First Independent Mena Newspaper
Algeria’s finances have been severely battered by the slump in oil prices, dwindling from $178 billion in 2014 to $114 billion by the end of 2016, Algerian Prime Minister Abdelmalek Sellal said. Speaking to state television, Sellal set the tone for appeasing worries saying that the situation is under control as criticism mounts over the […]
Morocco’s high-speed rail service, the first in Africa, is expected to be ready in 2018 with the progress of works reaching 85%, local media outlets reported. Operated by the Moroccan National Railways facility (ONCF), the Moroccan TGV will be launched in June 2018 linking at a first phase the cities of Tangier and Kenitra on […]
A breakthrough may be near in the long-running crisis that forced Morocco’s sole oil refinery Samir into closure after the court-appointed manager of the refinery received a buyout offer totaling $3 billion, several media reports said. The trustee running the company Mohamed El-Krimi was reported in the media as saying that he expects more expressions […]
The Banker Magazine, an offshoot of the Financial Times, awarded Attijariwafa Bank the title of the “Best Moroccan Bank” in 2016 for the 8thconsecutive time. Attijariwafa Bank Group was awarded two other prizes in London during the month of December, granted by prestigious British magazines in recognition for its performance over the past year. EMEA […]
The recent statements on Mauritania’s territorial integrity made by the Istiqlal party Secretary General “reflect only a personal point of view and are not in line with the permanent features of Moroccan diplomacy,” said Head of the Government Abdelilah Benkirane who had been received Wednesday by President Mohammed Ould Abdelaziz of Mauritania. Benkirane was dispatched […]
The Kingdom of Morocco has emerged as the best business-friendly country in the Maghreb and the second in Africa in the US Forbes Magazine’s 2016 ranking of Best countries for Business. The new ranking highlights the North African country’s key investment areas. For the famous magazine, Morocco owes its remarkable progress and attracting potential to […]
Morocco spent $6.2 billion on weapon deals from 2011 to 2015, said an annual Congressional study dubbed, “Conventional Arms Transfers to Developing Nations, 2008-2015, one of the most comprehensive assessments of global arms sales available in an unclassified form. The US continues to be the main arms supplier of Morocco over the same period with […]
In a region beset by turmoil and instability, Morocco stands out as a favorite holiday destination ranking in the top 3 of countries that attract most bookings by Western tourists. According to Rambo travel agency, Morocco registered one of the biggest reservation rates for the New Year holidays, preceded only by the US and Argentina. […]
Russia has called on the UN to give Libya’s strongman Khalifa Haftar, who is in conflict with the UN-recognized government in Tripoli, a larger say in resolving the conflict in the country. “We believe that the Libyans have to find a compromise on Haftar’s participation in the new Libyan leadership,” Russian Deputy Foreign Minister Gennady […]
The Polisario Front has been warned by one of its continental backers that there are odds that its seat as member of the African Union is at risk as several countries aligned with Morocco are set to vote for the eviction of the separatist front and its self-proclaimed pseudo Sahrawi Republic (SADR) from the Union. […]