Blog

News: Headlines from the Moroccan Press: Tuesday, February 12, 2019

AL BAYANE
African Union Summit in Addis Ababa: Seeking durable solutions to forced displacement in Africa:
The 32nd Ordinary Summit of the African Union opened on Sunday in Addis Ababa, in the presence of the Secretaries-General of the United Nations and the Arab League, the President of the State of Palestine, the President of FIFA and the Director-General of WHO, in addition to the African Heads of State and Government. The Moroccan delegation is headed by the Head of Government, Saad Eddine El Otmani and includes the Head of Diplomacy, Nasser Bourita, and the Deputy Minister for African Cooperation, Mohcine Jazouli. This Summit is marked by the launch of the African Union's 2019 theme: "Year of Refugees, Returnees and Displaced Persons: Towards Durable Solutions to Forced Displacement in Africa"...

A detailed report on the kasbah guns of Agadir Oufella:
The Ministry of Culture and Communication - Department of Culture has produced a detailed report on the Agadir Oufella kasbah, a national protected heritage site, including the 16th century cannons of this historic site. This report reflects the department's commitment to preserve the historical and archaeological sites of the city of Agadir, says Monday a statement from the Ministry of Culture and Communication - Department of Culture, noting that the guns of this Kasbah symbolize the common memory and cultural identity of the entire region...


AUJOURD'HUI LE MAROC
More than one million payments through the CMI:
The Interbank Electronic Payment Centre is experiencing steady growth in its payment channels. This is reflected in the multi-channel payment transaction for the 2019 vignette, which resulted in a record 1.16 million payments (processed by the "Fatourati" platform) for a total of 1.23 billion dirhams. This amount represents approximately 50% of the total number of stickers collected by third parties, representing an increase of 16% in number and 12% in the amount of payments processed by the CMI compared to 2018. In detail, this transaction concluded on January 31, 2019 was carried out via 4 websites and more than 22 banking payment channels such as bank branches, ATMs, Mobile Banking, Mobile Payment, E-Banking site, or local network...

Automobile: EBRD grants €7.5 million to Morocco:
The EBRD is giving a further boost to the automotive sector in the Kingdom. The EBRD will support the sector with a €7.5 million loan to Tuyauto Gestamp Morocco, a brand new joint venture that produces metal parts for the automotive industry, 50% owned by Gestamp Automocion (Spain) and 50% by Tuyauto (Morocco). According to the managers, these funds will finance the first phase of deployment of Tuyauto Gestamp Morocco's operations related to welding and assembly of metal structures for the new Peugeot-Citroën plant in Morocco...


LE MATIN DU SAHARA
H.M. the King receives the new President of the Management Board of the Hassan II Fund for Economic and Social Development and the new Managing Director of the "Ithmar Capital" Fund:
His Majesty King Mohammed VI received, on Monday at the Royal Palace in Rabat, Mrs. Dounia Ben Abbas Tâarji, the new President of the Executive Board of the Hassan II Fund for Economic and Social Development. This hearing took place in the presence of the Minister of Economy and Finance, Mr. Mohamed Benchaaboun...

The House of Councillors today closes the first session of the 2018-2019 legislative year:
The House of Councillors is holding a plenary session today, in the afternoon, to close the first session of the 2018-2019 legislative year. This meeting is scheduled just after the monthly policy session scheduled for 3 p.m. with the themes "Customs and fiscal measures and their impact on the trade sector" and the "Programme to combat spatial and social disparities", says the Chamber in a statement...


LES INSPIRATIONS ÉCO
Passenger transport. Regionalization worries professionals:
The National Federation of Road Passenger Transport Unions believes that the transfer of responsibilities from the Ministry of Transport for passenger transport regulation to the regions poses a great risk to the sector. It asks that the latter keep control over the approvals and timetables of the lines...

Competition, The oil tanker margin on the board table:
Next Thursday, the Competition Council will devote the first ordinary session of its plenary session to examining the government's request for an opinion on the draft cap on profit margins on fuels. The setting of a cap on the profit margin of oil companies, one of the key recommendations of the parliamentary inquiry on fuel prices, will finally be on the table of the Competition Council. Indeed, next Thursday, this body will devote the first ordinary session of its plenary session to examining the government's request for an opinion on the draft cap on profit margins on liquid fuels, which, according to parliamentarians, have continued to increase since the liberalisation of the sector...


L'ECONOMISTE
Taxes: Two à la carte regimes fall:
Pressure from the European Union is at the root of the repeal of the tax regime à la carte for coordination centres. Until then, these structures were taxed at 10% of their operating expenses and on capital gains from non-current operations. As from January 1, 2019, these structures will be treated as establishments of non-resident companies subject to ordinary law. The status of offshore banks and holding companies has also been abolished...

SIEL: An African thought on Africa:
"En Quête d'Afrique(s)", it is around this theme, borrowed from the Senegalese philosopher Soulaymane Bachir Diagne, that the programming of the French pavilion at the International Book and Publishing Fair (SIEL), which takes place in Casablanca until February 17, is structured. This programme offers an updated overview of the relations that bind Africa on both sides of the Sahara...


LIBERATION
The V4+ Germany in full phase shift:
Morocco is a refugee-providing country, say Germany, the Czech Republic, Slovakia, Hungary and Poland, and it must be helped by targeting the causes. The German Chancellor and her counterparts from the Visegrád Group (V4), meeting last Thursday in Bratislava, announced the preparation of a joint programme of assistance to the Kingdom, the outlines of which remain to be defined and refined. Indeed, the project is only at the stage of the idea in gestation...

Participation of Morocco in the 7th World Summit of Governments:
The 7th edition of the World Summit of Governments opened on Sunday in Dubai with the participation of 4,000 government officials and experts from 140 countries, including Morocco. The Kingdom is represented at this Summit by the Deputy Minister for Administrative and Civil Service Reform, Mohamed Benabdelkader...