Moroccan Dirham Hits 20-Year Low Against Surging US Dollar
23 September 2022
The USD/MAD pair is extending its rebound. It reached a new 20-year high of 10.8089 during the week of September 12-16. This is according to the indicators published by (…)
Economy
Morocco’s Tourism Revenue Surges 179%, Nearing Pre-Pandemic Levels
23 September 2022
Tourism revenues amounted to some 36.7 billion dirhams at the end of last July, according to the Directorate of Studies and Financial Forecasts (DEPF), a strong increase of (…)
Air France Expands Winter Routes, Adds Daily Paris-Casablanca Flight
20 September 2022
The Air France airline plans to launch six new air routes, including one to Morocco, as part of its 2022-2023 winter program.
Moroccan Phosphate Giant OCP Targets 100% Renewable Energy by 2028
20 September 2022
With 86% green energy coverage, the Office chérifien des phosphates (OCP) hopes to fully cover its needs by 2028. It is in this context that the group launched a call for (…)
French Auto Service Chain Feu Vert Expands to Morocco, Plans Multiple Centers
20 September 2022
Feu Vert, a network of automotive centers, will open a unit in Marrakech, in order to offer its expertise to people wishing to maintain and equip their vehicle under good (…)
Morocco Lifts Anti-Dumping Duties on Jordanian Textile Imports
19 September 2022
Morocco has decided to exempt the Jordanian textile sector from anti-dumping duties on its imports. Jordan ranks first in the Arab world and third globally.
Morocco’s Railway Office Seeks Partners for Train Manufacturing Hub and Fleet Expansion
18 September 2022
The National Railway Office (ONCF) aims to set up an industrial rail ecosystem around a production unit for self-propelled trains. In this sense, it has launched a call for (…)
Moroccan Dirham Drops Nearly 2% Against Euro, Official Reserves Rise
18 September 2022
The Moroccan currency has depreciated by 01.97% against the euro and 0.91% against the US dollar, during the period from September 8 to 14, 2022. This is according to the (…)
British Gas Firm Sound Energy Faces Tax Setback in Morocco
17 September 2022
The British gas exploration company Sound Energy has expressed concerns following the confirmation of a decision by the Moroccan tax authorities. It fears a risk of (…)
Morocco’s Tourism Surge Falls Short for Hotel Industry, Post-COVID Recovery Incomplete
16 September 2022
While many tourists have arrived in Morocco this summer, the hotel industry has benefited little from the tourism boom. The pre-Covid-19 crisis performance has not been reached.