Moroccan Dirham Strengthens Against Euro and Dollar, Reserves Rise
11 May 2020
The Moroccan dirham appreciated by 0.54% against the euro and 0.19% against the dollar during the period from April 30 to May 6, 2020.
Economy
Textile Manufacturers Struggle Despite Partial Lift on Mask Export Ban
11 May 2020
Despite the lifting of the ban on exporting fabric masks, textile manufacturers who have switched to making protective masks are far from satisfied.
Nigerian Health Tech Startup "Helium Health" Eyes Expansion into Morocco
11 May 2020
The Moroccan market is coveted by many companies around the world. "Helium Health", a Nigerian startup specializing in technological solutions for the healthcare sector in West (…)
Air France to Resume Flights to African Capitals, Morocco Route Pending
11 May 2020
After a long absence in the air, Air France is considering relaunching many intercontinental routes, suspended due to COVID-19. Several connections are now scheduled to African (…)
Dakhla: Morocco’s Rising Kitesurf Destination Draws Record Tourist Numbers
11 May 2020
The seaside resort of Dakhla seduces many European tourists with its wild and untamed character. It reveals Moroccan tourism beyond the borders of the kingdom.
Major Airlines Fail to Deliver on COVID-19 Flight Refund Promises, Consumer Group Finds
11 May 2020
The refund of flights cancelled due to COVID-19, promised by Emirates, EasyJet and Japan Airlines, three of the 57 airlines summoned by UFC-Que Choisir, is struggling to become (…)
Morocco’s Real Estate Sector Faces Uncertainty Amid COVID-19 Crisis
11 May 2020
Severely impacted by the covid-19 crisis, the real estate sector in Morocco is experiencing its hours of uncertainty with the evolution of the pandemic. Faced with the concern (…)
Morocco’s Tourism Outlook Brighter Despite Global Travel Slump, UNWTO Reports
11 May 2020
The World Tourism Organization (UNWTO) announced on Thursday, May 7, that the number of tourists could decline by 60 to 80% in 2020 due to the covid-19 health crisis affecting (…)
S&P Global Ratings Affirms Morocco’s ’BBB-’ Investment Grade Credit Rating
11 May 2020
A few months after Fitch and Moody’s, the rating agency S&P Global Ratings has also confirmed at the "Investment grade" level, the "BBB-" rating of Morocco’s long-term (…)
Contactless Payments Surge in Africa and Middle East Amid Pandemic, Mastercard Reports
11 May 2020
With the spread of the covid-19 pandemic, many consumers in Africa and the Middle East are using contactless payment, citing security and cleanliness, according to a global (…)