Moroccan Dirham Weakens Against Euro and Dollar in March, Bank Reports
26 April 2019
The Moroccan currency depreciated, during the month of March, by 0.42% against the euro and 0.77% against the US dollar, informs Bank Al-Maghrib (BAM).
Economy
Morocco’s Agricultural Fair Spotlights Growing Demand for Organic Farming
25 April 2019
Organic farming was highlighted at the International Agricultural Fair in Morocco (SIAM), by dedicating a special hub to it, in its 14th edition from April 16 to 21 in Meknes.
BMW Secures Ethical Cobalt Supply from Morocco and Australia for Electric Vehicle Batteries
25 April 2019
The German automaker BMW has decided to procure cobalt directly from mines in Morocco and Australia, as part of a campaign to combat child labor and corruption.
Morocco Launches Mobile Service Center for Expatriates in Spain
25 April 2019
The ministry in charge of Moroccans living abroad and migration affairs announced that the various institutions concerned with the affairs of Moroccans living abroad will be (…)
French Retailer Kiabi Expands to 15 Stores Across Morocco, Plans Further Growth
24 April 2019
With the opening of its 6th store in Casablanca, Kiabi, the French ready-to-wear brand, brings the total number of its stores in Morocco to 15.
Moroccan Tax Revenues Surge 11.8% in First Quarter, Boosting Government Finances
24 April 2019
The government can breathe a sigh of relief. Tax revenues collected at the beginning of this year are in the green with a strong increase of more than 11% compared to the same (…)
Canadian Auto Parts Giant Magna Invests $11.3 Million in New Morocco Plant
24 April 2019
Investments in the automotive sector continue in the Kenitra region with the start of construction of the plant of the Canadian group Magna International, which has just put (…)
Morocco Resumes Tax Account Freezes After Temporary Suspension
23 April 2019
It was only a truce, but necessary this time. The suspension of Third Party Notices (ATD) was not permanent, the moratorium has made it possible to better frame the scope of (…)
Study: E-commerce Boom Could Create 3 Million Jobs in Morocco’s Digital Economy
23 April 2019
The digital revolution will have a direct impact on economic opportunities, the job market and social well-being in Africa, according to a study by the Boston Consulting Group (…)
Fuel Prices Surge 5.2% in Morocco Despite Stable Consumer Price Index
23 April 2019
Fuel prices rose by 5.2%, despite the stability of the consumer price index observed between February and March 2019.