First Independent Mena Newspaper
Despite unfavorable regional and international conditions, Morocco’s economy is making strides in terms of reducing fiscal and external vulnerabilities, said Mitsuhiro Furusawa, IMF Deputy Managing Director and Acting Chair of the Board. “Despite the difficult global and regional environments, Morocco has made significant strides in reducing fiscal and external vulnerabilities and addressing medium-term challenges,” Furusawa […]
The Executive Board of the International Monetary Fund (IMF) approved on July 22 a two-year arrangement for Morocco under the Precautionary and Liquidity Line (PLL) for 3.47 billion dollars. The new PLL arrangement will provide Morocco with useful insurance against external shocks as the authorities pursue their reform agenda aimed at further strengthening the economy’s […]
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
More countries have joined the group of 28 member states of the African union, which addressed last Monday a motion to the AU chair expressing support to Morocco’s return to its African family and demanding the suspension of the self-proclaimed Sahrawi Republic from the pan-African organization. In this vein, Egypt’s Ambassador in Rabat, Ihab Jamaleddine […]
Morocco was listed among the least indebted countries in Africa in a report issued on July 21 by the United Nations Conference on trade and Development (UNCTAD.) The document, dubbed Economic Development in Africa Report 2016, highlights the sustainability of Morocco’s external debt and the viability of its investments in comparison to other countries in […]
Chinese carmaker Yang Tze will establish a factory to produce electrical cars and busses near Tangier for a total investment of 1 billion dirhams ($101.6 million.) This was announced by the Chinese group’s CEO Wu Tian CAI following a meeting in Tangier with the President of the Tangier-Tetuan- Alhuceima region, Ilyas EL Omari. The new […]
Morocco’s success in combating religious extremism and Islamic radicalization continues to gain regional and international recognition with many African countries voicing desire to benefit from the experience of the North African Kingdom in this field. The latest of these countries is Somalia, which has just signed a cooperation agreement with Morocco in this field. Somali […]
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 […]
When the first press reports emerged saying Morocco is considering to retake its seat at the African Union after 32 years of absence, most readers and particularly Morocco’s foes thought it was just hot air or a far-fetched story. They forgot that in the world of politics nothing is impossible. They misread the North African […]
The second Conference of Parties of the Countries Bordering the Mediterranean on Climate Change (MedCOP Climate 2016) held in Tangiers July 18-19 called for a collective mobilization to fight climate change and stressed the need to implement appropriate actions adapted to the specificities of Mediterranean territories. The final document adopted by the conference, meant to […]