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  • News: Headlines from the Moroccan Press: Thursday, July 20, 2017

News: Headlines from the Moroccan Press: Thursday, July 20, 2017

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LE MATIN DU SAHARA:
Tramway Rabat-Salé: 50 Million Euros from the EIB for the 2nd Line: "The European Investment Bank (EIB) and the Rabat-Salé Tramway Company are very advanced in their negotiations for a loan of 50 million Euros. The latter is intended to co-finance the extension works of the second tramway covering 7 kilometers and 13 stations."

Health: Pharma 5 Launches Tefovir for the Coverage of Hepatitis B: "On the occasion of the World Day against Hepatitis which will be celebrated on July 28, Pharma 5 announced, in Casablanca, last Tuesday, the launching of its new generic 100% Moroccan for the coverage of hepatitis B, called Tefovir."


L'ECONOMISTE:
Real Estate Investments: Start-Up Delay: "After the regulatory framework in 2016, the government has just put in place the tax regime for real estate collective investment schemes (OPCI) via the finance law. The set aims to meet high expectations from the investors' side. "We already have two institutional clients who are in the starting blocks and very interested in these investment vehicles and they are not the only ones," affirms Kamal Habachi, a business lawyer."

Cable-Stayed Bridge of Casablanca: Giant! : "The last stretch of the cable-stayed bridge of Sidi Maârouf is installed this week. The framework of the bridge is thereby completed. Next August, it will be the turn of the central pylon which saw support the work of art thanks to the 21 cables or shrouds. The construction of this post, which will culminate at 80 m, will be completed by the end of 2017."


AL BAYANE:
Symposium of CAF: ""Africa, which was since the 1982 world cup at the center of interest of experts and specialists of the discipline, has become the future of world football, and this future must become present through action," underlines the head of FIFA at the symposium of the Confederation of African Football (CAF) organized in Skhirat on July 18 and 19."

Bad News for Med Paper: "While Casablanca Stock Exchange has just confirmed the filing of the proposed public offer on the enterprise Med Paper, the Secretariat of State for External Trade issues its decision on the review of the definitive anti-dumping duty applied to the imports of A4 paper originating in Portugal. This decision is bad news for Med Paper."


LIBERATION:
The Appeal of the Majority Parties to Preserve the Climate of Tranquility in Al Hoceima: "The parties composing the government majority held, on Tuesday, under the presidency of the Head of Government, and in the presence of leaders of the six majority parties, a meeting devoted to the examination of the latest developments on the national scene and of the government action."

The Fresh Water... From the Sea to the Rescue: An Important Desalination Unit So That the Whole Souss to Be Freed from the Shortage of Water That Watches It: "After the Noor solar power plant, entering into service in February 2016, Morocco continues to embrace sustainable development and respect for the environment by announcing the project of the seawater desalination unit in Chtouka for the irrigation and supply of drinking water in the Souss Massa region."


AUJOURD'HUI LE MAROC:
Traffic Accidents: 25 Dead and 1,739 Injured in One Week: "Twenty-five persons were killed and 1,739 others injured, including 86 seriously, in 1,283 traffic accidents occurring within the urban perimeter during the week from July 10 to 16, 2017. These accidents are mainly due to lack of control of the vehicles, inadvertence of pedestrians and drivers, non-compliance with the priority, excess speed, unauthorized change of direction, failure to comply with traffic lights and stop signs, to traffic on the left and in the forbidden direction, unauthorized overtaking and drunk driving, according to a press release from the DGSN."

Hospitals: New Nomenclature for Medicines and Medical Devices: "The national list of medicines and medical devices destined to public hospitals and health centers has recently been revised. This is pointed out in a circular from the Ministry of Health issued to the attention of regional directors of health. This update is designed to improve citizens' access to essential medicines at the level of health care institutions under the supervisory ministry."


Les Inspirations Eco:
Parliamentary Spring Session: Poor Performance: "The record of the spring session, which is drawing to a close, is still weak both quantitatively and qualitatively. The acceleration of the pace is essential to adopt several texts pending before the end of this legislative year"

Addoha Group: Targets Reached Before Term for the Cash Generation Plan: "More than six months separates Addoha from the end of its Cash Generation Plan, a plan whose objectives are reached before term. Thanks to the performance of the first quarter of the current year, Addoha has reached 100% of its goal of deleveraging 100% of sales of stocks of finished products and 98% of cash collected. Indeed, the operational implementation of Cash Generation Plan resulted in a cumulative deleveraging of 3.59 billion Dirhams (MMDH) bringing the group's net debt to 5.7 MMDH instead of 9.3 MMDH at the end of 2014, i.e. a reduction of 39% in 30 months."

 

 

Crédit : IMPERIUM MEDIA

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