Turkish Coffee Chain Espressolab Expands to 10 Locations in Morocco
23 October 2023
The Turkish coffee chain Espressolab is expanding. In Morocco, it has inaugurated its tenth point of sale. It first arrived in the kingdom in January 2021 only.
Economy
Fitch Affirms Morocco’s ’BB+’ Rating, Citing Economic Resilience and Challenges
23 October 2023
Fitch Ratings, the American rating agency, has confirmed Morocco’s long-term foreign currency issuer default rating (IDR) at ’BB+’ with a stable outlook.
Morocco to Raise Import Duties: Smartphone Prices Set to Surge
22 October 2023
The Moroccan government plans to increase the import duty applied to smartphones. As a result, the prices of these devices could increase significantly.
Morocco Ranks 5th in Africa with 5,800 Millionaires, New Wealth Report Shows
22 October 2023
Morocco is among the 10 richest countries in Africa. This emerges from the Africa Wealth Report by the investment migration consulting firm Henley & Partners.
Morocco Launches Amnesty Program for Undeclared Foreign Assets
21 October 2023
In Morocco, people who are in violation of exchange regulations and tax legislation are targeted by a new regularization operation.
Morocco to Hike Alcohol Taxes Sharply in 2024 Budget Plan
21 October 2023
The government of Aziz Akhannouch plans a sharp increase in the domestic consumption tax (TIC) on alcoholic beverages. This emerges from the draft finance law (PLF) for the (…)
Airfares from France to North Africa Drop Amid Global Price Increases
20 October 2023
Airfares from France to North Africa and the Levant are falling despite increases observed on certain routes, particularly to Morocco.
Morocco’s Tourism Rebounds: Arrivals Up 12% Despite Recent Earthquake
20 October 2023
Morocco is now speaking in the past tense about the negative impact of the powerful and devastating earthquake of September 8 that mourned the Moroccan people and caused (…)
Record-Breaking Wave of Bankruptcies Hits Moroccan Businesses, Trend Expected to Worsen
20 October 2023
In Morocco, the number of companies going bankrupt is breaking records. And the forecasts for 2023 are rather worrying.
Royal Air Maroc Cancels All Tel Aviv Flights Through October 30
19 October 2023
The airline Royal Air Maroc (RAM) recently announced the cancellation of all flights to and from Tel Aviv until the end of the month. Thus, flights AT228 and AT229 are canceled (…)