Economy

Morocco’s Consumer Price Index Rises 0.3% in August, Led by Food Costs

24 September 2019

The High Commission for Planning (HCP) announced that the Consumer Price Index (CPI) showed, in August 2019, an increase of 0.3% compared to July. The 0.7% increase in the food (…)

Morocco’s Tourism Industry Reels from Thomas Cook Collapse

24 September 2019

In Morocco, the bankruptcy of the legendary tour operator (TO), Thomas Cook, is not without consequences for the many travel agencies and hoteliers. Proof of this, a crisis (…)

UK Diplomat: Post-Brexit Relations with Morocco Set to Strengthen as Gateway to Africa

24 September 2019

Relations between London and Morocco will be more enriched in the coming years, given its position as the gateway to Africa, according to Lord Peter Ricketts, a long-time (…)

Morocco’s Public Wage Bill Set to Surge in 2020 as Social Security Costs Included

22 September 2019

The wage bill will increase next year due to retirement and social security contributions. These will be incorporated into personnel expenses.

Morocco Sees Surge in Israeli Tourism, Nearly 80,000 Visitors in 2018

22 September 2019

The Kingdom continues to seduce the Israelis. Proof of this, the Israeli tourists visiting Morocco reached nearly 80,000 in 2018, which testifies to a significant increase (…)

Major Natural Gas Discovery in Morocco Could Have Strategic Importance

22 September 2019

Chariot oil & Gas ltd has "potential for a significant and high-value project that could be of strategic importance". This is revealed by a report commissioned by the (…)

Morocco to Build $1.2 Billion Water Complex in Northern Region

22 September 2019

Soon, in the Tanger-Tétouan-Al Hoceima region, the Béni Mansour Hydraulic Complex will be built. This project, presented in April 2016 before King Mohammed VI, is part of the (…)

Morocco Slashes Wheat Import Tariffs to Stabilize Domestic Market

21 September 2019

A draft decree has been taken by the Council of Government and aims to lower the import duty on soft wheat and its derivatives.

Morocco to Raise Soda Tax in 2020 as Part of Health Initiative

21 September 2019

The Domestic Consumption Tax (TIC) on sodas and sweetened beverages will increase as of January 2020, but this will not be the case for VAT.

Morocco Invests 825 Million Dirhams to Boost Drinking Water Access in Northern Region

21 September 2019

A multilateral convention project involving an envelope of 825 million dirhams for the supply of drinking water in northern Morocco takes into account 413 douars in the (…)