Morocco Considers Progressive Income Tax Reform to Address Economic Challenges
7 November 2020
The Economic, Social and Environmental Council (CESE) advocates that the income tax (IR) be more progressive, particularly for the top bracket.
Economy
Marrakech-Safi Region Attracts $2 Billion Investment, Creates 7,200 Jobs in 10 Months
7 November 2020
The investments of over 20 billion DH received in the last ten months confirm the attractiveness of the Marrakech-Safi region.
Morocco’s Chefchaouen and Marrakech Named Among World’s Top 50 Travel Destinations
7 November 2020
Two Moroccan cities are featured in the ranking of the 50 most popular destinations in the world. The choices were made by the 1.5 million readers of the travel website Big 7 (…)
Morocco Demands Renegotiation of Turkey Trade Deal Amid Job Losses and Economic Strain
7 November 2020
The free trade agreement signed in 2004 between Rabat and Ankara has created commercial instability in Morocco and destroyed thousands of jobs. This situation is causing (…)
Morocco’s Budget Deficit Soars to 41.3 Billion Dirhams in 2020 Finance Report
7 November 2020
A significant negative budget balance of 41.3 billion dirhams (MMDH) is observed after the execution of the Finance Act (LF) at the end of September 2020, according to the (…)
Morocco Releases 250 Dirham Commemorative Coin Honoring King Mohammed VI
7 November 2020
On the occasion of the celebration of the 21st anniversary of the enthronement of King Mohammed VI, Bank Al-Maghrib (BAM) has issued a commemorative silver coin with a face (…)
Morocco Remains Attractive Tourism Destination Despite Global Health Crisis, Study Finds
6 November 2020
The general perception of the Moroccan destination remains "positive" despite the international situation marked by the health crisis. This is the result of the "Tourism (…)
Moroccan Coastal Town Assilah Struggles as Tourism Crisis Deepens
6 November 2020
Many tourism professionals no longer have the means to overcome this economic crisis caused by Covid-19. In Assilah, they dread the worst for having missed the summer season.
Fitch Downgrades Moroccan Banks, Citing Government’s Limited Support Capacity
6 November 2020
The long-term foreign and local currency issuer default ratings of three Moroccan banks have been downgraded by Fitch Ratings. The ratings drop to "BB" with a more or less (…)
Automotive Suppliers Flock to Tanger Med Despite Pandemic Challenges
6 November 2020
Although the health crisis is raging, the automotive sector continues to develop in Tanger Med. Nearly half a dozen new equipment manufacturers have just set up their (…)