Morocco
Remittances to Morocco Drop 2.3% Amid Global Pandemic
The transfer of funds from Moroccans living abroad (MRE) has declined by 2.3%. This is justified by the health crisis due to the coronavirus that has impacted several sectors of activity.
Topic
MRE Transfers
Morocco
Moroccan Diaspora Remittances Show Resilience Amid COVID-19 Crisis
Transfers from Moroccans residing abroad (MRE) have seen a 3% drop by the end of July despite the health crisis related to the coronavirus. Here are the reasons.
Morocco
Remittances to Morocco Drop 8% as Travel and Foreign Investment Decline
Transfers from Moroccans Residing Abroad (MREs) fell by 8.1% to 24 billion dirhams at the end of the first half of 2020. They were able to cover 59.4% of the trade deficit, compared to 63.1% a year earlier.
Morocco
COVID-19 Claims 500 Lives Among Moroccan Expatriate Community
The coronavirus has claimed the lives of 500 Moroccans residing abroad (MRE) . This is what Abdellah Boussouf, Secretary General of the Council of the Moroccan Community Abroad, affirms, on the eve of the National Migrant Day celebrated every year since 2003.
Morocco
Morocco Sees 8.1% Drop in Remittances from Expatriates Amid Economic Downturn
The net flow of foreign direct investment (FDI) in Morocco fell by 7.2% and stood at around 8.34 billion dirhams (MMDH) at the end of June 2020, according to the Foreign Exchange Office. This is also the case for remittances from Moroccans living abroad .
Morocco
Moroccan Foreign Investment Surges to 10.9 Billion Dirhams in 2019, Central Bank Reports
The flow of direct investments by Moroccans abroad (IDME) increased in 2019, according to data published by Bank-Al-Maghrib (BAM).
Morocco
Baleària Resumes France-Morocco Ferry Service with COVID-19 Precautions
To meet the demand of citizens of Moroccan origin residing in European countries, Baleària has scheduled eleven trips between the ports of Sète in France and Nador in Morocco.
Morocco
Moroccan Economy Hit as Remittances and Tourism Revenue Plummet Amid Pandemic
Covid-19 has impacted several sectors of activity in Morocco and also affects the transfer of Moroccans living abroad (MRE). It has experienced a sharp decline compared to last year.
Morocco
Moroccan Expats Face Delays as Italy's Genoa Port Tightens Controls for Repatriation
The first ferry loaded with Moroccans residing abroad since the port of Genoa in Italy is overwhelmed, between passenger control and compliance with health measures. The Italian police have set up a patrol unit to ensure public order.
Morocco
Morocco's Economy Hit as Remittances from Abroad Plummet, Impacting National Savings
The reduction in remittances from Moroccans living abroad (MRE) has considerably affected national savings.
Morocco
Morocco to Allow Limited Entry for Citizens and Residents Starting July 14
Despite the cancellation of the Marhaba 2020 operation, an emergency plan is needed to allow the transit of Moroccans residing abroad (MREs), especially from France and Italy, who are waiting for the borders to open in order to reunite with their loved ones.
Morocco
Morocco's Economy Hit Hard: FDI Drops 15.9% Amid Coronavirus Crisis
The most sensitive sectors of the Moroccan economy are experiencing record declines due to the coronavirus epidemic. Foreign direct investment has seen a 15.9% drop by the end of May 2020.