Morocco Leads Africa with Highest Average Monthly Salary, Study Finds
25 August 2023
Morocco has the highest average monthly salary in Africa, and is far ahead of Algeria. This is according to figures compiled by Statista and Salary Explorer.
Economy
Morocco Invests $165 Million to Expand Marrakech and Tangier Airports
25 August 2023
The project to expand the Marrakech Menara and Tanger Ibn Batouta airports is making great strides. A fund of 1.65 billion has already been mobilized by the National Airports (…)
France Aims to Boost Wheat Exports as Morocco Weighs Russian Competition
25 August 2023
France wants to regain export markets in wheat by strengthening its exports to Morocco and Algeria, which are increasingly turning to Russia to supply themselves.
Moroccan Tycoon Othman Benjelloun’s Wealth Surges $46 Million as Bank of Africa Shares Rise
25 August 2023
The year 2023 is proving lucrative for Othman Benjelloun, the second richest man in Morocco. Since January, thanks to the 4.65% increase in the Bank Of Africa share price, his (…)
Moroccan Banks Grapple with Pricing Instant Transfers as Free Period Ends
24 August 2023
Decreed in early June for three months, the free interbank instant transfer, an innovation of Bank Al-Maghrib and the Groupement for a Moroccan Interbank Telecompensation (…)
Ex-Moroccan Soccer Star Khalid Boutaïb Buys Hotel in Hometown Bagnols-sur-Cèze
24 August 2023
A former Moroccan international and his partner have bought the Hotel Bar Brasserie des Sports in Bagnols-sur-Cèze, a city where they were born. The bar and the 10-room 2-star (…)
Moroccan PM’s Wife Faces Backlash Over Billionaire Status in African Retail
24 August 2023
Salwa Idrissi Akhannouch, wife of the current Moroccan Prime Minister Aziz Akhannouch, is among the top 7 billionaires in retail trade in Africa. This has provoked the anger of (…)
Morocco Set to Raise Minimum Wage by 5% in September, Fulfilling Labor Agreement
23 August 2023
Social dialogue between the government, employers and trade unions will be held in September. Will the guaranteed minimum interprofessional wage (SMIG) increase by 5% as of (…)
Air Corsica Launches Direct Flights to Marrakech for November Holidays
23 August 2023
The airline Air Corsica has announced the implementation of three direct flights between Corsica and Marrakech, during the All Saints’ bridge and the week of November 11.
Morocco Advances Agadir-Marrakech High-Speed Rail Project with Key Engineering Studies
22 August 2023
The National Railway Office (ONCF) has entrusted the LPEE engineering firm with the geological, hydrogeological and geotechnical reconnaissance work necessary for the (…)