Spanish Construction Firm Rubau Tarres Exits Morocco After 5-Year Boom
24 May 2021
After 5 flourishing years in the construction sector in Morocco, the Spanish group Rubau Tarres, based in Tangier, has handed over the keys.
Bankruptcy
Morocco’s Cafe and Restaurant Industry in Crisis: Owners Seek Government Rescue Plan
5 May 2021
Since the start of the coronavirus pandemic in Morocco, cafe and restaurant revenues have fallen by 60% while 25% of businesses in the sector have been forced to close (…)
Morocco’s Cafe Crisis: 25% Shuttered as COVID-19 Devastates Hospitality Sector
3 May 2021
Unable to withstand the health crisis related to the coronavirus, nearly 25% of cafes and restaurants have had to close permanently. The National Association of Cafes and (…)
Agadir’s Tourism Industry Struggles as Hotels Close and Sell Amid Pandemic Challenges
3 May 2021
In Agadir, the time has come for hotel closures and sales. While despite the pandemic, some hotels have been able to reopen, many owners have preferred to close or even sell (…)
Morocco Sees 15% Surge in Business Bankruptcies, Surpassing Pre-Pandemic Levels
2 April 2021
In 2021, bankruptcy declarations in Morocco have risen compared to 2020 when these declarations had fallen by 21%. This year, 2,694 companies have already closed their doors, (…)
COVID-19 Crisis Threatens 30% of Moroccan Pharmacies with Closure
8 March 2021
With the health crisis related to the coronavirus, many pharmacies could close permanently in Morocco. 30% of them are facing huge losses. Bankruptcy is imminent.
Morocco Extends COVID-19 Measures, Sparking Outrage Among Cafe and Restaurant Owners
8 March 2021
The extension of the state of health emergency is not to the liking of cafe and restaurant owners, who see through this measure imminent bankruptcies. In their sights, the (…)
Morocco’s Pharmacy Crisis: Health Sector Struggles as Closures Mount
27 February 2021
The Moroccan pharmaceutical sector has been in the doldrums for several months. Due to the health crisis, pharmacies are facing major difficulties and some of them are doomed (…)
Morocco Reports 22% Drop in Business Failures Amid Pandemic Measures
5 February 2021
A total of 6,612, this is the number of business failures recorded in Morocco in 2020, equivalent to a 21.6% drop compared to 2019. This result is attributable to the (…)
Morocco’s Tourism Industry Plummets: 51% Revenue Drop Amid Pandemic
28 January 2021
From January to November 2020, Moroccan tourism revenues fell by 51% due to the consequences of the health crisis. But the decline had a mitigating factor of 76% a month (…)