First Independent Mena Newspaper
Morocco is planning to build a new Mogador resort, near Essaouira, for a total investment on $230 million. The new resort will be funded by a consortium of investors, including Samih Sawiri, Hussain Al Nowais, and Hossam El Shaer, who committed to fund 50% of the investment, the head of the government office said in […]
Libya’s House of Representatives and the High State Council agreed to work together to take the necessary steps to form a national unity government and organize fair elections to end the institutional division in the country. This came in a statement following a consultative meeting between the two institutions held in Morocco’s Bouznika. The two […]
The World Bank’s Board of Directors has approved a program worth $250 to help Morocco increase the resilience of its agri-food system to climate change and strengthen food safety and quality. “Overall, the Program is expected to benefit 1.36 million people, including almost 120,000 farmers and over one million consumers, with improved food safety and nutrition […]
King Mohammed VI has called on all stakeholders to double efforts in order to make advanced regionalization a lever for economic and social development that can help address development challenges, unequal growth, and regional disparities. The Monarch’s call comes in a message addressed Friday to participants at the 2nd National Conference on Advanced Regionalization, convening […]
King Mohammed VI called for speeding up the advanced regionalization process so that it can act as a lever for economic and social development and help address development challenges, unequal growth and regional disparities. In a message to participants at the 2nd National Conference on Advanced Regionalization held in Tangier December 20-21 , the King […]
Governor of Morocco’s central bank, Bank Al-Maghrib (BAM), Abdellatif Jouahri, said earlier this week that the legal framework governing crypto-assets in Morocco, currently undergoing adoption process, aims to regulate this ecosystem while preserving the financial innovation that can emerge from it. “We wanted to regulate the use of crypto-assets, without stifling the innovation that can […]
Morocco’s central bank gave a promising outlook for Morocco’s current account balance putting emphasis on the growing exports of the automotive sector, seen at a record 20 billion dollars by 2026. Likewise, the bank expects Morocco’s phosphates and derivatives exports would settle at 10 billion dollars, while remittances from Moroccans abroad and tourism receipts would […]
Thanks to a successful mediation by King Mohammed VI, four French officials accused of espionage and detained since December 1, 2023, in Burkina Faso have been freed. French President Emmanuel Macron “spoke over the phone on Wednesday, December 18, with King Mohammed VI to warmly thank him” for the success of his mediation, said the […]
The German Agency for International Cooperation (GIZ), through KfW, will grant Morocco’s National Office of Electricity and Drinking Water (ONEE) a €50 million loan destined to finance a climate-resilient drinking water supply program. The program is aimed at securing and reinforcing drinking water supply in several towns, including Ghafsai, El Hajeb, Ain Legdah, Bouderbala, Souk […]
Sweden’s Trelleborg, specialized in sealing systems in the aerospace sector, has launched in Nouaceur (outskirts of Casablanca), the construction works of its new industrial plant. The €10.2 million project will eventually create 150 to 200 jobs and boost the capacity of the local aerospace value chain, in line with the Kingdom’s strategy to improve the […]