Casablanca Faces Financial Crunch as City Struggles with Debt and Low Revenue
2 March 2020
The municipality of Casablanca is going through an unprecedented financial crisis, due to persistently low revenues and the weight of administrative expenses.
Economy
Morocco Sets March 2 Deadline for Online Rental Income Declaration
1 March 2020
The final deadline to complete the online declaration requirement is set for Monday, March 2, 2020, according to the tax authorities.
Fuel Prices Drop in Morocco as Coronavirus Impacts Global Oil Market
1 March 2020
The consequences of Covid-19 are not all disastrous. At least, as far as the oil sector is concerned, where prices have fallen. For the past few days, unleaded gasoline and (…)
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Latest Week
1 March 2020
The dirham depreciated by 0.15% against the euro and appreciated by 0.67% against the dollar, during the period from February 20 to 26, according to Bank Al-Maghrib (BAM).
Huawei Expands Market Presence in Morocco Despite Global Challenges
1 March 2020
The desire to occupy the Moroccan commercial space is growing more and more with the terminal manufacturer Huawei. The Chinese firm, which intends to further mark its presence, (…)
Architects Embrace Tax Amnesty Deal as DGI Expands Professional Outreach
29 February 2020
The Directorate General of Taxes (DGI) has signed an agreement with the Order of Architects. In total, 1,400 professionals out of 3,500 have joined the tax amnesty.
Morocco’s Economic Woes Deepen as 9,000 Companies Face Bankruptcy in 2023
29 February 2020
The number of bankrupt companies in Morocco remains worrying, despite a slight slowdown. In total, 9,000 companies are expected to close down.
Morocco’s Services Sector Leads Employment, Accounting for 45% of Jobs
29 February 2020
The number of people employed in the services sector reached 4,927,000 in 2019, or 44.9%. This is information provided by the High Commission for Planning (HCP) for whom (…)
Morocco’s Tourism Sector Drives 7% of GDP, Minister Highlights Economic Impact
29 February 2020
Economic growth in Morocco can still rely on tourism, which contributes 7% to the gross domestic product (GDP). The Minister of Tourism, Handicrafts, Air Transport and Social (…)
Morocco’s PM Links Real Estate Challenges to Colonial Legacy, Unveils New National Strategy
29 February 2020
The Head of Government, Saâdeddine El Otmani, made a rather surprising statement on real estate issues, when presenting the report of the study on the national strategy for the (…)