Moroccan Dirham Strengthens Against Euro and Dollar in July
18 August 2019
In July 2019, the Moroccan currency appreciated against the two reference currencies, the euro and the dollar. This is according to data published by Bank Al-Maghrib (BAM).
Economy
Morocco Launches Tender for 20-Meter Coastal Research Vessel
17 August 2019
Morocco is about to acquire a coastal scientific research vessel. To this end, the National Institute of Fisheries Research (INRH) has launched a tender for its design and (…)
Maroc Telecom Expands into Chad with Acquisition of Tigo Mobile Operator
17 August 2019
Maroc Telecom has concluded, in N’Djamena, the acquisition of the mobile operator Millicom Chad with its Tigo brand.
Morocco Launches Sheep Skin Collection Campaign in Six Cities, Aims for 70 Million Dirham Revenue
16 August 2019
Six cities in Morocco have been selected to host the campaign to sort the skins from the Eid al-Adha sacrifice. This campaign, in the long run, could generate 70 million dirhams.
Japanese Industrial Giant Yokogawa Expands to Morocco, Boosting Global Presence
15 August 2019
The Japanese group Yokogawa is setting up in Morocco. It is establishing itself after the implantation in the Kingdom of Toyo inc Group, another industrial group from the Land (…)
Spanish Energy Giant Endesa Abandons Renewable Projects in Morocco
15 August 2019
While Morocco was initially considered a natural expansion for the Spanish leader, Endesa is rather backtracking. Indeed, it is renouncing its ambitions in the Kingdom.
Moroccan Dirham Holds Steady Against Euro, Gains on Dollar in Early August
13 August 2019
From August 1 to 7, 2019, the value of the dirham remained almost stable compared to the euro. The Moroccan currency appreciated by 0.44% against the dollar, according to Bank (…)
EasyJet Expands Morocco Routes: New Geneva to Agadir Flight Launching in November
13 August 2019
The British airline, EasyJet, will offer a new flight to Morocco as part of its winter season.
Morocco Tourism Surges 6.6% in First Half of 2019, Boosting Economy
11 August 2019
Tourism experienced a clear 6.6% increase in the first half of 2019 compared to the same period the previous year.
Morocco’s Central Bank Ensures Cash Availability During August Holidays
11 August 2019
Bank Al-Maghrib (BAM) has taken the necessary measures to ensure full coverage of banks’ cash needs, in this month of August, marked by public holidays.