Morocco Rises to Top 5 Global Aerospace Hubs, Sector Set for Rapid Growth
6 November 2019
Great potential for the aerospace sector in Morocco. The sector currently hosts 140 companies, and will have 220 within 11 years.
Economy
Morocco’s Trade Deficit Widens 2.6% as Consumer Goods Imports Rise
6 November 2019
Morocco’s trade deficit stood at 154.46 billion dirhams (MMDH) at the end of September 2019, compared to 150.83 MMDH in 2018, an increase of 2.6%, according to the Office of (…)
Morocco’s Real Estate Market Slumps Despite Price Drops
5 November 2019
The decrease in real estate prices, during the first quarter (0.6%) and the first half (0.9%) of this year, compared to the same periods in 2018, has not boosted real estate (…)
Morocco’s Foreign Direct Investment Plunges 32% in First Nine Months of 2019
5 November 2019
While it was 19.62 billion dirhams last year, the flow of foreign direct investment (FDI) in Morocco reached nearly 13.35 billion dirhams (MMDH) by the end of September 2019, (…)
Al Hoceima Conference Calls for Unified Real Estate Code to Protect Land Rights
4 November 2019
The announced upheavals in the real estate sector in Al Hoceima remain a wish of the participants in a conference initiated by the Center for Legal and Social Studies. Indeed, (…)
Moroccan Dirham Weakens Against Euro and Dollar, Central Bank Reports
4 November 2019
The Moroccan dirham lost 0.20% against the euro and 0.76% against the US currency, in the period from October 24 to 30, according to the weekly indicators released by Bank (…)
Morocco’s Annual Saffron Production Reaches 6.5 Tons, Festival Highlights
4 November 2019
Morocco produces around 6.5 tons of saffron each year. The data was revealed during the International Saffron Festival held this weekend in Taliouine (Taroudant province).
British Firm Sound Energy to Supply Natural Gas to Morocco’s ONEE
3 November 2019
The British firm, Sound Energy PLC, announced the signing of a memorandum of understanding for the sale to the National Office of Electricity and Drinking Water (ONEE) of (…)
Moroccan Banks Face Scrutiny Over Opaque Account Closure Practices
3 November 2019
The main source of dispute between banks and their customers, account closure is motivated by several reasons, including disagreements, misunderstandings and sometimes a very (…)
Morocco Faces Financial Strain as Court-Ordered Seizures of State Property Rise
3 November 2019
The Minister of Economy, Finance and Public Administration Reform, Mohamed Benchaâboun, is concerned about the increase in seizures of state property. For him, this remains a (…)