First Independent Mena Newspaper
The European Bank for Reconstruction and Development (EBRD) announced on Wednesday a €45.5 million loan to Eczacıbaşı Consumer Products Maroc (ECP Maroc) to enable the Moroccan subsidiary of Turkish group Eczacıbaşı Consumer Products (ECP) to acquire Jeesr, a leading manufacturer of tissue paper products in Morocco. This is the Bank’s first cross-border acquisition financing package […]
Morocco and Slovenia agreed to strengthen their political and economic partnership and decided to open embassies in their respective capitals, Rabat and Ljubljana. The decision was made Tuesday in Rabat during talks between visiting Slovenian Foreign Minister Tanja Fajon and her Moroccan peer Nasser Bourita. “We welcome Slovenia’s decision to open an embassy in Rabat. […]
The European Union’s migration deals with Tunisia and Mauritania have proved to be controversial, with the former strongly criticized for fundamental rights violations of migrants stranded in the north African country, while the latter has not discouraged thousands of Africans from increasingly going through Mauritania to reach European shores. In July 2023, the EU signed […]
Cash-strapped Tunisia will get 450 million euros from the European Investment Bank to fund small and medium-sized enterprises and infrastructure projects, the bank said. The financing deal will be signed on Thursday at the Tunisia Investment, the bank said in a statement, adding that the loan will benefit “high-impact projects for the population and the […]
Slovenia’s foreign minister Mrs. Tanja Fajon has voiced her country’s strong support for Morocco’s Autonomy Plan offered for the Sahara under its sovereignty, saying the plan is “a good basis for reaching a final and consensual solution.” In a joint statement issued in Rabat following her talks held Tuesday with Moroccan peer Nasser Bourita, the […]
Senegal and Mauritania are forging ahead with their joint gas fields with the arrival of BP’s floating production, storage, and offloading (FPSO) unit in the Grand Tortue Ahmeyim (GTA) Phase 1 LNG project. The vessel, built at China’s COSCO Qidong Shipyard, will serve the Greater Tortue Ahmeyim (GTA) liquefied natural gas project, which is planned […]
The Spanish National Police announced, on Thursday, the arrest in Teulada (Alicante), of an individual for his alleged membership of the terrorist ISIS group, during an operation carried out jointly with Morocco’s Directorate General of Territorial Surveillance (DGST). “The individual is accused of alleged participation in the crimes of integration of a terrorist organization, recruitment, […]
Germany has granted Morocco a €100 million loan to assist the Kingdom’s earthquake reconstruction program, alleviate the socio-economic burdens placed on the local population, and assist in managing the aftermath of the disaster that hit Morocco in September last year. The loan agreement was signed in Rabat on Wednesday by Minister in charge of Budget, […]
Morocco as an attractive investment destination was under the spotlights during the 10th edition of “The Africa Debate”, held Wednesday in London. The event, named “Morocco Investment Forum,” provided a platform to promote the wide range of opportunities Morocco is offering in different sectors, mainly renewables, telecommunication, and industry. The event focused on Morocco’s strategic […]
The Mohammed V Foundation for Solidarity launched this Wednesday the “Marhaba Operation” 2024 destined to facilitate the return home of Moroccans living abroad for their annual summer holidays. Some 1400 persons have been mobilized to ensure success to this annual operation to last until Sept.15. The Foundation’s executives, social workers, doctors, paramedical staff as well […]