Morocco’s Credit Rating Downgraded as COVID-19 Impacts Economy
3 April 2021
The rating agency Standard & Poor’s has lowered Morocco’s sovereign rating from "BBB-/A-3" to "BB+/B". This emerges from the assessment published on April 2.
Economy
Morocco’s Economy Shrinks 7.1% in 2020 Amid COVID-19 Crisis
3 April 2021
The Covid-19 health crisis has had severe repercussions on the Moroccan economy, leading to an unprecedented recession. In 2020, GDP contracted by 7.1%.
Morocco’s Manufacturing Sector Sees 0.3% Rise in Producer Prices for February
3 April 2021
For the month of February 2021, the producer price index for the "Manufacturing industries excluding petroleum refining" sector increased by 0.3%. This is according to (…)
Morocco and Israel Sign Multimillion-Dollar Trade Agreement, Boosting Economic Ties
2 April 2021
Morocco and Israel are working to strengthen their economic cooperation after the normalization of relations between the two countries. In this sense, the kingdom has signed a (…)
Ryanair Expands Summer 2021 Routes from Bordeaux, Including New Morocco Flight
2 April 2021
Subject to the lifting of travel restrictions related to the Covid-19 pandemic, the Irish airline Ryanair will launch three new destinations, including one to Morocco, from (…)
Morocco Sees 15% Surge in Business Bankruptcies, Surpassing Pre-Pandemic Levels
2 April 2021
In 2021, bankruptcy declarations in Morocco have risen compared to 2020 when these declarations had fallen by 21%. This year, 2,694 companies have already closed their doors, (…)
Morocco Sees Surge in Contactless Payments Amid COVID-19, Limits Raised Twice
2 April 2021
The Coronavirus pandemic has led to a strong increase in contactless payments, also called contactless. This boom has led the Interbank Monetics Center (CMI) to raise the (…)
Moroccan Diaspora Pushes for Constitutional Right to Vote in Elections
1 April 2021
The participation of Moroccans of the World in elections is a "constitutional right, requiring legal guarantees for the exercise of this right," claimed Abdellah Boussouf, the (…)
Morocco Overtakes Spain as World’s Top Berry Producer
1 April 2021
The Moroccan berry sector excels to the point of becoming the most competitive in the world due to the many opportunities and varieties of products it offers. Morocco is thus (…)
Morocco Ranks Third Globally in Mandarin Exports, Shipping Over 500,000 Tons Annually
31 March 2021
With an annual average of 508,000 tons of mandarins exported between 2015 and 2020 and in view of the forecast data for the year 2021, Morocco is ranked 3rd largest exporter of (…)