Morocco Signs Deal to Expand Halal Exports to Russian Market
17 November 2020
The Russian Halal market could offer new opportunities for Moroccan producers. In this sense, a new agreement has just been signed between Morocco and Russia.
Economy
Moroccan IT Giant Diffazur Enters Receivership Amid Financial Crisis
17 November 2020
Mired in a deep crisis, the former giant of computer equipment and IT solutions distribution in Morocco, Diffazur, has been placed in receivership.
Morocco’s GDP Doubles in Two Decades, Surpassing 1 Trillion Dirhams
16 November 2020
Between 2000 and 2019, Morocco’s Gross Domestic Product (GDP) doubled, reaching over 1,000 billion dirhams. This is what the Minister of Economy indicated in his response, (…)
Royal Mansour Spa Wins Top Honors for Luxury Hotel and Hammam Experience in Morocco
16 November 2020
The Royal Mansour Spa has won the award for best hotel spa and that for the best hammam experience in Morocco. The "World Travel Awards" is the initiator of these awards.
Marrakech Tourism Industry Urges Border Reopening for 2021 Recovery
16 November 2020
Faced with the uncertainty hanging over their profession and the difficulties they are facing, event and business tourism professionals in Marrakech are calling for the borders (…)
Moroccan Firms Reassess Performance Bonuses Amid COVID-19 Cash Flow Concerns
16 November 2020
In Morocco, variable compensation will be the subject of 2021. At least that’s what Achraf Dahbi, activity director at LMS ORH, claims.
Morocco’s Central Bank to Tighten Loan Requirements in 2021 Amid Rising Household Debt
16 November 2020
New recommendations from Bank Al-Maghrib (BAM) are expected at the beginning of 2021. They concern the conditions for granting loans by banks and consumer credit companies.
Moroccan Bank Deposits Surge Despite COVID-19 Economic Challenges
16 November 2020
Until the end of September, the economic activity of banks does not seem to be affected by the effects of the health crisis. The outstanding deposits and loans have recorded an (…)
Morocco Extends Real Estate Tax Incentives Through June 2021
16 November 2020
The Finance Committee of the first Chamber has just adopted two new measures as part of registration fees. Thus, the incentives for real estate developed in the 2020 Amending (…)
Morocco’s Budget Deficit Soars to 50.5 Billion Dirhams Amid COVID-19 Crisis
15 November 2020
Due to the spread of the pandemic and the slow recovery, Morocco’s public finances are in poor shape. At the end of October, the kingdom is facing a budget deficit of 50.5 (…)