Economy

The sale of French banks such as Crédit du Maroc and Société Générale Maroc is causing a reorganization of the Moroccan banking sector.
The French banks Crédit Agricole and Société Générale no longer have a subsidiary in Morocco. They have sold their Moroccan subsidiaries to local players. Businessman Moulay Hafid Elalamy, who is also a former minister and founder of the Saham group, has acquired Société générale Maroc and La Marocaine Vie for 745 million euros. Crédit du Maroc has come (…)

In the UK, major clothing brands have turned to suppliers in Morocco, Turkey and Tunisia, leading to the closure of several dozen factories and the loss of a thousand jobs.
The fast fashion brands, which fuel the dependence on cheap clothing, have withdrawn from the market, forcing dozens of factories to close their doors. As a result, the "village of sweatshops" in the UK has become a "ghost town". The rush of major clothing brands to suppliers in Morocco, Turkey and Tunisia is also not (…)

France and Morocco have finally decided to consult each other to put an end to the trade tensions between tomato producers in the two countries. A bilateral agreement has been reached in this regard.
Avoid overlapping the marketing of Moroccan and French cherry tomatoes, especially during the French production season. This is the objective of this bilateral agreement which should be initialed in mid-March, according to the specialized site Réussir. It is also a question of attenuating the (…)

Poland, which holds the Presidency of the Council of Europe, intends to make changes to the compensation paid to Moroccan and other nationality passengers by airlines for flight delays.
The compensation rules, called "EU 261," in force in the event of flight delays or cancellations are likely to be modified. Poland, which has held the Presidency of the Council of Europe since January 1, has launched a process in this direction, as the compensation costs airlines between three and four (…)

The Moroccan dirham depreciated by 0.8% against the euro and appreciated by 1.1% against the US dollar, according to data published by Bank al-Maghrib.
As of February 28, 2025, official reserve assets stood at 367.9 billion dirhams, almost unchanged from the previous week and up 2.3% year-on-year.
During the week of February 27 to March 5, 2025, the volume of Bank Al-Maghrib’s interventions averaged 146.9 billion dirhams per day. It is divided between 7-day advances for an amount of (…)

Companies that have suddenly decided to transfer their activities from the regions of Souss-Massa, Drâa-Tafilalet, the Oriental and Tanger-Tétouan-Al Hoceïma to the Rabat-Casablanca axis are in the sights of the Directorate General of Taxes (DGI).
It all started with the requests for transfer of the registered office filed with the central control services of the Directorate General of Taxes (DGI) by several small and medium-sized enterprises operating mainly in the construction, public (…)

The French airline ASL Airlines has imposed a significant restriction on travelers, especially Moroccans who are very fond of cabas and soft bags.
ASL Airlines now prohibits cabas and soft bags both in the cabin and in the hold on all its flights, even though these bags are very popular with Moroccans. These cabas, often used to transport additional personal effects, will no longer be accepted, the French airline specifies in a press release. This measure aims to improve flight safety and (…)

The National Airports Office (ONDA) and the Ministries of the Interior, Habous and Islamic Affairs, Economy and Finance, Equipment and Water, and Transport and Logistics, are working on the Tanger Ibn Battouta airport extension project, in the perspective of the 2030 football World Cup that Morocco will co-host with Spain and Portugal.
Morocco is mobilizing more than 3.27 billion dirhams for the Tanger Ibn Battouta Airport extension project. Its objectives can be summarized in two points: (…)

While Morocco has stepped up its imports of olive oil to overcome the olive oil crisis, the Moroccan Interprofessional Federation of Olive believes that this is not the ideal solution.
"The current situation indicates that production will be lower than normal, which will directly affect the availability of oil on the markets. The oil currently available comes only from last season’s production, while the stock for this season will be limited, which increases the likelihood of a price (…)

The satellite internet provider Starlink, owned by tech magnate Elon Musk, the world’s richest man and owner of the Tesla giant, and incidentally close to US President Donald Trump who appointed him to head the new US Department of Government Efficiency, will soon be established in Morocco.
The connectivity of the southern regions of the kingdom is about to improve. Negotiations are underway for the deployment of the Starlink network in the Moroccan Sahara. After an initial contact (…)