Morocco’s Economy to Shrink 6.3% in 2020, Rebound Expected in 2021
23 September 2020
The Moroccan economy is expected to contract by 6.3% before rebounding by 4.7% in 2021. This is the scenario envisaged by Bank Al-Maghrib.
Economy
Marrakech Hotels Reopen, Aiming to Revive Winter Tourism Despite Border Closures
23 September 2020
In Marrakech, hoteliers want to save the winter season at all costs despite the closure of borders. Already about fifty establishments have reopened their doors.
Moroccan Consumers Call for Boycott as Chicken Prices Double
23 September 2020
The increase in the price per kilogram of chicken is not to the liking of Moroccans who have launched calls for a boycott on social networks.
Morocco to Introduce Single Professional Tax for Small Businesses in 2021
23 September 2020
The Moroccan government has put back on the table the single tax for flat-rate payers. A Single Professional Contribution (CPU) will thus be set up in 2021.
Morocco’s Tourism Revenue Plummets 44% Amid COVID-19 Crisis
23 September 2020
18.3 billion dirhams (MMDH). This is the amount published by the Directorate of Studies and Financial Forecasts (DEPF) and relating to the losses of the tourism sector due to (…)
Moroccan Shoppers Favor Local Grocers Over E-Commerce During Lockdown, Survey Finds
22 September 2020
Moroccan Internet users have the market and the grocery store over e-commerce during the lockdown. This is revealed by a Sunergia survey.
European Tourism Groups Urge EU to Replace Quarantine with COVID Testing
22 September 2020
Faced with the impact of the health crisis related to the coronavirus on their sector, more than twenty tourism and travel associations, including the European Travel (…)
US Treasury Probe Reveals Morocco’s Role in Global Money Laundering Network
22 September 2020
Morocco is a gray area of financial flow control. This is revealed by the Fincen Files investigation based on secret documents received by the American media BuzzFeed News.
Royal Air Maroc to Launch Four New Routes from Marrakech to European Cities
22 September 2020
The airline Royal Air Maroc (RAM) is preparing to launch four new lines connecting Marrakech to Europe. A test operation.
Marrakech Tourism Industry Pushes for ’Responsible Recovery’ Amid Pandemic
22 September 2020
Tourism professionals in the Marrakech-Safi region are determined to save the 2020/2021 winter season. This is the result of a recent working meeting of the Regional Tourism (…)