Morocco Tightens Anti-Money Laundering Laws to Meet Global Standards
27 November 2019
Morocco is working to strengthen its legal arsenal against money laundering and the financing of terrorism. In this sense, a new system will be put in place.
Economy
Royal Air Maroc Wins Top African Airline Awards for Operations and Financial Performance
27 November 2019
Royal Air Maroc (RAM) has won two awards as the best airline in the "Global Operations" and "Best Improved Financial Results" categories. This took place on the occasion of the (…)
Moroccan Real Estate Scam: 800 Buyers Defrauded in Bab Darna Case
27 November 2019
After being held in pre-trial detention, the president of the real estate company Bab Darna will be transferred to the Oukacha prison. Mohamed Wardi is accused of having (…)
EBRD Approves €45 Million Loan for Morocco’s 800 MW Noor Midelt Solar Project
27 November 2019
The European Bank for Reconstruction and Development (EBRD) has approved a loan of 45 million euros for the Noor Midelt I project (800 MW), which requires a total investment of (…)
Chinese Auto Parts Giant Citic Dicastal Expands in Morocco, Creating 1,200 New Jobs
27 November 2019
And two for Citic Dicastal in Kenitra. The Chinese group proceeded on Monday, November 25, 2019 to the inauguration of the second phase of the Dicastal Morocco Africa project, (…)
Moody’s Assigns ’Ba1 Stable’ Rating to Morocco’s Upcoming Euro Bond Issue
26 November 2019
"Ba1 stable", this is the rating that the rating agency Moody’s assigned on Wednesday, November 20, to Morocco’s international euro-denominated borrowing. This borrowing will (…)
Morocco to Raise Prices on Essential Goods, Prime Minister Announces
26 November 2019
The prices of basic necessities such as butane gas, flour, sugar and oil will increase. At least this is what the head of government Saâdeddine El Othmani announced last (…)
Moroccan Dirham Stable Against Euro, Gains on Dollar as Reserves Reach 230.2 Billion
26 November 2019
The value of the dirham remained almost stable against the euro and appreciated by 0.47% against the dollar during the period from November 14 to 20, according to Bank (…)
Morocco Struggles to Attract Russian Tourists Amid High Prices and Service Issues
26 November 2019
The weakness of services and the lack of low-cost flights are among the factors that do not encourage Russian tourism in Morocco. The statement by the President of the Russian (…)
Marrakech Tourism Booms: Hotels Near Full Capacity for Winter Season
26 November 2019
The winter season looks promising for tourism in Marrakech. While the ochre city has reached an excellent level of hotel bookings, other cities are struggling to keep up with (…)