Morocco to Allow Foreign Currency Accounts for Citizens in 2024
7 November 2019
Starting next year, Moroccans will be able to hold foreign currency accounts or convertible dirham accounts with Moroccan banks, according to the Finance Minister.
Economy
Royal Air Maroc Expands Network with New Casablanca-Antalya Route
7 November 2019
The national airline, Royal Air Maroc, will launch new routes for the summer and winter seasons.
IMF Conducts Review of Morocco’s $3 Billion Economic Agreement
7 November 2019
As part of the semi-annual review of the agreement concluded last December with Morocco, under the Precautionary and Liquidity Line (PLL), an IMF (International Monetary Fund) (…)
Swiss Experts Eye Moroccan Cannabis for Medical and Industrial Use
6 November 2019
Deputy Larbi El Mharchi discussed the Authenticity and Modernity Party (PAM) proposal to legalize cannabis, during an intervention on an Arab channel where he announced that (…)
Morocco Rises to Top 5 Global Aerospace Hubs, Sector Set for Rapid Growth
6 November 2019
Great potential for the aerospace sector in Morocco. The sector currently hosts 140 companies, and will have 220 within 11 years.
Morocco’s Trade Deficit Widens 2.6% as Consumer Goods Imports Rise
6 November 2019
Morocco’s trade deficit stood at 154.46 billion dirhams (MMDH) at the end of September 2019, compared to 150.83 MMDH in 2018, an increase of 2.6%, according to the Office of (…)
Morocco’s Real Estate Market Slumps Despite Price Drops
5 November 2019
The decrease in real estate prices, during the first quarter (0.6%) and the first half (0.9%) of this year, compared to the same periods in 2018, has not boosted real estate (…)
Morocco’s Foreign Direct Investment Plunges 32% in First Nine Months of 2019
5 November 2019
While it was 19.62 billion dirhams last year, the flow of foreign direct investment (FDI) in Morocco reached nearly 13.35 billion dirhams (MMDH) by the end of September 2019, (…)
Al Hoceima Conference Calls for Unified Real Estate Code to Protect Land Rights
4 November 2019
The announced upheavals in the real estate sector in Al Hoceima remain a wish of the participants in a conference initiated by the Center for Legal and Social Studies. Indeed, (…)
Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports
4 November 2019
The Moroccan dirham lost 0.20% against the euro and 0.76% against the US currency, in the period from October 24 to 30, according to the weekly indicators released by Bank (…)