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  • News: Headlines from the Moroccan Press: Friday, May 5, 2017

News: Headlines from the Moroccan Press: Friday, May 5, 2017

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LE MATIN DU SAHARA:
The Executive wants to develop peaceful relations with the labor unions: The government intends to elaborate a charter to define the contractual framework for social dialogue: "The government is determined to resuscitate social dialogue and, above all, to avoid pitfalls which were the cause of its freezing for several months. Obviously, the new Executive wishes to have more peaceful relations with the labor unions. This is why he wants to ensure that all the guarantees of success are met. Last Tuesday, the Ministry of Employment and Vocational Integration declared, in front of the deputies, that the Government intended to elaborate a social charter using a participatory method. This charter will constitute a contractual framework to define the areas of dialogue, implementing the obligations arising from social conventions and possible settlement of disputes which could block discussions between the social partners."

A 2016 year of splendor and promising prospects: The Moroccan textile resumes the hair of the beast: "The Moroccan textile industry fueled by the exports in 2016, but must confirm this year. It sold for 34.22 billion Dirhams in foreign markets, an 8.8% increase year-on-year, particularly in favor of the Spanish market. The latter concentrated, alone, 18.49 billion, i.e. more than half of the total export turnover of the sector, according to the Moroccan Association of textile and clothing industries (Amith). A situation that is at least dangerous in case of a downturn in business conditions in this market of predilection. Can Textilians repeat the same performance this year or at least approach? It is within reach according to statements by the Amith at the "Eco-Morning". Its General Manager, Mohamed Tazi, has, indeed, highly hopes to realize again what he called "prowess" as the outlook is "very promising"."

HACA: A platform project for media accession to the protection of the environment: "The second meeting of the High Authority for Audiovisual Communication (HACA) was devoted, in Rabat, on Wednesday, to the examination of the establishment of a common platform integrating the various concerned departments to better promote media involvement in the field of environmental protection."


AL BAYANE:
Upward revision of the import duty for common wheat and its derivatives: A measure that loses its effectiveness against the weight of intermediation: "The duties of customs applied to common wheat and its derivatives will be revised upwards. The imports duty increases from 30% to 135%. This is a technical regulation activated each time depending on the situation of the security stocks and the cereal harvest for the 2016/2017 crop year. The adoption of this measure normally preserves the prices for the marketing of domestic production and the interests of the peasants. However, the protection of domestic production may not have the desired effect on the farmer to the extent where the reference prices set by the supervisory department are rarely respected and applied. Intermediation distorts the game! "

"Attijariwafa Bank" finalizes the acquisition of "Barclays Bank Egypt": "The group "Attijariwafa Bank" announced on Wednesday that it had successfully finalized the acquisition of Barclays Bank Egypt, stressing that the transaction was concluded on the basis of an agreement, signed in October 2016, between the Moroccan banking institution and the group "Barclays PLC", after the completion of the required regulatory procedures."

Opening of the 5th edition of Hub Africa: "The 5th edition of Hub Africa, the first platform for investors and entrepreneurs in Africa, has been opened at the Park of Exhibitions of Exchange Office of Casablanca on Thursday, under the theme "Entrepreneur, a player in African integration". Co-organized by Maroc Export and NGE IMPACT, and sponsored by the Ministry of Foreign Affairs and Cooperation, HUB Africa is a multifunctional and multidimensional platform of solutions with variable geometry replenishing the entire ecosystem of entrepreneurship and investment in Africa. It thereby offers one of the most complete ecosystems in the continent and the Mediterranean and meets all the needs of the players in the economy. For this new edition, which is being held on May 4 and 5, Gabon and Ivory Coast are in the spotlight. The aim is to shed light on the opportunities for investment and exchange with these two mastodons of the African economy over the last decade in a stable growth momentum. This 2017 edition will focus on two main areas: The green zone called "Hub Africa Platform" and the blue zone called "Africa Business Export". The first zone will be marked by plenaries around the issue of publishing. It is an advisory space for entrepreneurs, self-entrepreneurs, and startups. The blue zone aims to promote the culture of economic intelligence among young entrepreneurs. The 5th edition will be marked by a special program for young people and women, with more than 100 hands-on workshops and conferences, a "Pitch for Invest" which consists of presenting and defending its business plan to investors, the holding of the Africa Entrepreneurship Forum, think tank dedicated to entrepreneurship in Africa and which brings together 50 African personalities, the Village of Solutions, the Hackaton, and the Hub Africa Awards, with several awards."


