Cash Dominates Moroccan Payments: 80% of Card Transactions Used for ATM Withdrawals
26 January 2020
A significant number of Moroccans have remained attached to the practice of cash when they wish to make their purchases.
Economy
Health Ministry Corruption Scandal Exposed in Morocco Over Defective Medical Equipment
26 January 2020
The Ministry of Health is shaken by a major corruption case involving defective equipment, acquired at exorbitant prices. The fraud file was revealed following a denunciation (…)
Moroccan Business Leader Chakib Alj Elected CGEM President, Pledges Economic Reform
26 January 2020
On January 22 in Casablanca, the Elective General Assembly of the General Confederation of Enterprises of Morocco (CGEM) was held. In the end, the entrepreneur and (…)
SDX Energy Discovers Commercially Viable Gas in Morocco’s Gharb Basin
26 January 2020
SDX Energy, the gas explorer that operates natural gas fields in the Gharb basin, has drilled 7 wells as part of the 12-well drilling campaign launched in 2019.
Morocco Sees 5% Rise in Business Bankruptcies, Economic Challenges Persist
23 January 2020
Business failures increased in 2019, with 8,439 bankruptcies, an increase of 5%. Euler Hermès is pessimistic for 2020.
Meknes Tourism Boost: Two New Hotels to Add Over 1,000 Beds in $19 Million Investment
22 January 2020
Two new tourist units, with a total investment of 193.1 million dirhams, are under construction in Meknes. This will strengthen the attractiveness of the destination.
Morocco Slashes Prices on 126 Medicines, Including Generics and Biosimilars
22 January 2020
A new decision on the price reduction of more than a hundred medicines, taken jointly by the Ministry of Health and pharmaceutical operators, has just been published in the (…)
Huawei Eyes Morocco as 5G Launch Pad for African Expansion
22 January 2020
The Chinese company Huawei intends to launch 5G in Morocco. In this regard, it has expressed its willingness to work with its partners in the telecommunications field.
Tangier Taxi Fares to Surge 40% Starting January 23
22 January 2020
Taxi fares will increase by 40% in the very near future in Tangier.
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 (…)