Moroccan Olive Oil Consumption Lags Behind Mediterranean Neighbors at 3 Liters Per Capita
7 January 2020
The average annual consumption of olive oil does not exceed 3 liters per capita in the kingdom.
Economy
Moroccan Dirham Weakens Against Euro, Strengthens vs Dollar in Late December
7 January 2020
The Moroccan currency depreciated by 0.82% against the euro and appreciated by 0.51% against the dollar during the period from December 26 to 31, 2019.
Morocco’s ’Blue Pearl’ Chefchaouen Faces Overtourism Challenges as Instagram Fame Soars
6 January 2020
Chefchaouen, the most "instagrammable" city, could be ruined due to overtourism and the attitude of selfie-seekers. At least, that’s what some observers fear.
Boeing 737 MAX Delays Disrupt Royal Air Maroc’s Fleet Expansion Plans
6 January 2020
Boeing’s interruption of the production of its 737 MAX aircraft has put the CEO of Royal Air Maroc in a bind. The national airline was counting on its 4 Boeing 737 MAX aircraft (…)
British Firm Sound Energy Extends Gas Sale Talks with Morocco’s ONEE
6 January 2020
The British exploration and production company Sound Energy has extended negotiations with the National Office of Electricity and Drinking Water (ONEE) for the sale of natural (…)
Morocco’s Economic Growth Slows to 2.1% in Q3 2019, HCP Reports
5 January 2020
Moroccan economic growth experienced a slight slowdown in the 3rd quarter of 2019, now reaching 2.1% compared to 3% a year earlier, according to the High Commission for (…)
Morocco Fuel Prices Stable Despite Rumors of Increase, Industry Official Says
5 January 2020
Faced with rumors of a likely increase in fuel prices, the president of the National Federation of Free Owners, Merchants and Managers of Service Stations in Morocco (FNPCGSS), (…)
Morocco’s Remittances Stagnate as Tourism Revenue Rises, Foreign Investment Drops
4 January 2020
At the end of November, the revenues of Moroccans residing abroad are stagnating with the drop in FDI received. At the same time, tourism revenues are increasing.
Agadir Airport Hits 2 Million Passenger Milestone, Ranks 3rd in Morocco
4 January 2020
Agadir airport reached the two million passenger mark for the first time on Wednesday.
Morocco’s Annual Vehicle Tax Rates Unchanged for 2020
4 January 2020
From January 1 to 31, 2020, motorists will have to pay the annual special tax on motor vehicles (TSAV), known as the sticker. This year, prices remain unchanged for all categories.