Robert De Niro to Open Luxury Hotel in Marrakech’s Upscale District
15 January 2023
Hollywood star Robert De Niro will soon be opening his hotel in Marrakech. This is his first investment in the sector on the continent.
Economy
Moroccan Central Bank Chief Urges Diplomatic Action as Europe Tightens Diaspora Fund Transfers
14 January 2023
Faced with the tightening of European authorities on transfers by Moroccans residing abroad (MREs), the wali of Bank Al-Maghrib (BAM), Abdellatif Jouahri, calls for a major (…)
Maroc Telecom Agrees to Pay $60 Million in Tax Settlement After Audit
14 January 2023
Maroc Telecom and the tax authorities have reached a protocol agreement for the settlement of an amount of 600 million dirhams, following a tax audit carried out in June 2022.
Morocco Aims to Boost Diaspora Remittances by Cutting Transfer Costs
13 January 2023
In order to maintain the flow of remittances from the diaspora, Bank Al-Maghrib (BAM), in collaboration with the public authorities, has taken actions to diversify the (…)
Morocco’s Public Debt Soars to 88.9% of GDP, Reaching 1.18 Trillion Dirhams
13 January 2023
In 2021, the outstanding public debt increased by 117 billion, reaching 1180 billion dirhams (MMDH), which represents a ratio to Gross Domestic Product (GDP) of 88.9%.
Turkey’s Exports to Africa Surge, Morocco Emerges as Key Destination
13 January 2023
Morocco is cited as one of the main destinations for Turkish exports to Africa. In 2022, the volume of these exports reached $3 billion, making the kingdom the second (…)
Canadian Miner Aya Gold & Silver Achieves Record Silver Production at Zgounder Mine in 2022
13 January 2023
Over the full year 2022, the Canadian company Aya Gold & Silver, which operates the Zgounder silver mine, saw its production increase by 17.5% compared to 2021. A record on (…)
Morocco’s Food Exports Surge to Record $8 Billion Despite Drought
12 January 2023
Exports of agricultural and maritime food products experienced a boom in 2022, exceeding 80 billion dirhams (MMDH). A record.
Morocco Prepares for FATF Evaluation on Anti-Money Laundering Efforts
12 January 2023
Morocco’s efforts in the fight against money laundering will be scrutinized starting January 16 by the examiners and evaluators of the Financial Action Task Force (FATF). (…)
ASL Airlines France Expands Summer Routes to Morocco and Algeria
12 January 2023
The airline ASL Airlines France has decided to strengthen its flights to Oujda (Morocco) as part of its summer 2023 program.