Moroccan Craft Exports Surge: US, Canada, and Europe Drive Demand
3 June 2021
Enjoying a good reputation on the world market, Moroccan craft products are establishing themselves, contributing significantly to the kingdom’s export turnover.
Economy
Moroccan Dirham Drops Over 7% Against Pound Sterling, Weakens vs Dollar
3 June 2021
The dirham has fallen sharply against the main reference currencies. This decline goes beyond 7.0% for the GBP (pound sterling)/MAD pair.
Morocco Unveils $318 Million Investment Plan, Creating 10,600 Jobs Across 10 Industries
3 June 2021
Morocco has launched a battery of investment projects close to three billion dirhams and carrying more than 10,000 job opportunities, according to a press release from the (…)
Morocco Suspends Green Hydrogen Deal with Germany Amid Diplomatic Tensions
2 June 2021
The diplomatic crisis between Morocco and Germany has shattered the agreement linking the two countries on green hydrogen. The "deep misunderstandings" between Rabat and (…)
Russia Resumes International Flights to Morocco, UK, and European Countries Amid Easing COVID Restrictions
2 June 2021
Russia has decided to reopen its air links with Morocco, Lebanon, the United Kingdom and several European countries. These flights had been suspended due to the Covid-19 pandemic.
Morocco’s Tax Amnesty Deadline Looms: Taxpayers Have Until June 30 to Clear Debts
2 June 2021
The countdown has begun for taxpayers wishing to benefit from the total cancellation of fines, penalties, surcharges and collection costs related to the principal of taxes, (…)
British Gas Firm Sound Energy Faces Moroccan Tax Reassessment, Shares Plunge 17%
2 June 2021
The Moroccan subsidiary of the British gas company Sound Energy is the subject of a tax reassessment concerning taxes and duties for the 2016-2017 period. The firm is (…)
Moroccan Diaspora Remittances Surge 40% Amid Global Crisis
2 June 2021
20.9 MMDH, this is the total of "MRE transfers" in the first quarter of 2021, compared to 14.73 MMDH in the first quarter of 2020. Several reasons explain this increase which (…)
Moroccan Tourism Industry Pleads for Royal Intervention Amid Crisis
1 June 2021
The Moroccan tourism sector is in agony, and with it, tens of thousands of families who depend on it and are on the brink of begging. The collective of the new generation of (…)
Chinese State-Owned Group Eyes Morocco’s Marrakech-Agadir High-Speed Rail Project
1 June 2021
The Chinese group Zhong Neng Xuan Zong Industrial (ZN) is expressing interest in the Marrakech-Agadir High Speed Rail project. It is a state-owned group.