Citroën Ami Electric Car Demand Surges, Overwhelming Moroccan Factory
8 November 2020
The Citroën Ami electric is a huge success to the point that the manufacturer’s plant in Kénitra is overwhelmed. Delivery delays are becoming glaring.
Economy
Moroccan Tourism Revenue Plummets 98% in Summer Amid COVID-19 Crisis
8 November 2020
A drastic drop in revenue was recorded for the months of July and August in the Moroccan tourism sector. In her presentation to the deputies, Nadia Fettah Alaoui, Minister of (…)
Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports
8 November 2020
The dirham appreciated by 0.28% against the euro and 0.14% against the US dollar. This was during the period between September and October, according to Bank Al-Maghrib (BAM).
Moroccan Diaspora Remittances Surge 2.2% to 50 Billion Dirhams Despite Global Crisis
8 November 2020
Remittances from Moroccans living abroad increased by 2.2% at the end of September for an amount estimated at nearly 50 billion, according to the Office of Foreign Exchange.
Morocco’s Credit Rating Downgraded Amid COVID-19 Economic Impact
8 November 2020
The American agency Fitch Ratings lowered Morocco’s sovereign rating from "BBB-" to "BB+" on October 23 due to the health crisis caused by the coronavirus.
Morocco’s Event Industry Urges Government to Allow Small Gatherings Amid Crisis
8 November 2020
Forced to stop their activities since last March, the professionals of the events industry are once again launching an SOS to the government. They are inviting it to authorize (…)
Morocco Unveils Emergency Plan to Revive Struggling Craft Sector Amid Pandemic
8 November 2020
During the state of health emergency, 80% of the activities in the craft sector in Morocco were at a standstill, with a drop in sales and average income of more than 95%. Given (…)
Souss-Massa Region Unveils Industrial Land Guide to Boost Investment and Exports
8 November 2020
An industrial land guide has just been produced by the Regional Investment Center (CRI of Souss-Massa, with among other objectives, to support the regional Industrial (…)
Morocco’s Network Marketing Sector Faces Job Losses Amid Rising Import Duties
7 November 2020
In Morocco, the increase in import duties of 25%, 30% and since last July 40% has weighed down the turnover of several major brands affiliated with the Moroccan Federation of (…)
Fez-Meknès Craft Sector Devastated: 87,000 Artisans Idle Amid COVID-19 Crisis
7 November 2020
The Covid-19 pandemic has not spared the economy of Fez-Meknès based on crafts with nearly 124,000 jobs.