IMF Forecasts 5.7% Economic Growth for Morocco, Highest in MENA Region
15 October 2021
Morocco should achieve growth of 5.7% this year against 4.5% initially forecast, according to the International Monetary Fund (IMF).
Economy
Morocco’s Central Bank to Investigate Record Remittances from Diaspora
14 October 2021
Bank Al-Maghrib (BAM) will set up an ad hoc commission that will be responsible for providing explanations on the spectacular increase in transfers from the Moroccan diaspora (…)
Morocco’s Economy Poised for 7.1% Growth in 2021, CMC Report Predicts
14 October 2021
The growth rate for the year 2021 in Morocco could reach 7.1%, according to the Moroccan Center for Conjuncture (CMC).
Morocco’s Food Service Industry Seeks Recovery Plan Amid Gradual Reopening
14 October 2021
The food service industry is gradually resuming in Morocco, after months of cessation due to the health crisis. But the assessment remains mixed, pushing professionals to (…)
Record $9.5 Billion in Remittances Expected from Moroccans Abroad in 2021
14 October 2021
Remittances from Moroccans living abroad (MRE) should reach a record of 87 billion dirhams (MMDH) in 2021, an increase of 27.7%.
Repsol Tests New Biofuel in Toyota Hilux at Morocco Rally
14 October 2021
Repsol has seized the opportunity of the 2021 Rallye du Maroc to test its new renewable fuel in the Toyota Hilux Overdrive of Isidre Esteve and Txema Villalobos. The product, (…)
Morocco Emerges as Global Automotive Manufacturing Hub, Challenging China’s Dominance
14 October 2021
Over the years, Morocco has transformed into an automotive hub and aspires, in the long run, to dethrone China. What is the secret of this success?
Morocco’s Budget Deficit Shrinks as Economic Recovery Takes Hold
14 October 2021
At the end of last September, Morocco’s budget deficit has clearly regressed, according to the statement of the Treasury’s charges and expenses. It stood at 38.2 billion DH (…)
Morocco Accelerates Renewable Energy Push After Gas Pipeline Closure
14 October 2021
Since the announcement of the Algerian decision not to renew the concession contract for the Maghreb-Europe gas pipeline (GME) which crosses Morocco before serving Spain, the (…)
Morocco Hosts International Conference on Medical and Industrial Cannabis Potential
13 October 2021
The Moroccan Consultative Association for the Use of Cannabis is organizing, from October 22 to 24, in Tangier, the 1st International Conference on the Therapeutic and (…)