Moroccan Dirham Strengthens Against Dollar and Euro in June, Central Bank Reports
14 July 2020
The dirham appreciated by 1.78% against the US dollar and 1.40% against the euro in June 2020, according to [Bank Al Maghrib (BAM)>word853]
Economy
Morocco Ranks 5th in Africa’s Wealthiest Nations, World Bank Reports
14 July 2020
In the new ranking of the richest African countries, published by the World Bank, Morocco ranks 5th. Not surprisingly, the United States and China are at the top of the global (…)
Islamic Banks in Morocco Face Setbacks Amid COVID-19 Crisis
14 July 2020
Covid-19 has had a negative impact on Islamic banks. However, measures are being put in place to boost participatory finance.
Morocco Injects $600 Million to Rescue National Airline Amid COVID-19 Crisis
14 July 2020
Like other airlines that have benefited from government support to relaunch, Royal Air Maroc (RAM) will soon receive specific support of 6 billion DH from the Moroccan state.
Agadir’s $590 Million Urban Development Plan Nears Approval
14 July 2020
The urban development plan of Agadir will soon be a reality. In this perspective, the Municipal Council is mobilizing to finance the various projects.
Morocco Ranks Third in European Wheat Imports, Importing 2.5 Million Tons
14 July 2020
With more than 2.5 million tons of European wheat imported during the 2019-2020 campaign, Morocco is the third largest destination by volume. This is indicated by data from the (…)
Morocco Raises Property Tax Break Threshold to 2.5 Million Dirhams
14 July 2020
An important amendment on the reduction of registration fees was adopted in the early hours of last Sunday by the Finance Committee in the House of Representatives as part of (…)
Morocco’s Seasonal Rental Market Surges Despite Pandemic, Locals Favor Private Stays
14 July 2020
Seasonal rentals are holding up despite the health crisis related to the coronavirus and the absence of Moroccans residing abroad (MREs) in the real estate market. The summer (…)
Royal Air Maroc Maintains Reasonable Fares for Special Flights Amid COVID-19 Crisis
14 July 2020
In the context of the health crisis related to the coronavirus, Royal Air Maroc (RAM) has decided to maintain its prices at reasonable levels. This measure is part of the (…)
Royal Air Maroc Expands Ticket Sales to Travel Agencies Ahead of July 15 Flight Resumption
14 July 2020
The marketing of Royal Air Maroc’s special flights has resumed on all its platforms. Pending the start of its flights scheduled for July 15, the company has extended the sale (…)