First Independent Mena Newspaper
Morocco’s opposition blocked the passage of the draft of the Finance Law in the Parliament, which caused a major upheaval. According to the leader of the Parliament’s Istiqlal Party, Mohamed Ansari, the finance act did not deliver a clear economic and social policy. For instance, the number of jobs that should be created by the […]
The International Finance Corporation, a member of the World Bank Group, announced it is investing $50 million in Alliances Group, a leading Moroccan home builder, “to increase the supply of quality affordable housing, create jobs, and spark broader economic development.” The investment consists in the purchase of 3% of the Moroccan group’s shares for $25 […]
Because of the mounting security situation in the region of Sahel, closer cooperation and integration in Maghreb is needed. According to the final concluding remarks of the 11th Morocco-EU Association Council, the EU28 stressed the salience of tight cooperation between the MENA and Sahel-Sahara region. The effort of closer collaboration between Sahel and Maghreb was […]
The Moroccan Retirement Fund (CMR) is about to begin consuming its reserves very soon, thus putting the country’s pension system in deficit by early 2014. Morocco’s audit court has already warned that the entire system is facing many drawbacks and shortcomings. The news is surprising given the fact that the government promised to go on […]
Imams and other religious leaders’ help is needed in the fight against fundamentalism in Morocco, the country’s MPs have stressed during a recent Chamber of Councilors Committee meeting. In particular, they argued for the need to make greater efforts to restructure and immunize the religious sector for greater security. While the imams’ image among the […]
Morocco seems to be fulfilling the promise it made to its citizens about two years ago – it has just embarked on a long journey of fighting youth joblessness. The youth unemployment rate has been for quite some time reaching staggering levels – more than 20 percent for men and almost 40 percent for women […]
The inter-governmental Middle East and North Africa Financial Action Task Force (MENA-FATF) removed Morocco from the list of countries that need a follow-up process on the concerns of money laundering and financing terrorism. Rabat celebrates, as the country’s endeavor to fight fraud and dubious financing is witnessing first results. Morocco has been also removed from […]
A new fisheries agreement between the European Union and Morocco has finally been approved on Tuesday by the European Parliament after two years of long and arduous negotiations. The new four year fisheries agreement, approved at a plenary session by 310 votes to 204, with 49 abstentions, will allow fishing vessels from 11 EU countries, […]
The International Labor Organization (ILO) is going to help Morocco to run a four-year project targeted at young unemployed. It is estimated that about 20,000 participants will go through the project co-financed by ILO. The project called “Young People at Work” intends to help young people to get into paid employment, entrepreneurship and business creation, […]
Two years after the promise of the government to fight unemployment, the “Moubadara” project has been launched. The project opens opportunities for long-term jobless graduates to be employed in non-governmental sector or in the TAETIR mentoring program, both of which will start operating as of 2014. Part of the effort is also the expansion of […]