Morocco to Reinstate Solidarity Tax for Social Protection Funding
24 October 2022
The government plans to reintroduce in 2023 the solidarity tax on profits to ensure better financing of the project to universalize social protection.
Economy
Massive Fish Die-Off in Morocco’s Moulouya River Sparks Environmental Investigation
23 October 2022
An investigation was launched following the alert on the tragic fate of thousands of dead fish on the banks of the Moulouya River. While the water analysis of the Oued is still (…)
Moroccan Dirham Weakens Against Euro and Dollar as Foreign Reserves Dip
23 October 2022
The Moroccan currency depreciated by 0.72% against the euro and 0.13% against the US dollar during the period from October 13 to 19, 2022, according to data published by Bank (…)
Morocco Awaits FATF Decision on Money Laundering Gray List Status
22 October 2022
The Financial Action Task Force (FATF), the international body for combating money laundering, announced that the decision to remove Morocco from the gray list has not yet been (…)
Morocco Projects $1.4 Billion in Tobacco and Alcohol Tax Revenue for 2023
22 October 2022
According to the 2023 Finance Bill, the public treasury expects to record revenues from the various taxes in force on cigarettes and alcohol, amounting to 14.4 billion dirhams.
Adani Group Plans Massive Green Energy Investment in Morocco
22 October 2022
Indian billionaire Gautam Adani, whose conglomerate specializes in commodity trading and port operations in India, has chosen Morocco to invest in green energy. This is a mega (…)
Toulouse Airport Expands International Routes, Adds New Flight to Rabat
22 October 2022
Starting October 30, Toulouse-Blagnac airport will offer 44 international routes, including a new one to Morocco. These air links are part of its Fall-Winter 2022-2023 program.
Morocco Donates 25,000 Tons of Fertilizer to Senegal Amid Global Price Surge
22 October 2022
The Moroccan group OCP has made a significant donation of fertilizers to Senegal to support the country’s policy and its fight against food insecurity.
British Firm Sound Energy Seeks to Extend Gas Exploration in Morocco
21 October 2022
The British gas exploration company Sound Energy is considering renewing its exploration contract in Morocco, in order to continue its drilling in Tendrara and research in Sidi (…)
Cristiano Ronaldo’s Marrakech Hotel Wins Top African Travel Award
21 October 2022
Morocco has once again distinguished itself at the 2022 edition of the World Travel Awards international competition, the "Oscars" of tourism, by winning an award.