line to the tune of $700 million. The announcement was made Sunday during a visit to Egypt by the Japanese Prime Minister Fumio Kishida. This Japanese investment is one of the largest packages to support the plan to develop transportation in Egypt. The fourth phase of […]