Moroccan Tractor Sales Plummet 32% Amid Coronavirus and Drought
23 May 2020
Coronavirus is hitting the agricultural machinery sector in Morocco. At the end of April 2020, new tractor sales show a 32% drop compared to the same period in 2019.
Economy
Moroccan Ports See 10% Traffic Surge Amid Pandemic, Handling 32 Million Tons
22 May 2020
Despite the crisis related to the coronavirus, traffic in Moroccan ports has been maintained with nearly 32 million tons processed by the end of April 2020.
Morocco Sets Zakat Al Fitr at 13 Dirhams for Eid 2020
22 May 2020
The amount of Zakat Al Fitr has just been announced by the Moroccan religious authorities, and more specifically by the Supreme Council of Ulema (CSO).
Morocco Faces 7.5% Budget Deficit Risk as COVID-19 Impacts Economy
22 May 2020
Morocco could record a budget deficit due to the covid-19 pandemic crisis. The main financial institutions in the kingdom are sounding the alarm on this risk, which can drive (…)
Moroccan Real Estate Market Resilient as Investors Eye Opportunities Amid Pandemic
22 May 2020
The crisis of the covid-19 pandemic is not changing the decision for real estate investment. A survey conducted by the international real estate network Keller Williams reveals (…)
Morocco Streamlines Construction Permits to Boost Post-Pandemic Economy
22 May 2020
The Ministry of Spatial Planning has just generalized the pre-instruction procedure and the re-examination of pending authorization application files.
Morocco’s Textile Industry in Crisis: Thousands of Workshops Face Closure Amid Pandemic
22 May 2020
The textile-clothing sector in Morocco is facing enormous difficulties due to the covid-19 pandemic. Several tens of thousands of small formal and informal workshops are dying. (…)
Morocco Triples Avocado Exports to Europe, Gains Market Share
22 May 2020
Although a newcomer in the highly competitive avocado sector, Morocco has managed to establish itself on the global market. Thanks to the quality of its production, the kingdom (…)
Arab Monetary Fund Grants Morocco $127 Million Loan to Combat COVID-19 Economic Impact
21 May 2020
The Arab Monetary Fund (AMF) is coming to the rescue of Morocco in its desire to revive the economy, whose growth is severely disrupted by the current health crisis. It has (…)
EasyJet Data Breach Exposes 9 Million Customers’ Information in Sophisticated Cyberattack
21 May 2020
The British low-cost airline EasyJet has been the victim of a "highly sophisticated" cyberattack that has affected around 9 million customers. It is not yet known whether (…)