As an integral part of the Hanover-based Continental AG company, the German group ContiTech, a specialist in automotive air conditioning (HVAC) systems, has decided to liquidate its subsidiary created in 2014 in Morocco.
Morocco ranks 11th globally as a customer of the Renault Group and the leading customer in the Africa/Middle East region, where the French automaker’s sales recorded a 14.1% increase compared to the same period in 2022.
Announced at the beginning of the year to be effective in the first quarter, Bank Al-Maghrib’s decision to implement an instant bank transfer system will be operational in May. It offers several advantages such as the speed of transactions.
The Moroccan journalism is in mourning with the loss of Brahim Salaki, an iconic figure of national television. At the age of 64, he lost his long battle against illness and passed away this Sunday, April 23, 2023.
A few weeks before the celebration of Eid Al-Adha, the government is mobilizing to meet the needs of the population. In total, one million head will soon be imported.
In the United States, a clean energy and climate bill approved by the Senate provides for a tax credit of up to $7,500 for the purchase of an electric vehicle made in the United States. This measure will make lithium produced in Morocco, Israel, Jordan and many other countries more competitive.
Moroccans residing abroad (MREs) contribute little to the development of Morocco. Yet their skills are necessary to meet the economic and sociocultural challenges of the kingdom.
The standard of living of Moroccan households has dropped considerably in 2022, according to a survey by the High Commission for Planning (HCP) which places the consumer confidence index at its lowest level since 2008.
After the end of Covid-19 restrictions, but also inflation, the French are eager to travel this summer. Morocco is one of their preferred destinations.
The situation of Moroccan nationals stranded in Sudan, a country plagued by clashes between the military and paramilitaries, is a concern for Morocco. The Ministry of Foreign Affairs, Cooperation and Moroccans Residing Abroad is considering their repatriation.
The Moroccan currency remained almost stable against the euro and appreciated by 0.14% against the US dollar, during the period from April 13 to 19. This is specified by the indicators published by Bank Al-Maghrib (BAM) .
Morocco will experience a new heat wave from Tuesday, April 25 to Friday, April 28, warns the Directorate General of Meteorology (DGM).