Iconic Casablanca Sheraton to Undergo $50 Million Renovation
3 March 2020
A major renovation project is in the works for the 4-star hotel, the Sheraton Casablanca, for a total amount of $160,000 per room.
Economy
Drought Threatens Morocco’s Agriculture and Economic Growth Forecast
3 March 2020
Abnormally high temperatures across Morocco and the lack of precipitation portend another dry season that could affect agricultural production and consequently the economic (…)
Royal Air Maroc Extends Suspension of Casablanca-Beijing Flights Amid Coronavirus Concerns
3 March 2020
Faced with the coronavirus epidemic, which is spreading in China, but also around the world, Royal Air Maroc (RAM) has maintained the suspension of Casablanca-Beijing flights.
Moroccan Travel Industry Reels as Coronavirus Halts Islamic Pilgrimages
3 March 2020
An unprecedented financial crisis threatens the entire Moroccan tourism sector, particularly that of organized travel to the holy sites of Islam due to the Coronavirus pandemic.
Morocco’s Vehicle Fleet More Than Doubles in 16 Years, Surpassing 4.3 Million
3 March 2020
The vehicle fleet has seen a marked increase between 2002 and 2018, going from 1.81 million vehicles to more than 4.3 million, all categories combined, more than double.
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.
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, (…)