Morocco’s Real Estate Sector Grinds to Halt Amid COVID-19 Crisis
18 April 2020
The covid-19 crisis has decimated the real estate sector in Morocco. All construction sites are now completely at a standstill.
Economy
Royal Air Maroc Faces Customer Backlash Over Refunds and Communication Amid Flight Suspensions
18 April 2020
Since the suspension of air flights to and/or from abroad as well as the closure of air borders until further notice, some dissatisfied passengers complain of receiving no (…)
Morocco’s State of Emergency Halts Harvest, Threatening Agricultural Losses
17 April 2020
Several owners and drivers of agricultural machinery are blocked for the harvest. They were unable to obtain authorization to travel to the regions where harvesting operations (…)
Morocco’s Central Bank Unveils New SME Loan Refinancing Guidelines Amid COVID-19 Crisis
17 April 2020
Bank Al-Maghrib issued on April 15, 2020, the circular setting the terms of refinancing of loans. This concerns loans granted by banks as part of the support program for the (…)
COVID-19 Devastates Moroccan Economy: Over 130,000 Businesses Close, 800,000 Jobs Lost
17 April 2020
They are 131,955 Moroccan companies, out of a total of 216,000, that are closing their doors due to the adverse effects of the coronavirus pandemic. The information comes from (…)
Mortgage Rates Plummet in Morocco, Sparking Real Estate Investment Hopes
17 April 2020
The real estate credit sector is bearing the brunt of the current crisis, to the delight of solvent customers who find themselves advantaged by the drop in benchmark rates (…)
Morocco Unveils New Economic Support Measures for Businesses Amid Coronavirus Crisis
16 April 2020
The Economic Monitoring Committee (CVE) took a series of additional measures in favor of companies during its fourth working meeting on Tuesday, April 14, 2020.
Morocco Considers Rent Protection Bills Amid Pandemic Economic Strain
16 April 2020
In an effort to prevent the eviction of tenants for non-payment of rent during the state of emergency, the USFP submits two bills. These texts also take into account leases of (…)
Visa Raises Contactless Payment Limit in Morocco to 400 Dirhams
16 April 2020
The ceiling for contactless transactions and without PIN code has been raised from 230 to 400 dirhams. This is what VISA has decided in collaboration with Moroccan banks.
Morocco Extends Tax Filing Deadline, Offers Income Tax Relief Amid COVID-19 Crisis
16 April 2020
Individuals who so desire will be able to file their income tax returns from late April to June 30, 2020. This is the decision of the Economic Monitoring Committee (CVE), which (…)