Tangier Opens Massive 11-Hectare Wholesale Produce Market
11 October 2020
Tangier has been home to a wholesale fruit and vegetable market since this Saturday, October 10. It covers a total area of 11 hectares.
Economy
Tangier Customs Seize Tons of Smuggled Textiles, Sparking Money Laundering Probe
11 October 2020
The authorities in the Tangier region have seized several tons of smuggled fabrics and textile items. An investigation has been opened in the wake of this on money laundering (…)
CNSS Launches Debt Amnesty Program for Moroccan Companies
11 October 2020
The amnesty on late payment penalties, fines and collection fees related to 2016 and prior has come into effect. It covers all companies affiliated with the CNSS and who (…)
Ryanair Resumes Flights to Morocco, Boosting Tourism to Key Cities
11 October 2020
The Irish low-cost airline Ryanair is resuming its flights to Morocco starting this Sunday, October 11. This is a joint decision of the Moroccan National Tourist Office (ONMT) (…)
Russian Confectionery Gains Easier Access to Moroccan Market
11 October 2020
Access to the Moroccan market is simplified for confectionery and plant-based products made in Russia. A single certificate is now sufficient.
Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports
11 October 2020
The dirham has depreciated by 0.53% against the euro and 0.10% against the dollar, according to Bank Al-Maghrib (BAM) in its bulletin on weekly indicators.
Morocco Seeks IMF Flexible Credit Line to Boost International Market Position
10 October 2020
A few days before the expiration of its Precautionary and Liquidity Line (PLL), Morocco wants to further negotiate the obtaining of a Flexible Credit Line from the (…)
Moroccan Asset Manager Sues Financial Regulator for Alleged Abuse of Power
10 October 2020
Following a sanction imposed on it by the Moroccan Capital Market Authority, a Moroccan management company has just filed a complaint with the administrative court. It is thus (…)
Essaouira Pivots to Luxury and Rural Tourism Amid Global Travel Slump
10 October 2020
Essaouira wants to cushion the shock caused by the drop in international tourism. It is making the choice of tactical and strategic withdrawal with miracle solutions such as (…)
Moroccan Hotels Face Mass Layoffs as Tourism Crisis Deepens
10 October 2020
After more than 7 months of inactivity, and with prospects still not looking good, many Moroccan hotel establishments are preparing to part with all or part of their staff. The (…)