EBRD Grants $40 Million Loan to CaixaBank Morocco for SME Support
19 August 2020
The Moroccan branch of CaixaBank has received a loan of 430 million dirhams from the European Bank for Reconstruction and Development (EBRD).
Economy
Moroccan Food Giant Lesieur Cristal Thrives, Plans 83 Million Dirham Dividend Despite Pandemic
19 August 2020
The Lesieur Cristal company is at its best. It has not been affected by the economic crisis caused by Covid-19.
Morocco’s Enactus Program Boosts Youth Entrepreneurship with Virtual Exchange Initiative
19 August 2020
Enactus Morocco is one of the four new partners who will receive funding to provide young people with training opportunities worldwide. This partnership is part of a strategic (…)
Apple’s Value Surpasses Combined GDP of Top 10 African Economies, World Bank Reports
18 August 2020
The World Bank states that the sharp increase in the valuation of the Apple brand (over $1.8 trillion) is equivalent to the combined GDP of the 10 largest African economies.
Tunisair Cancels Repatriation Flights from Morocco Amid Financial Crisis
18 August 2020
The airline Tunisair had planned about ten special flights to and from Casablanca by mid-September to repatriate Tunisian nationals stranded in Morocco since the closure of (…)
Moroccan Dirham Strengthens Against Dollar, Slips Versus Euro in July
18 August 2020
The dirham appreciated, on a monthly basis, by 1.23% against the US dollar and depreciated by 0.32% against the euro in July, according to Bank Al-Maghrib (BAM).
Moroccan Catering Industry Paralyzed by COVID-19, Seeks Government Aid
18 August 2020
Moroccan caterers have been inactive since March due to the health crisis related to the coronavirus. They are calling on the state for help to get out of this ongoing situation.
Royal Air Maroc Pilots Challenge Layoffs, Cite Contract Violations
18 August 2020
Following the decision of Royal Air Maroc to lay off 140 employees, including 65 technical flight crew, 50 commercial flight crew and 16 ground staff, the pilots have notified (…)
Morocco Launches $4.5 Billion Strategic Investment Fund to Boost Economy Post-COVID
17 August 2020
Moroccan experts and analysts are looking at the financial structure of the strategic investment fund that will be endowed with an envelope of 45 billion dirhams (MMDH). This (…)
COVID-19 Relief: Local Tax Exemptions for Businesses Affected by Pandemic
17 August 2020
People affected by the pandemic are exempt from taxes and fees due to the municipality. This is the decision of the Ministry of the Interior which provides details on the (…)