Colas Rail Wins Contracts for Casablanca Tramway Expansion Project
2 March 2021
Colas Rail will participate in the construction of the T3 and T4 lines of the Casablanca tramway. It has just won two new contracts.
Economy
EU Removes Morocco from Tax Haven Gray List, Boosting Investment Prospects
2 March 2021
On February 22, the European Union removed Morocco from the gray list of tax havens. This decision opens a new era for the relations between Moroccan and European economic (…)
Moroccan Dirham Weakens Against Euro, Gains on Dollar Amid Reserve Changes
1 March 2021
The dirham appreciated by 0.45% against the US dollar and depreciated by 0.32% against the euro during the period from February 18 to 24, 2021. This is what the indicators (…)
Fuel Prices Surge in Morocco as Global Oil Market Recovers
1 March 2021
With the gradual resumption of economic activity, a global upward trend in fuel prices is being observed, which could intensify in the coming weeks. While in Europe, a rise in (…)
Transavia Launches New Budget Flight from Bastia to Fez, Morocco Starting at €54
28 February 2021
The low-cost airline Transavia plans to launch a new air route to Morocco next summer. This new line will allow travelers to reunite with their loved ones.
New Maritime Route to Slash UK-Morocco Trade Time, Boost Fresh Produce Imports
28 February 2021
Morocco and the United Kingdom are preparing to launch a new shipping line. This new shipping route that will directly connect Tangier to Poole in southern England should allow (…)
Tanger Med Port Sets Record Container Traffic, Surges 20% in 2020
28 February 2021
In the fourth quarter of 2020, the activity of the Tanger Med port hub resulted in an increase in the main indicators of port activity. For the year 2020 in general, the (…)
Morocco Waives Tax Penalties to Boost Payment of Overdue Debts
27 February 2021
The General Treasury of the Kingdom (TGR) has decided to encourage taxpayers to pay tax and duty arrears and other debts owed to the State and local authorities, issued before (…)
Morocco Considers Legalizing Medical Cannabis, Following Israel’s Lead
27 February 2021
Since the early 2000s, Israel has authorized the medical use of cannabis and even its export, in 2019. Seeing all the potential it has, Morocco would benefit from following its (…)
Morocco’s Tourism Transport Sector Seeks Massive Loan Deferrals Amid Economic Strain
27 February 2021
Currently, more than 57,000 applications for deferral of credit maturities have been filed by tourist carriers and short-term rental companies in Morocco. This number totals (…)