Morocco Maintains Food Subsidies Despite Budget Cuts in 2021
25 October 2020
In 2021, basic food products will continue to be subsidized, even if a 10% drop is expected this year in the Kingdom.
Economy
Morocco Loses Investment Grade as Fitch Downgrades Rating Amid Economic Pressures
25 October 2020
The American agency Fitch Ratings has just lowered Morocco’s rating from BBB- to BB+. This rating has caused the Kingdom to lose its "Investment grade".
Moroccan Tourism Board Launches Virtual "Marketing Days" Event to Boost Sector Recovery
25 October 2020
The Moroccan National Tourist Office (ONMT) is multiplying initiatives to fight the pandemic crisis that is weighing down the tourism sector. By putting words into action, it (…)
Moroccan Bank BCP Seeks Asian Partner, Plans to Open Capital Share
24 October 2020
The Moroccan Banque Centrale Populaire (BCP) is looking for a strategic partner in Asia. As part of its new five-year development program, it is preparing to launch (…)
Ryanair to Refund Canceled Flights, Boost Customer Service for Moroccan Travelers
24 October 2020
Unlike some airlines, Ryanair is preparing to refund canceled flights due to the coronavirus. Several Moroccan passengers are also affected by this measure.
Ryanair Expands Winter Service to Morocco with 58 Weekly Flights to 8 Cities
24 October 2020
The Irish low-cost airline, Ryanair, wants to resume its flights to Morocco for its winter program. It has scheduled more than 58 weekly flights on 45 routes to several (…)
Morocco’s Civil Service Pay Gap Widens Despite Average Salary Increase
23 October 2020
In Morocco, 8.54% of civil servants of the State receive only between 3,000 and 4,000 dirhams per month. This is far from the 8,147 dirhams set as the average monthly net (…)
Morocco’s Consumer Prices Rise 0.3% in September, Led by Food Costs
23 October 2020
A 0.3% increase in the consumer price index (CPI) was recorded in September 2020, according to the High Commission for Planning (HCP).
Moroccan Citrus Boom Challenges Industrial Juice Producers
23 October 2020
Moroccan industrial fruit juice producers are not at the end of their troubles. While the sector has been experiencing a decline in profits for several years, it must now face (…)
Morocco Reports 5.5% Rise in Counterfeit Currency, 200 Dirham Notes Most Affected
23 October 2020
Counterfeit banknotes increased by 5.5% in 2019 after a 7% decline in 2018. More than 69% of counterfeit banknotes discovered by Bank Al-Maghrib are 200 DH denominations.