COVID-19 Crisis Threatens 30% of Moroccan Pharmacies with Closure
8 March 2021
With the health crisis related to the coronavirus, many pharmacies could close permanently in Morocco. 30% of them are facing huge losses. Bankruptcy is imminent.
Economy
Global Raw Material Costs Drive Up Moroccan Meat and Cooking Oil Prices
8 March 2021
Just like the consumer prices of cooking oil, those of red meats will experience an increase due to the surge in international prices of raw materials.
Morocco Extends COVID-19 Measures, Sparking Outrage Among Cafe and Restaurant Owners
8 March 2021
The extension of the state of health emergency is not to the liking of cafe and restaurant owners, who see through this measure imminent bankruptcies. In their sights, the (…)
Global Olive Oil Consumption Dips, but Morocco Bucks Trend with 4 Liters Per Capita
8 March 2021
The International Olive Council (IOC) forecasts a 1.5% decline in global olive oil consumption during the 2020-2021 season compared to the 2019-2020 campaign, to settle at less (…)
EIB Invests €85 Million to Digitalize Morocco’s Highway Network
8 March 2021
The European Investment Bank (EIB) and the Société Nationale des Autoroutes du Maroc (ADM) are strengthening their partnership. In a press release, the two institutions have (…)
Moroccan Dirham Gains Against Euro, Official Reserves Rise to 308.5 Billion
8 March 2021
The dirham appreciated by 0.51% against the euro and depreciated by 0.13% against the US dollar, during the period from February 25 to March 03. This is what the indicators (…)
Abraham Fund for Morocco-Israel Ties Vanishes Under Biden Administration
7 March 2021
There is no visibility on the Abraham Fund to finance economic projects as part of the normalization of diplomatic relations between four Arab countries, including Morocco and (…)
Moroccan Gas Stations Urge Crackdown as Fuel Black Market Surges
6 March 2021
The black fuel market reigns supreme in Morocco to the point of worrying the owners of service stations. Faced with anti-competitive practices, they call on the Ministry of (…)
Morocco Races to Curb Informal Economy to Meet FATF Standards
5 March 2021
Listed in the FATF gray list, Morocco must reorganize its system. The informal sector, crowned by underreporting, lack of invoices, smuggling, must be reduced as soon as possible.
Tangier to Launch Two Industrial Zones Following Deadly Workshop Tragedy
5 March 2021
Two new industrial zones for informal activities will soon be launched in Tangier. A project that comes after the tragedy that occurred in a clandestine textile workshop, which (…)