Economy

Moroccan Phosphate Giant OCP Expands into Eastern Europe with Romanian Venture

22 January 2020

The Office Chérifien des Phosphates (OCP) has just obtained the approval of the Head of Government for the creation of a company in Romania, in cooperation with an Emirati (…)

Tanger Med Port Sees Record Growth: Container Traffic Surges 38%, Vehicle Exports Rise

21 January 2020

The port of Tanger Med recorded good performance last year. In total, 4,801,713 Twenty-foot Equivalent Units (TEUs) were handled, an exceptional increase of 38% compared to 2018.

Moroccan Households Express Growing Pessimism Over Economy and Living Standards, Survey Finds

21 January 2020

A survey, published this Monday, January 20 by the High Commission for Planning (HCP), shows a flagrant pessimism of Moroccan households in 2019, in the face of unemployment, (…)

Forbes Ranks Two Moroccan Billionaires Among Africa’s Top 20 Wealthiest

21 January 2020

Two Moroccans are among the top 20 in the ranking of African billionaires, published by the famous American business magazine, Forbes.

Shell Subsidiary Vivo Energy Under Investigation by Moroccan Competition Council

20 January 2020

The company Vivo Energy Maroc, specialized in the marketing of Shell products, is the subject of an investigation. The Competition Council is behind this.

Luxury Hotel Boom Transforms Tangier and Casablanca Tourism

20 January 2020

The cities of Tangier and Casablanca have huge assets to revolutionize luxury tourism. Not to mention the prospects.

Moroccan Dirham Strengthens Against Euro and Dollar, Central Bank Reports

20 January 2020

According to the indicators published by Bank Al-Maghrib, the dirham appreciated by 0.19% against the euro and 0.39% against the dollar during the period from January 9 to 15.

World Bank Lends $100 Million for Casablanca Tramway Expansion Project

20 January 2020

The Casablanca-Settat region will sign, on Thursday, January 23, a loan agreement of 100 million dollars with the International Finance Corporation (IFC), a subsidiary of the (…)

Fuel Prices in Morocco See Minor Shifts: Diesel Down, Gasoline Up

19 January 2020

Some small changes have occurred this Thursday, at the service stations, concerning the price of fuels at the pump.

Cost of Living Report: Morocco Ranks Most Expensive in North Africa

19 January 2020

Morocco is ranked among the most expensive countries in North Africa, according to a report by Numbeo, the world’s largest collaborative online database.