Morocco Tightens Rules on Foreign Currency Accounts for Residents
14 February 2020
Foreign currency accounts, authorized for residents and persons who have subscribed to the exchange regulation amnesty, can only be fed by resources from abroad.
Economy
Flixbus Expands to Morocco, Offering Budget Bus Routes to France from 9 Cities
14 February 2020
For the first time, the German company [Flixbus] is coming to Morocco and offering bus trips to France, from 9 Moroccan cities, at affordable prices.
Morocco to Impose Fines on Late Payments in Business Crackdown
14 February 2020
The state wants to crack down on late payments, through the introduction of fines.
Morocco Struggles with $1.8 Billion Trade Deficit from Turkey Agreement
13 February 2020
The Free Trade Agreement (FTA) between Morocco and Turkey was at the heart of the oral question session addressed to the Minister of Commerce by several parliamentary groups. (…)
Turkish Retailer BIM Defends Moroccan Operations Amid Government Criticism
13 February 2020
While the Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy, accuses it of causing the closure of dozens of local stores due to its commercial (…)
Morocco Launches Online Tax Payment System for Vehicle Dealers
13 February 2020
The Directorate General of Taxes (DGI) has just announced the launch of a new online service, allowing vehicle dealers to pay the fixed fees of 300 DH online.
Spanish Bus Maker Irizar Secures Major Contract for 200 Buses in Casablanca
13 February 2020
The year 2020 is off to a flying start for the Irizar Group, which has just won the tender for the largest bus market for its plant in Morocco. The Spanish bodybuilder is the (…)
Morocco’s Nador Airport Sees 8.7% Passenger Growth, Hits Record 772,000 in 2019
13 February 2020
Nador-Al Aroui airport recorded 772,371 passengers in 2019, compared to 710,715 the previous year, an increase of 8.68%.
Morocco’s Wholesale Markets Generate $35 Million Annually, Employ Thousands
12 February 2020
The National Union of Associations of Wholesale Fruit and Vegetable Markets in Morocco indicated, in Tetouan, that this type of market generates more than 350 million dirhams (…)
Survey: Moroccan Business Leaders Optimistic About Economic Outlook
12 February 2020
Moroccan business leaders are showing optimism about the economic outlook for the next twelve months. This is revealed by a survey by the consulting firm Oxford Business Group.