Economy

Israeli Hotel Giant Fattal Group Plans Major Expansion into Morocco’s Tourism Market

6 May 2021

Fattal Hotel Group, one of the major Israeli hotel groups, is about to set up in Morocco. Since the resumption of diplomatic relations, cooperation between the two countries is (…)

Morocco Allocates 3 Billion Dirhams Annually for Critical Road Maintenance

5 May 2021

Road maintenance is of paramount importance for the kingdom. Of the total annual budget allocated to roads, nearly 46%, or three billion dirhams (MMDH), is dedicated to it.

Morocco’s Civil Service Minimum Wage Surges 81% in Decade, Report Shows

5 May 2021

Between 2010 and 2020, the minimum wage in the Moroccan civil service has almost doubled, going from 1800 to 3250 DH. This increase is equivalent to an 81% increase over ten years.

Morocco’s Cafe and Restaurant Industry in Crisis: Owners Seek Government Rescue Plan

5 May 2021

Since the start of the coronavirus pandemic in Morocco, cafe and restaurant revenues have fallen by 60% while 25% of businesses in the sector have been forced to close (…)

Morocco’s Automotive Exports Surge 38.9% in Q1 2021, Boosting Economy

4 May 2021

In Morocco, exports in the automotive sector are strongly increasing in the first quarter of 2021, reaching 38.9% for a gain of 22.6 billion dirhams. These figures show a clear (…)

Moroccan Consumer Confidence Surges, Boosting Real Estate and Bank Lending

4 May 2021

Moroccan households are regaining a certain improvement, as reflected in the future financial situation, which gained 20.7 points compared to the fourth quarter of 2020 and (…)

Moroccan Industrial Giant DLM Seeks Recovery Amid Financial Crisis

4 May 2021

Fallen into cessation of payments and at the heart of a judicial recovery plan since April 26 last, the industrialist Delattre Levivier Maroc (DLM) says it is optimistic and (…)

African Subsidiaries Boost Maroc Telecom’s Q1 Performance Amid Pandemic Challenges

4 May 2021

While the fierce competition generated by the advent of the Covid pandemic has reduced Maroc Telecom’s revenues by 55%, the group’s international division was able to stop the (…)

Morocco’s Unemployment Rate Climbs to 12.5% in Q1 2021, Rural Areas Hit Hard

4 May 2021

The unemployment rate in Morocco rose by two points in the first quarter of 2021 compared to the same period last year, from 10.5% to 12.5%, according to the High Commission (…)

AfDB Grants $1 Million to Boost Morocco’s Business Climate and Economic Recovery

4 May 2021

The African Development Bank (AfDB) intends to support the improvement of the business climate in Morocco, which is striving to "succeed in a high-road crisis exit". In this (…)