Moroccan Household Debt Soars to 31% of GDP, Driven by Real Estate Loans
17 March 2020
Moroccans’ debt continues to grow every year. Real estate is to blame.
Economy
Morocco Assures Ample Food Supply Despite Surge in Demand
17 March 2020
The unusual flow of certain agricultural food products could not create a shortage on the Moroccan market. In a press release, the Minister of Agriculture and Fisheries (…)
Sardine Prices Plunge in Morocco as Catch Surges, Benefiting Consumers
17 March 2020
The abundance of sardine supply in Safi has caused sardine prices to plummet. Moroccan consumers have reason to be satisfied.
Moroccan Business Leaders Propose Economic Measures to Combat Coronavirus Impact
17 March 2020
The employers’ association is mobilizing in the face of the Coronavirus pandemic. It proposes a battery of measures intended to provide a breath of fresh air to Moroccan (…)
Moroccan Phosphate Giant OCP Reports First Coronavirus Case at Casablanca Site
16 March 2020
The Office Chérifien des Phosphates (OCP) is affected by the coronavirus. A first case has just been recorded.
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Latest Week
16 March 2020
The Moroccan currency depreciated by 0.80% against the euro, and appreciated by 0.82% against the dollar, during the period from March 5 to 11, according to Bank Al-Maghrib (BAM).
Morocco Slashes Fuel Prices as Global Oil Market Plummets Amid Coronavirus Crisis
16 March 2020
Fuel prices at the pump will see a significant drop starting this Monday, March 16, due to the crisis caused by the coronavirus epidemic, and especially due to the sharp drop (…)
Morocco Fuel Stations Allege Unfair Practices by Major Distributors Amid Competition Probe
15 March 2020
The National Federation of Owners, Merchants and Managers of Service Stations in Morocco denounces a pernicious practice by hydrocarbon distributors. This denunciation comes a (…)
Garlic Prices Soar in Morocco as Coronavirus Disrupts Global Supply
15 March 2020
The Coronavirus is driving up the price of garlic in the various markets of Morocco, mainly in Casablanca. This means that the effects of the virus are starting to affect the (…)
Morocco Assures 6-Month Food Supply Amid Coronavirus Concerns
15 March 2020
Morocco is not threatened by a shortage of basic necessities due to the coronavirus. These are the words of Hassan Abyaba, government spokesman, who wanted to reassure the (…)