Morocco’s Gas Reserves Poised to Boost Energy Security and Economic Growth
1 January 2023
Morocco has significant gas reserves that can guarantee its energy security and bring significant revenue to the national economy, according to Sound Energy.
Economy
Morocco’s Automotive Exports Surge to Record $10 Billion, Up 35% in 2023
1 January 2023
Moroccan automotive exports generated a turnover of 100.37 billion dirhams at the end of the first eleven months of the year, an increase of 35% compared to the same period in (…)
Moroccan Craft Exports Soar to Record $100 Million in 2022 Despite Global Challenges
1 January 2023
The good momentum of Moroccan craft exports observed since the beginning of the year is confirmed. By the end of 2022, the sector’s revenues should reach one billion dirhams, (…)
Morocco Seizes Nearly 11 Billion Dirhams in Anti-Money Laundering Crackdown
31 December 2022
Morocco is effectively fighting against money laundering and terrorist financing. In total, nearly 11 billion dirhams were seized in 2022.
Morocco to Raise Cigarette Prices in 2024 as Part of Tax Increase
31 December 2022
Cigarette pack prices will increase as of January 1 in Morocco, in accordance with the provisions relating to the increase in the domestic consumption tax (TIC) on tobacco.
Morocco’s $1.5 Billion Investment Fund Unveils Strategic Priorities for Economic Growth
31 December 2022
To succeed in its mission, the CEO of the Mohammed VI Fund for Investment, Mohamed Benchaâboun, has defined his priorities and mode of operation, which were unveiled during his (…)
Morocco’s Real Estate Sector Slumps as Cement Sales Plummet 9.4%
31 December 2022
The real estate market in Morocco is showing signs of slowing down this year. This is revealed by the data published by the Directorate of Studies and Financial Forecasts (DEPF).
Turkish Planes to Become Unique Restaurants in Moroccan Tourist Hotspot Agadir
30 December 2022
Two passenger planes sent by sea to Agadir, a seaside resort that welcomes many tourists each year, will be transformed into restaurants. This is a vacation center project (…)
Morocco’s Alcohol Tax Revenue Soars as Tourism Rebounds
30 December 2022
Since last summer, revenue from fees on the consumption of alcoholic beverages has seen a strong increase, thanks in particular to the return of tourists to the kingdom.
Marrakech Airport Introduces Fixed-Rate Taxi Counter to Combat Overcharging
29 December 2022
Foreign tourists arriving in Marrakech will now be able to inquire and pay the taxi fares at a single counter that is made available to them at the city’s airport.