The Ministry of the Interior led by Abdelouafi Laftit is waging a fight against tax evasion in the real estate sector. In its sights, real estate developers who do not pay the tax on unbuilt land (TNB) and some commune presidents who cover up certain infractions.
Many Moroccans find themselves stuck in Lebanon where the conflict between Israel and the Lebanese Hezbollah is intensifying and are unable to buy plane tickets that have become too expensive to return to Morocco. Fearing for their lives, they are calling on King Mohammed VI and the Moroccan embassy in Beirut.
The city of Casablanca plans to auction off its real estate, including villas whose monthly rent is too low and do not generate significant resources for the municipality.
Bank Al-Maghrib has just put the brakes on the fees generated by card payments. The Moroccan central bank has decided to cap at 0.65% the commission charged on each transaction made with a bank card issued in Morocco.
The Moroccan dirham appreciated by 0.26% against the euro and 0.85% against the US dollar during the week of September 19 to 25, according to Bank Al-Maghrib (BAM).
Struck by devastating floods, the province of Tata is recovering from the rubble. Local authorities are working to rebuild the destroyed houses.
The United Kingdom has placed several countries including Morocco, Algeria, Tunisia, Egypt, Israel, the United Arab Emirates and Saudi Arabia on the list of destinations that its nationals should avoid due to the risk of escalation of the conflict between the Hebrew state and the Lebanese Hezbollah.
The Al Mada group, belonging to the Moroccan royal family, has announced the acquisition of Nutkao, the Italian food company specializing in the production of cocoa, milk and hazelnut spreads, a direct competitor of Ferrero and its Nutella.
Marrakech is the most sought-after destination by the French for autumn trips and the All Saints’ school holidays (October 19 to November 3), according to the ranking of a flight search engine.
An earthquake shook certain areas of the Béni Mellal-Khénifra region, more precisely in Béni Oukil, between the towns of Fquih Ben Salah and Khouribga, on Saturday. Nasser Jabbour, director of the National Institute of Geophysics (INGP), in charge of seismic monitoring in Morocco, claims that this earthquake is caused by the extraction of phosphates.
Algeria has reintroduced the visa for "all foreigners holding a Moroccan passport" on the grounds that Morocco deploys "Zionist intelligence agents [...] to freely access the national territory" and carry out "various actions undermining the stability of Algeria and its national security". Justifications deemed absurd by an expert in international relations.
Morocco has refused to receive 102 containers of waste deemed toxic from the port of Dürres, Albania. Other countries have followed suit.