Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports
30 March 2020
The dirham depreciated by 0.58% against the euro and 2.06% against the dollar, during the period from March 19 to 25, according to Bank Al-Maghrib (BAM).
Economy
Maroc Telecom Assures Service Continuity Amid COVID-19 Traffic Surge
29 March 2020
Maroc Telecom has reassured its customers about the continuity of its services and the quality of its facilities, which can support the increase in Internet traffic during this (…)
PSA Group Prepares for Gradual Reopening of Moroccan Plant Amid COVID-19 Measures
29 March 2020
Faced with the COVID-19 pandemic, the PSA group has implemented reinforced health measures in order to create the conditions for a secure and gradual resumption of activities. (…)
COVID-19 Pushes Morocco’s Print Media to the Brink as Government Suspends Publication
29 March 2020
The print media is being hit hard by the COVID-19 pandemic. The reason is the decision of the Ministry of Culture to suspend the publication and distribution of print media.
Royal Air Maroc Pilots Protest Salary Cuts Amid Aviation Crisis
28 March 2020
The decision of Royal Air Maroc (RAM) to make deductions from the net monthly salary of its workers is causing waves. The Moroccan Association of Airline Pilots (AMPL) is (…)
Morocco Extends Tax Deadlines for Businesses Impacted by Coronavirus
28 March 2020
The Directorate General of Taxes (DGI) has granted companies with a turnover of 20 million dirhams (MDH) or more, the staggering or postponement of tax payment, due to the (…)
Morocco Approves Sound Energy’s Gas Pipeline Project in Eastern Region
28 March 2020
The Ministry of Energy has approved the environmental impact study (EIS) of Sound Energy’s Tendrara gas export pipeline project (TGEP), thus giving the British company the (…)
Morocco Offers $200 Monthly Aid to Workers Furloughed Due to COVID-19
28 March 2020
Employees declared to the CNSS, on temporary work stoppage due to coronavirus, will receive an allowance of 2,000 DH. This measure was taken and announced by the economic (…)
EU Pledges 450 Million Euros to Morocco’s COVID-19 Response Fund
28 March 2020
The European Union contributed 450 million euros to the Special Covid-19 Fund, created on the instructions of King Mohammed VI, this Friday.
Morocco’s Economy Resilient Despite COVID-19 Impact, Fitch Ratings Reports
28 March 2020
The coronavirus already has consequences on the global economy in general and on the Moroccan economy in particular. But the latest report from the American rating agency Fitch (…)