Morocco Pays October Tourism Sector Allowance Amid COVID-19 Recovery Efforts
2 December 2020
The CNSS is proceeding with the payment of the flat-rate allowance for the tourism sector for the month of October since Monday, December 1.
Economy
Moroccan Banks Face 14% Surge in Non-Performing Loans Amid COVID-19 Crisis
2 December 2020
The Moroccan banking system recorded, at the end of September, 80 billion DH in unpaid loans, or 8.5% of the outstanding bank loans. However, some banks have stated that these (…)
EU Considers Support for Morocco’s Mohammed VI Investment Fund Amid Economic Recovery
2 December 2020
The Minister of Economy, Finance and Administration Reform, Mohamed Benchaâboun, met on Tuesday with the European Commissioner for Neighborhood and Enlargement, Oliver (…)
OCP Group Appoints Nadia Fassi Fehri as Chief Transformation Officer
1 December 2020
The OCP Group, the leading exporter of phosphate in Morocco, welcomes Nadia Fassi Fehri to its Top Management. She is joining as Chief Transformation Officer and member of the (…)
Morocco’s Renewable Energy Bill Faces Industry Backlash Over Grid Connection Costs
30 November 2020
The draft law on self-production of electrical energy filed with the General Secretariat of the Moroccan government is causing waves in the business community. Renewable energy (…)
Moroccan Dirham Fluctuates: Gains Against Dollar, Slips Versus Euro
30 November 2020
The dirham appreciated by 0.36% against the US dollar and depreciated by 0.15% against the euro, during the period from November 20 to 25, 2020. This is indicated by the (…)
Morocco’s Tax Amnesty Deadline Approaches as Year-End Nears
29 November 2020
In order to mitigate the consequences of the health crisis on the 2020 finance law, and thus strengthen the relationship of trust between the Moroccan administration and the (…)
Moroccan Pilots’ Union Dissolution Challenged: Legal Battle with Royal Air Maroc Continues
29 November 2020
After the verdict pronouncing the dissolution of the Moroccan Association of Airline Pilots, the pilots’ lawyers want to appeal and challenge the decision. Hope seems allowed (…)
Morocco’s Energy Ministry Sees 50% Budget Cut as Agency Transfers Funds
29 November 2020
The 2021 investment budget of the Moroccan Ministry of Energy and Mines is showing a sharp decline. Amounting to nearly 63.8 MDH, it is down 50.76% compared to the 129.58 MDH (…)
Morocco Climbs 5 Spots in Global Renewable Energy Attractiveness Index
29 November 2020
Morocco has gained five places in terms of attractiveness in the renewable energy sector. This is what the London firm Ernst & Young (EY) indicates in its latest Renewable (…)