First Independent Mena Newspaper
Moroccan authorities have announced this Wednesday the arrest of another terrorist cell composed of three members who were planning to carry out attacks in several cities in the North African kingdom. The terrorists were nabbed in the cities of Oujda, Casablanca and Fez by the special units of Morocco’s Bureau of Central Judicial Investigations (equivalent […]
The regions of Casablanca-Settat and Rabat-Salé-Kénitra continue to drive the Moroccan economy making up 48.3% of Morocco’s GDP in 2014, the Higher Planning Commission (HCP) said. The region of Casablanca-Settat accounted for 32% of Morocco’s GDP followed by Rabat-Salé-Kénitra by 16.3%. Five other regions produced 40.3% of Morocco’s GDP. These regions are Tangier-Tétouan-Al Hoceima (9.4%), […]
The U.S. agribusiness group, Archer Daniels Midland Company (ADM), said that its Casablanca’s sweetener plant started operating in August with a view to boosting its footprint in the sweetener and starch market in the MENA region after expanding in Eastern Europe last year. The announcement was made by the CEO of the Chicago-based company PDG […]
Morocco’s Attijariwafa Bank was Wednesday named best Moroccan bank by Euromoney for Excellence 2016 awards organised by leading Euromoney Institutional Investor based in London. Awards for Excellence are the most prestigious awards in global banking, which recognizes 20 global leading banks in various categories including world’s best bank, world’s best bank for financing, and world’s […]
Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]
Morocco received yesterday (Sunday) at Casablanca’s port the first batch of the US-made M1A1 Abrams main battle tanks, as part of an order of 250 similar armored tanks. Last May, Moroccan media reported that the US will deliver to the Royal Armed Forces 22 Abrams this summer. The first convoy of this heavy armored tank […]
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 […]