First Independent Mena Newspaper
Morocco and the China Association for Industrial Cooperation (CAIC) have agreed to set up an economic zone in Fez offering a platform for various industries. The deal is reflective of China’s increasing interest in Morocco notably after the Kingdom signed with China’s Haite Group an agreement to set up a $10 billion industry and technology […]
One year after it lifted visa requirements for Chinese nationals, Morocco is steadily tapping into the Chinese tourist market with arrivals by July 2017 rising to 50,000 compared to 10,000 in the whole year of 2015. Soon after the visa exemption decision was taken during King Mohammed VI’s visit to Beijing, the number of Chinese […]
While the tourism sector in Egypt was hardly showing signs of recovery, terrorism once again touched this core of the Egyptian economy, with consequences likely to be catastrophic. Following the knife attack targeting tourists at the resort of Hurghada on the Red Sea, on July 14, the Egyptian government has strengthened security measures around major […]
BMCE Bank of Africa signed an agreement to build Africa’s tallest tower in Rabat with State-owned giant China Railway Construction Corporation (CRCC) and the General Construction Company of Casablanca (TGCC). Speaking following the signing ceremony in Casablanca, CEO of BMCE Bank of Africa said that the new edifice, which will be known as “Rabat Tower”, […]
Morocco’s efforts to tap into new tourism markets yielded fruitful results helping the country boost tourist arrivals with approximately 3 million visitors in the first four months of 2017, that is a 10% rise compared to the same period last year, said the Oxford Business Group (OBG). “The sector performed strongly across nearly all segments, […]
State-owned giant China Railway Construction Corporation (CRCC) has won the contract to build Africa’s tallest skyscraper in Morocco’s capital Rabat. The Chinese company said in a statement that it will build the 250-meter-tall edifice in cooperation with Morocco’s largest contractor, The General Construction Company of Casablanca (TGCC). CRCC said it will take responsibility for 60% […]
Citizens of 18 countries including Morocco, Tunisia and Algeria have been exempted from visa requirements to visit far-eastern part of Russia, reports say. The Russian Premier Dmitry Medvedev announced Russian authorities’ decision on Monday. “I recently approved the list countries whose nationals can benefit from the preferential treatments,” Medvedev said. The decision is taken in […]
In Morocco, 50.5% of work activities can be automated, making the Kingdom the second country in Africa with the highest potential for robot’s use in industry, Mckinsey said in a recently published research. Morocco was placed second in Africa, preceded by Kenya with an automation potential of 51.9% and followed by Egypt (48.7%), Nigeria (45.7) […]
Former UN Secretary General, Kofi Annan, stressed in Marrakech that the UN system must be reformed to adapt to the changes in the globe or risk irrelevance. Speaking at the Mo Ibrahim Governance Weekend, the former UN chief underscored the importance of such reforms regardless of the complexities inherent to it. “The UN by itself […]
Moroccan tourism authority has announced its 2017 ambition as the industry authorities hope to increase arrivals from China and Italy and hit an 11 million-tourist target. Figures of tourist arrivals for 2016 second semester have saved the session and hyped hope at ONMT. Around 10.4 million tourists visited the kingdom in 2016. To reach the […]