Morocco Authorizes TUI Fly to Operate Special Flights from Belgium for Citizens and Residents
25 August 2020
TUI fly is preparing to operate special flights between Belgium and Morocco from August 27 to September 10.
Economy
Morocco’s Economy Falters: GDP Shrinks 13.8% as Exports and Imports Plummet
25 August 2020
Morocco’s vulnerabilities have been exposed in the latest report from the Amadeus Institute, particularly in terms of economic growth, which fell by 13.8% in the second quarter.
Morocco’s Tourism Industry Faces $5 Billion Loss as COVID-19 Closes Borders
24 August 2020
The coronavirus has severely impacted Moroccan tourism due to the closure of the kingdom’s borders. As a result, heavy losses have been recorded.
Morocco’s Communal Equipment Fund Reports 11% Growth Amid Pandemic
24 August 2020
The business continuity plan, initiated in early March last year by the Communal Equipment Fund, has enabled it to achieve excellent performance during the coronavirus (…)
Moroccan Dirham Strengthens Against Dollar, Weakens Versus Euro in Mid-August
24 August 2020
The dirham appreciated by 0.87% against the dollar and depreciated by 0.51% against the euro, during the period from August 13 to 19, 2020, according to Bank Al-Maghrib (BAM).
Morocco Targets 5.4% Economic Growth in 2021, Rebounding from Pandemic Slump
24 August 2020
5.4% in 2021 against -5% in 2020, this is the economic growth rate that Moroccan Prime Minister Eddine El Othmani sets for his government. This involves austere and rational (…)
Morocco Expands Universal Health Coverage and Social Benefits Starting 2021
24 August 2020
The government is prioritizing the generalization of social coverage, a measure announced by King Mohammed VI during his throne speech.
Morocco Tightens Real Estate Lending Rules to Safeguard Banking Sector
23 August 2020
Bank Al Maghrib sets new rules to protect the banking sector from bankruptcy, especially in terms of real estate loans. It calls for vigilance in order to secure assets.
Morocco Slashes Budget as Pandemic Strains Economy
22 August 2020
The Moroccan economy is doing poorly. The Covid-19 pandemic has impacted all sectors, forcing the state to scale back its ambitions. This is what the Head of Government is (…)
Morocco’s Car Rental Industry Faces Crisis as Bookings Plummet
21 August 2020
Car rental agencies are among the sectors of activity that will have difficulty recovering after having spent nearly four months in confinement. In Morocco, we note a drop in (…)