Peugeot Plant in Morocco to Double Production Capacity Amid Regional Growth
19 July 2020
The doubling of the production capacity of the Kénitra plant will be effective as of September, the PSA group has announced.
Economy
Moroccan Dirham Weakens Against Euro, Gains on Dollar Amid Reserve Growth
19 July 2020
Bank Al-Maghrib (BAM) indicates that from July 9 to 15, the dirham depreciated by 0.56% against the euro, while against the dollar, the Moroccan currency gained 0.81%.
Moroccan Insurance Sector Sees Sharp Decline in Revenue Amid Covid-19 Crisis
19 July 2020
The collection rate in the insurance sector has fallen to 35%, leading to a drastic drop in turnover.
World Bank Praises Morocco’s ’Proactive’ COVID-19 Response, Citing Economic Progress
19 July 2020
In a recent report, the World Bank estimates that the Moroccan government has provided a "rapid and decisive" response to the health crisis of the coronavirus and the economic (…)
Poultry Industry Faces $50 Million Loss as COVID-19 Exposes Sector Vulnerabilities
18 July 2020
The Covid-19 crisis has spared no sector. According to the National Association of Industrial Poultry Slaughterhouses (ANAVI), poultry slaughterhouses have been hard hit by the (…)
Morocco’s Industrial Sector Praised for Swift COVID-19 Response, Oxford Report Finds
18 July 2020
Morocco has reacted positively to the coronavirus pandemic on all fronts. In a report prepared in collaboration with the Moroccan Investment and Export Development Agency (…)
Morocco Aims to Rival India as Top Destination for Western Industrial Relocation
18 July 2020
Leveraging its assets, Morocco is expressing its interest in the relocation of industry from Western countries, particularly European ones.
Morocco Unveils New Tourism Strategy to Boost Recovery and International Visitors
18 July 2020
The Minister of Tourism announced on Thursday the existence of a new program to promote the tourism sector. Its aim is to facilitate the marketing of the Moroccan destination (…)
Moroccan Expats Face Delays as Italy’s Genoa Port Tightens Controls for Repatriation
18 July 2020
The first ferry loaded with Moroccans residing abroad since the port of Genoa in Italy is overwhelmed, between passenger control and compliance with health measures. The (…)
Morocco Bolsters Anti-Money Laundering Laws to Combat Terrorism Financing
17 July 2020
The Minister of Justice, Mohamed Ben Abdelkader, indicated on Tuesday in Rabat that Morocco is making efforts to strengthen its system to fight money laundering and the (…)