Automotive Giant Aptiv to Create 3,500 Jobs with New Morocco Plant
3 May 2022
The American automotive supplier Aptiv, specialized in wiring systems, has launched a large-scale recruitment plan for its new plant located in Oujda.
Economy
Moroccan Dirham Strengthens Against Euro, Official Reserves at 328.9 Billion
1 May 2022
The Moroccan currency appreciated by 0.8% against the euro and depreciated by 1.49% against the US dollar, during the period from April 21 to 27, 2022. This is what the (…)
Morocco-UK Green Energy Cable Project Accelerates, Aims for 2027 Launch
1 May 2022
The British company Xlinks, specialized in renewable energies, is working on the construction of the 3,800 km submarine cable to connect Morocco to the United Kingdom before (…)
Study: 94% of Moroccans Use Consumer Credit Out of Necessity Despite Social Stigma
1 May 2022
More than 90% of Moroccans resort to consumer credit out of necessity. A mode of financing that is nevertheless poorly perceived in society. This is revealed by a study carried (…)
Morocco Tightens Rules on Foreign Land Purchases to Protect Agricultural Areas
30 April 2022
Before any purchase of land in Morocco, any foreigner must ensure the regulations in force. The government has reminded the territorial administrations of the multitude of (…)
Iconic Moroccan Hotel Favored by Jacques Chirac Faces Auction Amid Legal Battle
30 April 2022
The mythical hotel La Gazelle d’Or in Taroudant, very dear to former French President Jacques Chirac, will finally be put up for judicial sale on May 22.
Tanger Med Port Complex Breaks Records with 8.1 Million Container Throughput
30 April 2022
At the end of 2021, the Tanger Med group, which manages the Tanger Med port complex, posted a gross turnover of 8.044 billion dirhams, a strong increase.
Marrakech Tourism Rebounds as Hotels Reopen and Bookings Surge Post-Covid
29 April 2022
After two dark years due to the health crisis related to Covid-19, tourism is gradually recovering in Marrakech.
Morocco Extends Fuel Subsidy for Transport Sector Amid High Prices
29 April 2022
The government announced that it has released an additional budget to support road transport professionals, still struggling with the rise in fuel prices.
Morocco Spends Over 3 Billion Dirhams on Wheat Subsidies Amid Rising Costs
29 April 2022
Morocco has increased the subsidy allocated to soft wheat which, since the beginning of the current year, is estimated at more than 3 billion dirhams. This was announced on (…)