Moroccan Dirham Holds Steady Against Euro and Dollar, Central Bank Reports
3 February 2025
The dirham remained almost stable against both the euro and the US dollar during the period of January 23 to 29, according to Bank Al-Maghrib (BAM).
Economy
Remittances to Morocco Hit Record High of 117.7 Billion Dirhams in 2024
3 February 2025
The year 2024 was prosperous for money transfers from Moroccans residing abroad (MRE), according to the latest figures published by the Office des Changes.
Fuel Prices Surge in Morocco, Hitting Motorists’ Wallets
2 February 2025
In Morocco, motorists are facing an increase in fuel prices at the beginning of February.
Marrakech Hotels See Surge in Domestic Tourism During School Holidays
2 February 2025
In Marrakech, hotels were full of Moroccan tourists during the school holidays.
Morocco Gains Popularity as British Tourists Shift from Canary Islands
2 February 2025
British tourists could rush to Morocco at the expense of Lanzarote, an island in the Canary archipelago off the African coast and administered by Spain, known for its unique (…)
Egyptian Ice Cream Chain Shut Down in Casablanca After Brief, Chaotic Success
1 February 2025
In Casablanca, an Egyptian brand was forced to end its activities less than a week after opening.
Morocco’s High Tax Burden Raises Questions About Public Benefits
1 February 2025
In Morocco, while the tax burden is excessive, citizens and businesses do not always perceive the concrete effects of tax levies in the improvement of public services and (…)
Morocco’s Tourism Boom Drives Surge in Car Rental Demand
30 January 2025
Thanks to the recovery of Moroccan tourism, the car rental sector has experienced strong growth in 2024.
Major Casablanca Mall Project Suspended for at Least Three Years
29 January 2025
The mega-project of Zenata Mall, which was to host the international furniture brand Ikea, a Marjane hypermarket, leisure and multiplex cinema offerings, has been put on hold (…)
Moroccan Olive Oil Prices Remain High Despite End of Harvest Season
29 January 2025
While Moroccans were expecting a drop in olive oil prices after the end of the harvest and pressing phases, nothing has apparently changed for them.