Morocco’s Tourism Sector Faces Investment Freeze Amid COVID-19 Crisis
26 November 2020
The health crisis related to the coronavirus has had a negative impact on tourism investments to the point of darkening the horizon of a better tomorrow.
Economy
Marrakech Airport Sees 73% Drop in Passengers Amid Pandemic
26 November 2020
The air traffic of Marrakech-Menara International Airport experienced a 73.36% drop during the first 10 months of 2020. This is what the National Airports Office (ONDA) indicated.
French Auto Parts Firm Tecma Expands to Tanger Med, Boosting Morocco’s Automotive Sector
26 November 2020
The French company Tecma Global Solutions has set up shop in Tanger. The specialist in engineering and mold manufacturing for the automotive industry is targeting imports and (…)
Morocco: Over 470,000 Households Receive Loan Deferrals Amid COVID-19 Crisis
25 November 2020
As of the end of September 2020, the number of beneficiaries of the deferral of the maturities of real estate and consumer loans for people impacted by the health crisis (…)
Morocco’s Fishing Industry Hit by COVID-19 and Drought, Reports Show Decline
25 November 2020
Between declining volumes and market values, fishing in Morocco is affected by the health crisis related to Covid-19 and the drought.
Moroccan Banks Restrict Household Loans Amid Economic Uncertainty
25 November 2020
Banks will lend less and less to households in Morocco. After noting a sharp slowdown in the repayment pace, they are tightening credit granting conditions.
Mauritania Eases Visa Rules for Moroccan Businesses, Boosting Economic Ties
25 November 2020
Mauritania has decided to relax the conditions for obtaining a two-year multiple-entry visa for member companies, according to the General Confederation of Moroccan Enterprises (…)
Moroccan Textile Industry Faces Crisis as Global Demand Plummets Amid Pandemic
24 November 2020
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and (…)
Morocco Unveils Tourism Recovery Plan Amid Industry Push for 2022 Rebound
24 November 2020
Travel agents want to relaunch their activities at all costs. To this end, they met with Nadia Fettah Alaoui, Minister of Tourism, Handicrafts, Air Transport and Social Economy (…)
Danone Plans Global Job Cuts: Moroccan Subsidiary’s Fate Uncertain
24 November 2020
The French food multinational Danone, which has a subsidiary in Morocco, plans to cut 25% of its workforce in these times of health crisis related to Covid-19. Are its Moroccan (…)