Moroccan Dirham Gains Against Dollar, Holds Steady vs Euro: Bank Al-Maghrib Report
13 October 2019
The dirham rose 0.39% against the dollar and stabilized against the euro during the period from October 3 to 9, according to Bank Al-Maghrib (BAM).
Economy
Royal Air Maroc Refutes Reports of Boeing 737 MAX Order Cancellation
13 October 2019
Following the publication by Reuters suggesting the cancellation of the order for two Boeing 737 MAX aircraft, Royal Air Maroc has provided a formal denial.
Morocco’s Airports See 12% Surge in Passenger Traffic, Casablanca Hub Leads Growth
13 October 2019
During the first eight months of 2019, nearly 16.7 million travelers transited through the various Moroccan airports, compared to 14.85 million travelers in the same period (…)
Artcurial Expands to Morocco: French Auction House Opens Marrakech Branch for African and Orientalist Art
13 October 2019
The first French auction house, Artcurial, announced on Wednesday the opening of a subsidiary in Morocco. It will be exclusively dedicated to the sale of Orientalist paintings (…)
Morocco Aims to Boost Railway Network, Targeting Top 20 Global Ranking by 2020
12 October 2019
To join the club of the 20 largest rail networks in the world by 2020. This is Morocco’s ambition.
Morocco’s Air Travel Boom: Airbus Forecasts Need for 260 New Aircraft by 2038
12 October 2019
Morocco would need at least 260 new aircraft by 2038 to cope with the growth of travelers in its airports. This is what the Director of Marketing for Airbus Africa and the (…)
Morocco Sees Sharp Drop in Foreign Direct Investment Amid Rising Outbound Investments
12 October 2019
The flow of Moroccan Direct Investments Abroad (IDME) recorded a strong increase, going from 2.89 billion dirhams in 2018 to 5.93 billion dirhams in 2019.
Rabat’s Billion-Dollar Makeover: Ambitious Projects Face Maintenance Challenges
12 October 2019
While the "Rabat, city of light" program has helped transform the urban landscape of the capital of the Kingdom through the realization of dozens of infrastructure and local (…)
Royal Air Maroc Cancels Order for Two Boeing 737 MAX Aircraft Amid Safety Concerns
12 October 2019
Royal Air Maroc has abandoned the acquisition of two additional new Boeing 737 MAX aircraft.
Hassan II Mosque Launches Energy Efficiency Project to Cut Costs and Emissions
12 October 2019
The energy efficiency project is now at the heart of the priorities of the Hassan II Mosque Foundation in Casablanca.