Moroccan Dirham Strengthens Against Euro, Central Bank Reports
11 May 2019
A good month for the Moroccan currency, which has gained value against the European currency, according to figures just released by the central bank.
Economy
Morocco Faces Onion Price Surge; Agriculture Ministry Promises Relief
10 May 2019
Faced with the rise in onion prices, the Ministry of Agriculture has provided explanations in an attempt to reassure consumers. The main points to remember are that the (…)
Morocco Set to Become Third-Largest Producer of Medical Isotope in Africa
10 May 2019
Morocco will take the 3rd position at the African level in the production of iodine 131, after South Africa and Egypt. A radioactive material that will be used in medical (…)
Peugeot to Open €557 Million Auto Plant in Morocco, Boosting Local Manufacturing
10 May 2019
The plant of the French automaker PSA Peugeot-Citroën will be inaugurated in the very near future in Kenitra. Investment amount: 557 million euros.
Siemens Wind Turbine Plant in Tangier Boosts Record €23.6 Billion Order Book
9 May 2019
Since 2017, the Siemens Gamesa group has had a factory in Tangier for the manufacture of wind turbine blades, "100% made in Morocco". The group now has a record order book of (…)
Morocco Emerges as Top Importer of Chinese Tea, Consuming 25% of China’s Exports
9 May 2019
The South China Morning Post (SCMP) website has provided details on the consumption of Chinese tea by Moroccans. Thus, the Kingdom imported some 77,562 tons last year, nearly a (…)
Morocco’s Unemployment Rate Drops 4.8% in Q1 2019, Urban Areas See Biggest Gains
8 May 2019
The unemployment rate in Morocco has shown a clear regression of 4.8% in the first quarter of 2019. The number of unemployed at the national level has stabilized at 1,211,000, (…)
Moroccan Railway Offers Free Ramadan Night Returns on High-Speed Al Boraq Line
7 May 2019
On the occasion of the month of Ramadan, ONCF offers its customers on the Al Boraq line free return tickets after breaking the fast, for any same-day purchase of a one-way ticket.
Valeo Expands Moroccan Auto Industry with $140 Million Tangier Plant, Creating 1,000 Jobs
6 May 2019
Valeo has just inaugurated a new industrial site in Tanger Automotive City. With a total investment of 130 million Euros, through this significant investment, Valeo, which (…)
Chinese Tourist Arrivals in Morocco Plummet 40% in Early 2019
5 May 2019
It seems that neither the Ministry of Tourism nor the operators in the sector have any explanation to give in the face of this lean period. The poor performance of Chinese (…)