Coca-Cola Restructures Global Operations, Job Cuts Possible in Morocco
29 August 2020
Coca-Cola announced on Friday job cuts, which could also affect its employees in Morocco.
Economy
Morocco’s Tourism Industry Loses $1.1 Billion as COVID-19 Slashes Arrivals by 63%
29 August 2020
At the end of the first six months of the year, tourism revenues in Morocco fell by 33.2%, or 11.1 billion dirhams. To limit the negative impact of the health crisis on the (…)
Morocco Unveils Plan to Revitalize Cooperative Sector Amid Economic Challenges
29 August 2020
The revival of the cooperative sector in Morocco is now imperative and calls for reforms. The time of welfare assistance, which did not actually bring happiness to the sector’s (…)
Moroccan Central Bank Urges Banks to Reduce Real Estate Holdings Amid Market Concerns
28 August 2020
The real estate assets held by Moroccan banks are a concern for the central bank. In this regard, Bank Al-Maghrib has invited banks to reduce their balance sheet.
Moroccan Real Estate Market Plunges: Prices and Transactions Plummet Amid Economic Crisis
28 August 2020
The Moroccan real estate market continues its downward slide. According to the index of real estate asset prices published by Bank Al-Maghrib, there is a 3.3% drop, with (…)
New Labor Decree Clarifies Dismissal Rules for Fixed-Term Contracts in Morocco
28 August 2020
The dismissal procedure in a fixed-term employment contract is criticized due to some difficulties of understanding. Specialists in the field have clarified the conditions for (…)
Morocco’s Cereal Imports Surge Nearly 50% as Port of Casablanca Leads Traffic
28 August 2020
Cereal imports for the first seven months of the year reached 5.9 million tons, up 49.8% compared to the first seven months of 2019, according to the National Ports Agency (ANP).
Moroccan Banks Accept Real Estate as Loan Repayment Amid Sector Challenges
28 August 2020
Faced with the increase in debt payments, Moroccan banks have reduced their exposure to real estate development in recent years, especially with regard to individual (…)
Royal Air Maroc Spends Millions on Pilot Layoffs Amid Financial Strain
28 August 2020
While it is already in a very delicate situation, the airline Royal Air Maroc has just taken out the checkbook again to finance its economic redundancy plan.
Morocco’s Tourism Revenue Plummets 60% Amid Pandemic, Arrivals Down 63%
28 August 2020
The Moroccan tourism sector, heavily impacted by the health crisis, is facing a drop in foreign exchange earnings. This decline is estimated at 60% of its revenues since the (…)