Europe Headlines International Morocco

New Agadir- Port-Vendres maritime connection enters into service

A new Morocco-France maritime connection dedicated to refrigerated containers entered into service on March 21, announced the National Ports Agency (ANP).   The new line connects the Moroccan southern city of Agadir and Port-Vendres (France) once a week.   This new shipping line seeks to replace TIR traffic using the Tangier MED port platform with […]

Americas Asia Headlines International

Iraq: US-led coalition hands Qayyarah airbase to army

The US-led coalition combating the Islamic state group (ISIS) and other terror groups in Iraq have surrendered Qayyarah in southern Mosul to the army, Turkish news agency Anadolu has learned. A military source who asked not to be named because of restrictions, told the news agency that the handover took place after French troops left […]

Africa Headlines International

Malian opposition leader kidnapped ahead of general elections

In an unprecedented first for a Malian politician of his rank, unidentified gunmen kidnapped the leading opposition figure Soumaila Cisse and his team on Wednesday, March 25 afternoon, his party said. The Union for the Republic and Democracy (URD) party sounded the alarm later on Wednesday after Cisse failed to turn up to an appointment […]

Africa Business Headlines International

Africa turns to mobile payments as a tool to curb COVID-19

As Covid-19 continues to spread in Africa, the continent is developing new habits to facilitate lives of people. Part of these new habits, Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward […]

Americas Finance Headlines International Morocco

US Grants Morocco $670,000 to cushion coronavirus blow

The United States government has granted Morocco $670,000 (6.6 millionDH) to respond to the outbreak of the novel coronavirus (COVID-19), announced the US embassy in Rabat.   The funds are provided by the Emergency Reserve Fund for Contagious Infections Diseases at the US Agency for International Development (USAID), said the embassy in a statement.   […]

Headlines Morocco

Coronavirus: Business as usual in Tanger-Med, health control tightened

The import and export activities in Tanger-Med port continue as usual, but in view of the outbreak of the coronavirus pandemic, it has been proceeded to the tightening of health and sanitary control of professional drivers of international road transport, in accordance with the health emergency decreed in Morocco.   All the services of the […]

Finance Headlines Morocco

Fitch Ratings: Morocco has Buffers against Pressure on its Finances due to Covid-19

Pressure exerted on Morocco’s current account deficit (CAD) and external finances have increased significantly due to the COVID-19 pandemic global shock, Fitch Ratings says. However, the North African country has buffers to manage increased pressures, including recently displayed willingness to adjust the flexibility of the exchange rate regime, adds the international rating agency. Disruptions to […]

Finance Headlines Maghreb Morocco

Covid-19: Morocco to start paying compensations to the unemployed

Moroccan pension fund CNSS will start distributing a monthly compensation to the people who lost their jobs due to the consequences of coronavirus. Since Morocco imposed a quarantine and banned all travel, many employees of the tourism sector, services and non-essential sectors lost their jobs or were unpaid. The economic monitoring committee said the people […]

Headlines Morocco

Coronavirus: 55 new cases confirmed in Morocco, total rises to 225

The Ministry of Health Wednesday announced 55 new COVID-19 cases in Morocco. The total number of people infected in the North African country increases to 225 as of Wednesday 6 p.m. with around 14 patients being in critical condition. The ministry also announced the recovery of a 69-year-old patient from Casablanca, bringing the number of […]

Finance Headlines Morocco

Morocco freezes public sector hiring due to Covid-19

Head of the Moroccan government Saad Eddine El Otmani asked all public sector administrations to put off hiring new employees until the end of the coronavirus crisis. In a sign of austerity measures, El Otmani also ordered in a letter delaying all promotions planned in the current budget. The Prime minister said that the job […]