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.
Economy
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 (…)
Morocco Seeks to Import 4 Million Quintals of Wheat to Boost Strategic Reserves
29 April 2022
Morocco plans to import three million quintals of soft wheat and one million quintals of durum wheat to secure its strategic cereal stock. On Wednesday, a new call for tenders, (…)
Chariot Oil & Gas Taps Société Générale to Finance Moroccan Offshore Gas Project
29 April 2022
The British company Chariot Oil & Gas has appointed the London office of Société Générale as financial advisor to develop debt financing options for the exploitation of the (…)
Marrakech Hotels to Receive 38% of Morocco’s Tourism Aid Package
29 April 2022
A large part of the subsidies planned by the government to support the hotel sector should land in Marrakech. Out of the 495 applications filed, 187 come from the region, or (…)
Morocco’s Military Budget Surges to $5.4 Billion, Outpacing Regional Trends
28 April 2022
In 2021, Morocco’s military spending increased by 3.4% to reach $5.4 billion, according to the Stockholm International Peace Research Institute (Sipri).
Royal Air Maroc Sells 10 Aircraft Amid COVID-19 Downturn
27 April 2022
The airline Royal Air Maroc (RAM) has taken several measures, including the sale of 10 aircraft, in order to cope with the effects of the health crisis related to Covid-19 on (…)
Chinese E-commerce Threatens Moroccan Textile Industry, Sparks Calls for Regulation
27 April 2022
The Moroccan ready-to-wear industry would be in danger. The domestic market would be illegally competed by an online Chinese sales site, taking advantage of a legal loophole (…)
Feasibility Study Begins for 7,000 km Nigeria-Morocco Gas Pipeline Project
27 April 2022
The Australian engineering company Worley has announced that it has been selected to carry out an initial feasibility study of the pipeline project that is to connect Nigeria (…)
Morocco Overtakes South Africa as Africa’s Top Automotive Manufacturer
26 April 2022
Buoyed by its geopolitical position and potential, Morocco is emerging as a leader in the automotive industry on the continent. The country is cited as number 1 in the sector, (…)