Car Rental Prices Surge as Industry Rebounds from Pandemic Slump
27 August 2021
Car rental operators refute the accusations that car rental prices have skyrocketed this summer. It is simply a return to normal, they say.
Revenue
Moroccan Cinema Industry Faces Crisis as COVID-19 Restrictions Slash Revenue by 90%
12 August 2021
The tightening of restrictive measures, particularly the curfew from 9 p.m., is a blow to cinema operators. Box office revenue would have fallen by 90% compared to normal. With (…)
Bernard Arnault Surpasses Jeff Bezos as World’s Richest Person, Fortune Eclipses Morocco’s GDP
6 August 2021
With an estimated fortune of $192.9 billion, French businessman Bernard Arnault has become the world’s largest fortune, dethroning Amazon CEO Jeff Bezos and far exceeding (…)
Morocco Braces for Economic Fallout as New COVID-19 Restrictions Take Effect
5 August 2021
Soaring unemployment, a new wave of bankruptcies on the horizon... the new restrictive measures taken by Morocco to deal with the resurgence of coronavirus cases will have (…)
Morocco’s Aerospace Sector Faces Headwinds Despite Recovery Efforts
5 August 2021
The health crisis related to the Covid-19 epidemic has put the entire aerospace sector to the test, with orders in the doldrums. However, various means are being deployed by (…)
Morocco’s Automotive Exports Surge 61% in First Half of 2021, Outpacing Import Growth
30 July 2021
Automotive exports stood at 152.88 million dirhams (MDH) in the first six months of 2021, up 61.1% compared to the end of June 2020. At the same time, imports are also up 19.5%.
Fez Airport Sees 35% Drop in Passenger Traffic Amid Pandemic Recovery
22 July 2021
Passenger traffic at Fès-Saiss airport recorded a 35.47% drop in the first half of 2021, compared to the same period in 2019.
Renault Group Sales Surge in Morocco, Ranking 9th Globally in First Half 2021
20 July 2021
Morocco remains a vast commercial and strategic base for the Renault Group. In the first half of 2021, the Kingdom ranks, for the first time, in the Top 10 of the Renault (…)
Eid Al-Adha Livestock Sales to Boost Rural Economy with $1.2 Billion Windfall
17 July 2021
Eid Al-Adha represents an important source of income for the rural population. A turnover estimated at 12 billion dirhams.
Morocco Plans Major Public Financial Hub to Boost Economic Growth
16 July 2021
A grouping of Crédit Agricole Maroc, CIH Bank, Al Barid Bank and CDG Capital within the same holding company is in preparation. The objective: to harmonize and target the (…)