L'OPINION:
Doubtful receivables in increase in textiles, real estate, and maritime transport: Coface's "Tradeliner" solution for customer risk management: «Coface Morocco has just launched its new "Tradeliner" solution in order to accompany Moroccan companies in the management of their client risk. "Companies are facing a liquidity crisis which is undoubtedly unprecedented for many years. Since a few months, the difficulties of payment of enterprises affect all sectors of the economy. In addition, the late payments today affect all sizes of enterprises, from the VSE to the big enterprise," underlined the experts of Coface Morocco, a firm specializing in the field of credit insurance, during a press conference in Casablanca on Wednesday."

Sectoral strategy of the Ministry of Health 2017-2022: Reducing the gap between urban and rural areas: "The Minister of Health, Mr. Houcine El Ouardi, held a press conference at the Ministry of Health on Wednesday (May 3). In a statement, he highlighted 3 key points, namely: Presenting the national health sector strategy 2017-2022, improving access to care, especially in rural areas, and presenting certain indicators and figures on maternal mortality."

Tourist arrivals in the 1st quarter of 2017: A 7.9% increase: "The number of tourists who visited Morocco during the first quarter of 2017 amounted to 2.11 million, a 7.9% growth compared with the same period a year earlier, according to the Tourism Observatory."


LIBERATION:
Will El Guerrouj be deprived of his five world records? : "This is a proposal which is unlikely to please many of the former athletes who, in the past, had frightened the counters and pulverized records. In fact, the European Athletics Federation (EAA) has just made a proposal aiming to "reset all the records of Europe and even of the world before 2005". National athletics would not be left out where this proposal would take shape and the concerned is none other than the legendary athlete Hicham El Guerrouj who holds no less than five world records, all registered long before the above date."

Houda Rihani, a fighter who intends to invest the scenes: "Houda Rihani is only surprising. She changed trays without changing her artist's soul. She changes her country without changing her heart, in love with the arts and all that is beautiful. Her evolution is subtle and quiet between cinema, theater, and television, and done with ease. One has the impression of seeing one and the same artistic energy. Yet, it is only the reflection, rather the expression of a success with multiple facets. She is, in many ways, the very incarnation of creation."

The imports on an upward trend in the first quarter: "The imports of goods and services have experienced a larger increase than the exports in the first quarter of 2017, the Foreign Exchange Office announced in its latest publication. According to the monthly indicators of external trade in March, noted in its study, imports and exports increased by +11.243MDH and +1.886MDH, respectively. This evolution translates into an increase in the trade deficit of 9,357MDH (-30.618MDH against -21.261MDH at the end of March 2016)," it said, noting that the coverage rate was 73.3% instead of 79.5% a year earlier."


AUJOURD'HUI LE MAROC:
Forum: Marrakech hosts the "East West and Africa Women Initiatives": "HRH the Princess Lalla Meryem chaired, in Marrakech on Wednesday, the opening ceremony of the 3rd Forum "East West and Africa Women Initiatives" (EWA) which is held until May 7. Placed under the theme "The role of woman in innovation and creation in industry and the economy and her impact on the dynamics of African unity", this forum brings together women decision-makers and business leaders from the East and West of the African continent."

It is ahead of Kenya and South Africa: Investments: Morocco, the most attractive country in Africa: "With its political stability and its undeniable economic progress, Morocco is now positioned as the most attractive country in the African continent, according to the 2017 attractiveness barometer published on Wednesday by the international firm Ernst & Young (EY). In this index, introduced for the first time in 2016, Morocco is ahead of Kenya and South Africa, which occupy the second place exaequo."

Launching of a new service: Fixed radars: Road traffic violations notified by SMS: "The Ministry of Equipment, Transport, Logistics and Water has just launched a new service which allows SMS notification of road traffic violations recorded by fixed radars. This new free service is part of the enhanced functionality proposed by the mobile application "Road Infringements"."


Les Inspirations Eco:
ATTRACTIVITY FOR FOREIGN INVESTMENT: MOROCCO ON THE ROOF OF AFRICA: "According to the African Attractiveness Index published by Ernst & Young, Morocco is the most FDI-attracting country in the continent. The kingdom thus rises to the top of the rankings, ahead of Kenya and South Africa, which occupy the second place ex-aequo. No North African country is among the top 10 most attractive destinations in Africa for investors..."

ACCOUNTING PROFESSIONAL: THE REFORM GIVES WIRE TO RETORDRE: "The Professional Organization of Chartered Accountants pleads for an amendment of the law governing the profession in the direction of a more flexible integration of the 2,200 self-employed in the ranks of chartered accountants. Otherwise, there is a lot of concern about access to the profession. The committee in charge of organizing examinations has not yet been constituted..."

STEERURGUE: MAGHREB STEEL BREAKS AWAY: "New management is in Maghreb Steel. At the edge of the abyss and threatened with cessation of activities until recently, this national flagship of the steel industry has not only managed to straighten the slope, but plans to engage in future investments which should bring the activity to unprecedented thresholds..."

 

 

Crédit : IMPERIUM MEDIA

 

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