Morocco Ramps Up Wheat Imports as Drought Persists for Fifth Year
25 September 2023
Morocco maintains its import restitution system for soft wheat for the benefit of operators. A significant quantity of this cereal will soon be ordered.
Economy
Moroccan Dirham Weakens Against Dollar and Euro as Foreign Reserves Rise
24 September 2023
The Moroccan dirham lost 0.78% against the US dollar and 0.48% against the euro during the period from September 14 to 20, according to Bank Al-Maghrib (BAM).
Morocco Ranks 3rd in Africa for Chinese Investment Potential, Study Finds
24 September 2023
Morocco is among the three African countries most attractive to Chinese investors over the next decade. This emerges from the ranking of a specialized website.
US Court Orders Review of Tariffs on Moroccan Phosphate Fertilizers
23 September 2023
The American fertilizer group Mosaic could lose its battle against the Moroccan giant OCP, which had been imposed a countervailing duty of 19%.
Marrakech Tourism Rebounds After Devastating Earthquake, Minister Reports
22 September 2023
Fatim-Zahra Ammor, Minister of Tourism, Handicrafts and Social and Solidarity Economy, stated that tourism activity has resumed its normal pace in Marrakech after the September (…)
Transavia Expands Routes: New Flights to Marrakech, Bari, and Thessaloniki from Brussels
21 September 2023
The airline Transavia has just announced the launch of a new air link to Morocco. The flight is scheduled for next summer.
Morocco Poised to Enter Electric Vehicle Battery Market with $2 Billion Factory
21 September 2023
Chinese electric vehicle battery manufacturer CNGR Advanced Material and investment fund Al Mada are partnering in the manufacture of battery components for electric vehicles. (…)
Morocco Investigates Earthquake Aid Price Gouging and Illegal Capital Flight
18 September 2023
In Morocco, companies run by Moroccans are suspected of taking advantage of the solidarity towards the victims of the September 8 earthquake to illegally take capital out of (…)
Danish Shipping Giant DFDS Acquires FRS’s Spain-Morocco Ferry Operations
18 September 2023
FRS Iberia/Maroc, a subsidiary of the German group FRS, based in Flensburg, has been acquired by the Danish shipping company DFDS, a leader in the ferry and logistics sector in (…)
IMF to Grant Morocco $1.3 Billion Climate Resilience Loan
16 September 2023
The International Monetary Fund (IMF) is about to unlock, from the new Resilience and Sustainability Trust, a huge loan to Morocco, in order to strengthen the country’s (…)