First Independent Mena Newspaper
The European Bank for Reconstruction & Development has enhanced its presence in Morocco with the opening of a second office in the North African Kingdom. The Bank’s first office is based in Casablanca, Morocco’s economic capital, while its 2nd office was opened Wednesday in the Northern city of Tangier. It primary goal is to support […]
Morocco has sent humanitarian aid to the people of Caribbean Islands of Antigua & Barbuda as well as Dominica which were struck lately by powerful and devastating hurricanes. The Moroccan aid, ordered by King Mohammed VI as a token of solidarity with these friendly countries, includes vital supplies and materials to support the reconstruction efforts. […]
Morocco’s Central Bank, Bank Al-Maghrib, decided Tuesday to maintain its key interest rate unchanged at 2.25 % during the third quarterly meeting of its Board of Directors which expects a 4.3% growth in 2017. After analyzing recent economic developments and reviewing the macroeconomic forecasts, the Board deemed as “appropriate” the decision to uphold the key […]
The Italian car component producer will launch an automotive plant in the city of Tangier for the production of shock-absorbers for car and commercial vehicle. The plant will start production in 2019 and will create up to 500 jobs when in full flesh, by 2025. The project will necessitate a global investment of around 37 […]
The sound cooperation between Moroccan and Spanish security services in the fight against terrorism has led to the arrest of 175 jihadists, said interior minister Juan Ignacio Zoido. In a interview published lately by La Razon, the Spanish official described neighboring Morocco as “a friend, a partner and an ally” of Spain in the war […]
Algeria’s disillusioned diplomacy is apparently resorting to fake news claiming that the SADR separatist entity will be invited to the Africa-EU summit. As it endures setbacks one after the other in its ideologically anachronistic foreign policy, Algeria indulges in terminology games claiming that the African Union and the EU are negotiation to change the appellation […]
Moroccan rail industry operators (GIFER), in partnership with the Industry Ministry, are mulling a program to turn the rail industry sector to a driver of growth following the example of the car industry. The aim is to promote innovation and research that will eventually lead to promoting trains made in Morocco, La Vie Eco, daily […]
Morocco’s comprehensive and multilayered strategy to counter the threat posed by terrorism in general and the Islamic State in particular was highlighted at a meeting of the Global Coalition against Daesh, held on the sidelines of the 72nd General Assembly in New York. The success and efficiency of Morocco’s anti-terrorism strategy hinges on a farsighted […]
Russia’s Energy Minister Alexander Novak said Russian companies are interested in Morocco’s gas projects, notably the liquefied gas terminal in Jorf Lasfar and the Moroccan-Nigerian gas pipeline. “Our companies are interested in participating in those projects. We are ready to supply LNG, construct gas pipeline and terminal,” said the Minister in an interview with Russian […]
South African Bank, Rand Merchant Bank (RMB), issued the sixth edition of its report “Where to Invest in Africa”, ranking Morocco third most attractive investment destination in Africa. Morocco came third in the ranking preceded by Egypt and South Africa in the report, which aims to serve as a guide to corporate investment. According to […]