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 (…)
Economy
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.
Israel-Morocco Direct Flights Set to Launch in July, Airlines Prepare
1 June 2021
Repeatedly postponed, direct flights between Israel and Morocco could be operated as early as July 2021. Already, airlines are getting busy.
Israel-Morocco Chamber of Commerce to Unveil Board, Including Ex-Astronaut Eytan Stibbe
31 May 2021
Businessman Eytan Stibbe (Stiva) will sit on the Board of Directors of the Israel-Morocco Chamber of Commerce. All members of this chamber will soon be known.
Marrakech Tourism Industry Struggles as COVID-19 Empties Iconic Square
31 May 2021
In Marrakech, the health crisis related to the coronavirus is hitting tourism hard. Without visibility for the summer, hoteliers, restaurateurs, travel agents in the ochre (…)
Morocco’s Tomato Exports to Russia Plummet 66% Since 2016
31 May 2021
Morocco has seen its tomato exports to Russia collapse over the past four years, reaching less than 36,000 tons in 2020. A figure three times less than in 2016.
Morocco’s Mortgage Market Surges: Housing Loans Up 6.1% in Early 2021
31 May 2021
Mortgage lending recorded a 3.6% increase at the end of April 2021, reaching 286.45 billion dirhams, according to the latest monetary statistics from Bank Al-Maghrib.
Morocco Ranks 5th Among Top African Economies in Forbes Middle East 2021 Report
31 May 2021
Despite the health crisis, Morocco is ranked this year in fifth place in the list of the best economies in Africa. This is the result of the Forbes Middle East 2021 ranking, (…)
Moroccan Dirham Slips Against Euro, Holds Steady vs Dollar: Central Bank Report
31 May 2021
The dirham remained almost stable against the US dollar and depreciated by 0.21% against the euro during the period from May 20 to 26, 2021. This is according to the indicators (…)