Moroccan Banks Restrict Household Loans Amid Economic Uncertainty
25 November 2020
Banks will lend less and less to households in Morocco. After noting a sharp slowdown in the repayment pace, they are tightening credit granting conditions.
Economy
Mauritania Eases Visa Rules for Moroccan Businesses, Boosting Economic Ties
25 November 2020
Mauritania has decided to relax the conditions for obtaining a two-year multiple-entry visa for member companies, according to the General Confederation of Moroccan Enterprises (…)
Moroccan Textile Industry Faces Crisis as Global Demand Plummets Amid Pandemic
24 November 2020
The health crisis due to Covid-19 has not spared the textile sector. Faced with the constant threat to the sector’s production capacities, there are fears of plant closures and (…)
Morocco Unveils Tourism Recovery Plan Amid Industry Push for 2022 Rebound
24 November 2020
Travel agents want to relaunch their activities at all costs. To this end, they met with Nadia Fettah Alaoui, Minister of Tourism, Handicrafts, Air Transport and Social Economy (…)
Danone Plans Global Job Cuts: Moroccan Subsidiary’s Fate Uncertain
24 November 2020
The French food multinational Danone, which has a subsidiary in Morocco, plans to cut 25% of its workforce in these times of health crisis related to Covid-19. Are its Moroccan (…)
Morocco Updates Tobacco Law, Introduces Tax on Heated Products
23 November 2020
The regulation of raw and manufactured tobacco in Morocco has been updated through draft law 66-20. The project was voted on by the Finance and Productive Sectors Committee on (…)
Moroccan Air Travel Plummets 70% in 2020 Amid Global Pandemic
23 November 2020
Over the first ten months of 2020, commercial passenger traffic fell by 70.79% compared to 2019. Moroccan air traffic thus stood at 6.144 million passengers, according to the (…)
Moroccan Dirham Gains Against Dollar, Slips Versus Euro as Reserves Dip
23 November 2020
The dirham appreciated by 0.59% against the US dollar and depreciated by 0.22% against the euro, during the period from November 12 to 17, 2020. This is what the indicators (…)
Morocco Launches Domestic Arms Industry with US Military Support
23 November 2020
Morocco can now embark on the manufacture of weapons after the adoption of the law allowing the military establishment to establish industrial units for the manufacture of (…)
Morocco Overhauls Housing Programs Amid Pandemic Recovery Efforts
23 November 2020
The Ministry of Housing, Urban Planning and City Policy is preparing a new generation of specifications.