Morocco Extends Deadline for Free Trade Agreement Talks with Turkey
1 February 2020
At Turkey’s request, the negotiations leading to the revision of the Free Trade Agreement with Morocco have been postponed by one week.
Economy
Alsa Orders 500 Mercedes-Benz Buses for Casablanca Public Transport Amid Controversy
1 February 2020
The delegatee Alsa has placed an order for 500 urban buses with Daimler for the next fifteen years, in order to ensure the transport of the inhabitants of Casablanca. But (…)
Morocco Refunds 10 Billion Dirhams in VAT as Budget Deficit Widens
1 February 2020
In Morocco, nearly 10 billion DH of VAT were refunded in 2019. Meanwhile, the budget deficit continues to widen.
Morocco’s Cash Circulation Surges by 17 Billion Dirhams in 2019, Bank Al-Maghrib Reports
1 February 2020
During the year 2019, the banking system recorded more cash outflows. According to the latest monetary statistics from Bank Al-Maghrib, 17 billion dirhams have swelled the (…)
Morocco’s National Ports Agency Unveils 2020 Action Plan, Focusing on Major Projects and Digitization
31 January 2020
The Board of Directors of the National Ports Agency (ANP), held its recent meeting in Rabat. This session, chaired by the Chairman of the Board of Directors, Abdelkader Amara, (…)
Morocco Tightens Tax Oversight with Enhanced Business ID System
31 January 2020
The tax authorities are strengthening the Common Business Identifier (ICE) system. The objective is to cross-check the turnover figures of taxpayers, in order to avoid (…)
Vueling Expands Routes: New Flights Connect Gran Canaria to Marrakech
31 January 2020
The airline Vueling will launch next spring two new routes, including one connecting Gran Canaria to Marrakech.
Morocco’s Economy Set to Grow 3.9% by 2021, AfDB Report Forecasts
31 January 2020
Morocco’s real GDP growth is expected to reach 3.7% in 2020 and 3.9% from 2021.
Morocco Implements New Regulations for Collective Land Management
30 January 2020
The new regulations on the exploitation and management of collective lands are now in force. This follows the adoption of the implementing decree of Law 62-17.
Morocco’s Banks to Offer Sub-2% Loans Following Royal Directive
30 January 2020
As part of the integrated program to support and finance businesses, a reduced interest rate will be applied by the banking sector, according to the joint press release from (…)