Deputy Omar Balafrej is concerned about the management of the fund set up to fight the effects of coronavirus in Morocco. On Wednesday, he presented a list of proposals to the government.
The proposals of the FGD deputy are aimed at addressing the negative effects of the Corona virus pandemic on the national economy in the coming weeks and months. He took advantage of the presentation of the details of the fund, made by the Minister of Finance, before the House of Representatives, to list (…)
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12 January 2021, by Kamal -
Moroccan Lawmaker Proposes Economic Relief Plan Amid Coronavirus Crisis
20 March 2020, by Ginette -
Moroccan Artists Auction Works to Support COVID-19 Relief Fund in Tangier
20 July 2020, by GinetteAn art auction was held on Saturday in Tangier. The funds raised will be fully paid into the Special Fund for the management of the new coronavirus pandemic.
About fifty artists participated in this initiative by offering their finest works in order to contribute to the fight against the coronavirus pandemic. The auction was organized by the Mazad and Art auction house, and once again demonstrates the spirit of solidarity, mutual aid and sharing that characterizes the Moroccan people and (…) -
Deadline Looms for Declaring Liquid Assets in Morocco: December 15 Final Date
31 August 2020, by GinetteThis is the second time the authorities have extended the deadline set for the persons concerned to fall into line. This is a provision that has also been published in the official bulletin. Extended for the first time until August 31, due to the state of health emergency, the people concerned have more than three months to comply with this measure introduced in the amended finance law. And only professional income is covered by this regularization, reports challenge.ma.
For those wishing (…) -
Morocco’s King Unveils $12.8 Billion Economic Recovery Plan Amid COVID-19 Crisis
31 July 2020, by PrinceIn order to effectively deal with the effects of the Covid-19 health crisis, King Mohammed VI announced on Wednesday the implementation of a 120 billion dirham support plan for the economy, or 11% of the kingdom’s Gross Domestic Product (GDP).
The king Mohammed VI, in a message to the nation, announced the creation of a strategic investment fund to support economic activity.
The government had indicated a few days ago that the Moroccan economy would contract by 5% this year.
It should (…) -
Moroccan Brothers Arrested for Allegedly Funding Fighters in Syria and Iraq
22 September 2019, by SylvanusThe National Brigade of the Judicial Police (BNPJ, in coordination with the Directorate General of Territorial Surveillance (DGST) (DGST), proceeded, on September 18 in Meknes, to the arrest of two brothers. They would be involved in the illegal transfer of funds to Moroccan fighters on the Syro-Iraqi scene.
The continuous efforts made by the security services in monitoring suspicious funds and drying up the sources of terrorist financing are bearing fruit.
Proof of this, an (…) -
Moroccan Youth Initiative: Fondation de France Launches Projects in Souss-Massa-Draâ
24 June 2019, by KamalA call for projects has been issued by the Fondation de France for non-profit associations and cooperatives operating in the Souss-Massa-Draâ region. This initiative is part of the "Mediterranean, from one shore to the other" Program. Its objective is to implement the integration of young people.
Addressed to active young people, aged 18 to 30, the Program has been designed according to two major components. Firstly, it is a question of taking into account promising employment projects (…) -
Moroccan Diaspora Remittances Drop 3.4% in 2019, Office des Changes Reports
6 July 2019, by Bladi.netA significant drop is observed in 2019 in the remittances of Moroccans residing abroad (MRE). These transfers, which reached 25.86 billion dirhams in the first five months of this current year, could be justified by the return to the country of a significant part of the Moroccan diaspora for the summer holidays, notes a report from the Office des Changes.
According to a semi-annual note from the Office des Changes, reported by Hespress, the transfer of money from MRE to their country of (…) -
Morocco’s Central Bank Prints Over 1 Billion Banknotes in 2018, Report Shows
7 August 2019, by Bladi.netIn its annual report, for the past fiscal year, presented before King Mohammed VI on Monday, August 5, 2019, in Tetouan, it is indicated that Bank Al-Maghrib (BAM) printed over a billion banknotes for the year 2018.
In total, the report presented by the Governor of Bank Al-Maghrib (BAM), Abdellatif Jouahri, indicates that the central bank produced 516 million Moroccan banknotes and 525 million foreign banknotes in 2018.
As for the coins, it is 80.5 million units, while for the (…) -
Technician Jailed for Embezzlement and Theft of Dialysis Machines in Morocco
19 September 2019, by KamalAn electrical technician employed at the Al Fath Hemodialysis Association in Midar, in the Al Hoceima region, was sentenced by the Criminal Chamber in charge of financial crimes at the Fez Court of Appeal to one year in prison with a fine of 10,000 dirhams.
According to the daily Assabah, the individual is being prosecuted in a case of embezzlement of funds and illegal sale of two hemodialysis machines belonging to the Association.
The Court also handed down a similar judgment against a (…)