Morocco’s First Homegrown Automaker Neo Motors Begins Selling Vehicles
2 December 2023
It is now effective. Neo Motors, the first automotive manufacturer with Moroccan capital, has launched the marketing of its first "made in Morocco" vehicles.
Economy
Morocco’s Automotive Exports Surge 30.5% as Industry Booms
2 December 2023
The Moroccan automotive sector has experienced strong growth in its exports, reaching nearly 116.38 billion dirhams (MMDH) at the end of October 2023, according to the latest (…)
Rabat Real Estate Prices Rise 1.9%, Led by Housing Sector Growth
1 December 2023
The city of Rabat has experienced significant fluctuations in its real estate market, according to the Real Estate Asset Price Index published by Bank Al-Maghrib and the (…)
Ferry Traffic to Morocco Surges 20% on Sète-Tangier Route
1 December 2023
The Grandi Navi Veloci (GNV) ships operating maritime links to Morocco from Sète have been full and have generated an operating result that benefits the entire Italian company.
Ascott Limited to Open Two Luxury Serviced Residences in Marrakech by 2026
29 November 2023
The Ascott Limited, one of the world’s leading serviced residence companies, is strengthening its presence in Morocco. It plans to open new establishments in the kingdom.
Moroccan Vegetable Prices Soar as Exports and Climate Impact Local Markets
28 November 2023
In Morocco, fruit and vegetable prices continue to rise and weigh on the monthly budget of Moroccans, particularly due to exports.
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar: Bank Al-Maghrib Report
27 November 2023
The Moroccan dirham depreciated by 0.26% against the euro and appreciated by 0.16% against the US dollar during the period of November 16 to 22, according to Bank Al-Maghrib (BAM).
Morocco’s Real Estate Sector Shows Resilience Amid Global Economic Challenges
25 November 2023
In 2023, despite endogenous shocks, the international context and the stagnation of activity, the real estate sector in Morocco has shown its resilience. And, the prospects for (…)
Morocco Launches New Currency Series: Banknotes and Coins Enter Circulation
24 November 2023
The new banknotes and coins issued by Bank Al-Maghrib (BAM) went into circulation on Friday, November 24, 2023.
Morocco Debates Alcohol Tax Hike Amid Health and Economic Concerns
24 November 2023
Since the announcement by the government of Aziz Akhannouch of the increase in the Domestic Consumption Tax (TIC) on alcoholic beverages as part of the mobilization of (…)