Morocco’s Tax Revenues Surge 23.3% to 70.28 Billion Dirhams in Q1 2023
18 April 2022
At the end of March, tax revenues increased by 23.3%, reaching 70.28 billion dirhams, according to the Ministry of Economy and Finance.
Economy
Moroccan Dirham Weakens Against Euro and Dollar as Foreign Reserves Dip
18 April 2022
The Moroccan currency depreciated by 0.16% against the euro and 1.06% against the US dollar, during the period from April 7 to 13, 2022. This is what the indicators published (…)
Morocco Discovers Major Offshore Gas Reserves, Repsol Leads Exploration
17 April 2022
In Morocco, large natural gas deposits have been discovered off the coast of Larache. The most important one is the one discovered by Repsol, a Spanish company for exploration, (…)
Moroccan Fuel Prices Drop Below 14 Dirhams, Bringing Relief at the Pump
17 April 2022
A pleasant surprise at the pump. The retail prices of the various fuels in Morocco fell on Friday, finally dropping below the symbolic 14 DH per liter mark.
Morocco Seeks International Suppliers to Secure Natural Gas Supply Amid Energy Crisis
17 April 2022
To cope with the ongoing energy crisis, Morocco wants to secure its natural gas supply by entering the international market. Several options from the tenders are currently (…)
Royal Air Maroc Faces Criticism Over Soaring Israel-Morocco Flight Prices
15 April 2022
Israeli tour operators denounce the increase in fares for direct flights between Morocco and Israel operated by the airlines Royal Air Maroc and El AL.
Morocco Sees Significant Drop in Fuel Prices as Global Oil Costs Decline
15 April 2022
This Friday, service stations in Morocco have lowered fuel prices, following the drop in international prices. After reaching a record, the prices of gasoline and diesel have (…)
Morocco’s Untapped Natural Gas Potential: 67 Wells Drilled, 40 Show Promise
15 April 2022
Over the years, Morocco has discovered numerous gas deposits located right next to pipelines and a large network of industrial units to the point of having a strong natural gas (…)
Sound Energy Advances Phase 1 of Morocco’s Tendrara Gas Project
15 April 2022
The British company Sound Energy announced that it has made progress in the context of phase 1 of the development of the Tendrara gas project. This is the result of the work (…)
EasyJet Flight Diverted to Portugal After Captain’s Mid-Air Injury
15 April 2022
An EasyJet plane flying from Luton, a town in eastern England, to Agadir, was diverted to Faro airport an hour and a half from arrival.