First Independent Mena Newspaper
Creditors of Morocco’s sole refinery, Samir, are putting on the table the alternative of converting the massive 43-billion-dirham debt ($4.55 billion) into shares, a move that entails giving creditors a say in the board of trustees, Moroccan media reported on July 11. After an appeals court in Casablanca upheld a ruling placing the refinery into […]
Qatar Airways will be operating three flights a week from Doha to Marrakech, adding the Red City to its global destinations, Qatar’s flag carrier said in a statement on its website. The inaugural flight, QR1395, landed in Marrakech Menara airport last Friday opening up the city to 150 air routes operated by Qatar Airways through […]
King Mohammed VI held, at the Royal Palace in Casablanca on Monday, tête-à-tête talks with Portugal’s President Marcelo Rebelo de Sousa, who arrived earlier in the day for a visit to Morocco. During their encounter, the Sovereign decorated the Portuguese Head of State with Wissam Al Mohammadi, the highest honor in Morocco, while President Marcelo […]
Moroccan security services have dismantled another terror cell linked to the Islamic extremist group Isis. The six-member cell was active in the northern cities of Tetouan and Martil as well as in Casablanca, the biggest city in the North African Kingdom, an ally of the West. According to a press release issued Thursday by the […]
American aeronautic group Alcoa (Aluminum Company of America) launched, via its branch Alcoa Fastening Systems, a plant in Casablanca as part of its expansion program in Morocco. The new plant, named Alcoa Fixations Casablanca, required a €5.4 million investment. It covers a total surface of 6,300 square meters. The new site is located at Casablanca […]
Moroccans of all walks of life and political obedience commemorate this Monday in unity, harmony and patriotism the terror attacks that rocked the city of Casablanca on May 16, 2003. The attacks were the deadliest terrorist attacks in the history of the North African Kingdom. 45 people were killed as a result of these horrible […]
Qatar Airways is eyeing to acquire shares at the Moroccan carrier Royal Air Maroc (RAM) to strengthen its presence on the African continent, reports say. Baker El Baker, Managing Director of Qatar Airways has reportedly said that his company would move forward to acquire between 25 and 49 per cent of RAM’s capital. “A cooperation […]
Moroccan banks are operating now in 22 African countries and around 17 per cent of their foreign activity is on the continent, says Financial Times in a special report shedding lights on Morocco’s economic potentials. “These African countries represent a real growth potential given the level of banking penetration, which remains one of the weakest […]
Morocco’s Central Bureau of Judicial Investigation has dismantled a heavily armed 10-member terror cell that was active in Essaouira, Meknes and Sidi Kacem, the Interior Ministry announced on Thursday. A French national was among the cell members, the Ministry said, adding that the anti-terrorist brigade of the Central Bureau of Judicial Investigation (BCIJ,) called Morocco’s […]
Morocco’s railway authority received Wednesday a $112.3 million loan from the African Development Bank (AfDB) earmarked for doubling train tracks on the Settat-Marrakech route. The new deal signed in Abidjan, Côte d’Ivoire, will enable Morocco’s National Railway Authority (ONCF) to double train tracks on the 142 km-long Settat-Marrakech route; a project which will help boost […]