First Independent Mena Newspaper
Egypt will soon sign with China an agreement to manufacture and export Sinovac Chinese vaccine shots against COVID-19, the Egyptian government said in a statement on Monday. Health minister Hala Zayed said a deal will be signed with China’s Sinovac company, the manufacturer of Chinese Covid-19 vaccine, CoronaVac. Vacsera, a Holding company in Giza will […]
The General Confederation of Moroccan Enterprises (CGEM) and the China Council for the Promotion of International Trade (CCPIT) signed Monday, through videoconference, a memorandum of understanding (MoU) to strengthen economic and trade relations between Morocco and China, particularly in the context of the Covid-19 pandemic. Under this agreement, initialed by CGEM president Chakib Alj, and […]
The Chinese group Citic Dicastal, world leader specializing in aluminum casting and in the production of aluminum automotive parts, inaugurated, on Saturday in Kénitra, the second production plant for aluminum rims for a total investment of €350 million. This new plant, whose construction works were launched in November 2019, will double the annual production capacity […]
Longtime China’s strongest economic partner in the Maghreb, Algeria is seeing its western neighbor, Morocco, steadily stealing the show as Beijing is increasing investments and initiating mega projects in the kingdom, a more stable and futuristic country. Algeria since February last year has slid into political uncertainty and things are not getting any better as […]
The project of Mohammed VI Tangier Tech City is gaining momentum with the signing of share’s agreements between State-owned China Communications Construction Co (CCCC) and its subsidiary, China Road & Bridge Corp (CRBC), Tangier-Tetouan-Al Hoceima Region, Tangier Med Special Agency (TMSA) and Bank of Africa (BMCE). Under the deals inked remotely on Tuesday, the Chinese […]
Morocco’s second largest bank, BCP, is said to be planning to allow in a major Asian bank as stakeholder in a bid to diversify its portfolio to Asia, Bloomberg reported. “The sale, which could be enacted through a cash injection, is the linchpin of a five-year strategy starting in 2021 that the Casablanca-based lender plans […]
King Mohammed VI of Morocco and President Xi JINPING of China have discussed the means to foster the two countries’ cooperation in a set of fields, among which is the fight against the coronavirus, said the Royal Office. This came in a phone call between the Moroccan Monarch and the Chinese President, the Royal Office […]
Morocco will take part in phase 3 clinical trial of a COVID-19 vaccine developed by state-owned pharmaceutical giant, China National Pharmaceutical Group (Sinopharm). Two agreements were signed on Thursday in this regard via videoconference by Minister of Health Khalid Ait Taleb and top executives of the Chinese biotech group in presence of Foreign Minister Nasser […]
Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Morocco has offered propitious conditions for car manufacturers and part suppliers in key industrial clusters in Tangier, Casablanca and Kenitra. Building on its investments in low-carbon economy […]
Morocco has received lately 36 respirators and 98,000 facemasks donated by Chinese state-owned Development Bank (CDB). The donation comes after Bank of Africa (BOA) of Moroccan BMCE Group had sent four months ago medical supplies to China following the coronavirus outbreak in Wuhan, Hubei province. After the Chinese hospitals, doctors and health workers were overwhelmed […]