Moroccan Air Traffic Controllers Plan 15-Day Strike, Threatening Flight Disruptions
5 October 2022
Air traffic is likely to be disrupted in the coming days. Air traffic controllers are preparing to start a 15-day strike starting next Saturday.
Economy
Morocco Maintains BB+ Credit Rating as S&P Cites Economic Reforms
5 October 2022
S&P Global Ratings announced the maintenance of its BB+ ratings assigned to Morocco’s long-term sovereign issues, with stable outlooks.
Morocco Issues First Licenses for Legal Cannabis Production and Export
5 October 2022
The National Agency for the Regulation of Cannabis Activities (ANRAC) announced that it has issued 10 operating authorizations, in accordance with the legal provisions in force.
Morocco’s Phosphate Exports Surge 67.7%, Boosting Economy
4 October 2022
At the end of last August, Moroccan phosphate and derivative exports increased sharply, reaching 7.89 billion dirhams (MMDH), an increase of 67.7% compared to a year earlier.
Morocco’s Real Estate Market Slumps as Cement Sales Drop 7.2%
4 October 2022
The crisis seems to be setting in. Cement sales, the main indicator of real estate activity continue to decline in Morocco. At the end of last August, these sales fell by 7.2% (…)
Morocco’s Tourism Revenue Doubles, Nears Pre-Pandemic Levels
4 October 2022
With the Marhaba Operation 2022 and the resumption of tourism activities, the sector is returning to a recovery rate before the health crisis, according to the monthly report (…)
Morocco Unveils 275 New Industrial Projects to Boost Domestic Manufacturing and Job Creation
2 October 2022
Morocco continues its march towards industrial sovereignty. Last Tuesday, the government proceeded to launch the 4th batch of investment opportunities, initiated within the (…)
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Q2 2022
1 October 2022
The dirham appreciated by 0.37% against the euro and depreciated by 4.7% against the US dollar in the second quarter of 2022, according to the report of Bank Al-Maghrib (BAM) (…)
Power Struggle Erupts in Moroccan Government as Cabinet Appointments Stall
1 October 2022
Members of ministerial cabinets in Morocco are tearing each other apart over prerogatives. The delay in the appointment of new secretaries general is at the origin of this (…)
Morocco Fuel Prices Drop: Diesel and Gasoline Set for Significant Decrease
1 October 2022
The price of diesel and gasoline should record a decrease this Saturday, October 1st, due to a decrease in the price of a barrel internationally.