Morocco Eases Property Sale Rules for Foreign Heirs, Allowing Phased Fund Transfers
30 August 2019
The law allows foreign heirs of property in Morocco to transfer the proceeds of the sale up to 25% over 4 years.
Economy
Agadir Tourism Booms: Moroccan and French Visitors Lead Record Growth
29 August 2019
Among the visitors of different nationalities who have chosen the city of Agadir, Moroccan tourists are found. They are in first place with 166,560 summer visitors.
Marrakech Airport Sees 30% Surge in Summer Travelers, Ranks 2nd in Morocco
29 August 2019
Marrakech-Menara International Airport experienced a 30.58% increase in traffic in July 2019, according to the National Airports Office (ONDA).
Morocco to Boost Family Allowances for Private Sector Workers Starting September
29 August 2019
The National Social Security Fund (CNSS) is working to implement the increase in family allowances. This decision taken during the social dialogue will take effect on September (…)
Royal Air Maroc Flight Evacuated After Suspected Engine Smoke on Casablanca-Paris Route
28 August 2019
A suspected smoke in one of the engines of the Boeing 737 operating flight AT 750 between Casablanca and Paris-Orly is the reason for the emergency evacuation, says a statement (…)
Maroc Telecom Launches $1 Billion Telecom Infrastructure Investment Plan
28 August 2019
The Moroccan telecommunications operator, Maroc Telecom, is embarking on a colossal investment program for the 2019-2021 period. To this end, the signing of the sixth (…)
Morocco Approves Crowdfunding Law to Boost Business Financing and Prevent Fraud
27 August 2019
The Council of Government has examined and approved draft law No. 15.18 relating to collaborative financing, before its transmission to Parliament at the next session.
Morocco’s Public Debt Rises to 65.3% of GDP, Raising Economic Concerns
27 August 2019
In 2018, public debt increased by 4.4%, reaching 722.7 billion dirhams (MMDH), which represents a ratio to Gross Domestic Product (GDP) of 65.3%.
British Firm SDX Energy to Drill 12 New Gas Wells in Morocco
27 August 2019
12 new gas field wells will be drilled in the 4th quarter of 2019 in Morocco. In charge, the British company specialized in hydrocarbon exploration, SDX Energy.
Moroccan Dirham Strengthens Against Euro and Dollar, Reserves Rise
27 August 2019
For the period from August 15 to 21, 2019, the Moroccan dirham gained 0.07% against the euro, and 0.39% against the US currency, according to the weekly indicators released by (…)