Morocco Boosts Food and Gas Subsidies by 28% in 2022 Budget
20 October 2021
The government has announced that a credit of 16.2 billion DH has been planned in the 2022 Finance Bill to subsidize the prices of butane gas and food products.
Economic policy
Morocco to Hike Cigarette Prices in 2022 as Part of Tax Overhaul
20 October 2021
Cigarette prices will rise in Morocco from 2022. This is one of the effects of the measures in the 2022 state budget.
Morocco’s Budget Deficit Shrinks as Economic Recovery Takes Hold
14 October 2021
At the end of last September, Morocco’s budget deficit has clearly regressed, according to the statement of the Treasury’s charges and expenses. It stood at 38.2 billion DH (…)
Casablanca Builds New Cruise Terminal to Boost Tourism and Port Infrastructure
7 October 2021
In order to strengthen the port infrastructure, the National Ports Agency (ANP) has launched the construction of the new terminal cruise terminal at the port of Casablanca. The (…)
Tangier Builds Industrial Zones to Formalize Informal Manufacturing Sector
2 October 2021
The work on the new industrial zones in Tangier, set up as part of the fight against the informal sector, is progressing rapidly. The first deliveries are scheduled before the (…)
Moroccan Banks Show Resilience with 3% Profit Growth Amid Economic Crisis
15 September 2021
In a context marked by an unprecedented health and economic crisis, Moroccan banks have conducted their activities in a resilient manner and are showing satisfactory (…)
Moroccan Banks See 25% Boost from International Subsidiaries Amid Domestic Slowdown
10 August 2021
The banking and financial establishments of Moroccan groups abroad have contributed to the profits of their parent companies, allowing them to partially offset the decline in (…)
Tanger Med to Acquire 35% State Stake in Moroccan Port Operator Marsa Maroc
27 July 2021
Tanger Med will take the state’s stake in the port operator Marsa Maroc. The announcement was made by the port company and concerns the 35% held by the public authorities.
Moroccan Business Leaders Optimistic as Economy Rebounds from Covid-19 Impact
8 July 2021
Even though the Covid-19 pandemic is not over yet, Moroccan business leaders are regaining confidence in the economy. 77% of them believe that the gradual resumption of (…)
World Bank Forecasts 4.6% GDP Growth for Morocco in 2021 Amid Economic Recovery
1 July 2021
The economic recovery will certainly be gradual, but it cannot be delayed. This is the estimate made by the World Bank (WB) in its recent report related to the monitoring of (…)