Morocco
Moroccan Retailers Call for Rent Suspension Amid COVID-19 Crisis
More than 86 Moroccan retailers, gathered in a collective called the "Grouping of Moroccan Retailers", have just made an official request to suspend their rents.
Topic
Revenue
Morocco
Moroccan Phosphate Giant OCP Maintains Global Market Dominance Amid Crisis
The Office Chérifien des Phosphates (OCP), has not been disrupted by the health crisis shaking the planet. The group, which holds a third of the world market, remains the leader.
Morocco
Offshoring Industry Faces Sharp Decline as COVID-19 Disrupts Global Operations
The covid-19 crisis has spared no sector. Offshoring is suffering the consequences of the spread of the pandemic. A drop in turnover is announced for April 2020.
Morocco
Moroccan Motorway Company Reports 5.3% Revenue Increase to 3.1 Billion Dirhams
The Moroccan Motorway Company (ADM) saw its net tax revenue increase by 5.3% to reach 3.1 billion dirhams.
Morocco
Inwi Money Gains 140,000 Users, Processes 7 Million Dirhams in 4 Months
Inwi money, the first and only mobile money subsidiary of Telecom Inwi, has recorded a total of 140,000 customers and 7 million dirhams in transactions, after 4 months of activity.
Spain
Ceuta Border Reopens: Cross-Border Trade Resumes After Weeks-Long Closure
Closed a few weeks ago due to incidents, the Ceuta border has regained the normal course of its cross-border traffic since Monday, October 28, 2019, according to the authorities of the city.
Morocco
Morocco's Exports Surge 10.6%, Boosting Global Market Share and Product Diversity
Moroccan exports recorded a 10.6% increase last year, compared to 10.3% in 2017, which indicates an average annual increase of 4.3% over the 2008-2014 period. This performance, noted in the Economic and Financial Report, has improved Morocco’s share in the global market.
Morocco
Amazon Invests $10 Million to Expand Operations in Morocco
Some 100 million dirhams are being injected by Amazon, the world’s largest listed company, into its Moroccan subsidiary, Amazon Support Services.
Morocco
Morocco's Car Rental Industry Slumps Despite Tourism Boom
The turnover of car rental companies did not share the same fate as the tourism sector. Even though tourist arrivals increased during the last summer season, vacationers did not rush to rental cars. The activity, in fact, recorded a decline of around 15% compared to last year.
Morocco
Morocco Considers Cannabis Legalization for Medical Research and Therapy
The Tanger Appeal took place three years ago. It resulted from the International Colloquium on Cannabis and Drugs. Its participants had launched an appeal for the decriminalization of the consumption of this drug. Initiatives have since multiplied in the same direction. One of the latest is that of the Council of the Tanger-Tétouan-Al Hoceïma region, which has decided to finance a feasibility study on the exploitation of the properties of cannabis for therapeutic and pharmacological purposes.
Morocco
Agadir Restaurants Face Economic Downturn Despite Summer Tourism Boost
In Agadir , restaurateurs are recording a turnover lower than before. The reason is the slowdown in activity in the seaside tourist area.
Morocco
Morocco's Auto Sales Plummet 10% in August, Major Brands See Sharp Declines
A crisis that does not say its name: 10,231 new vehicles, all classifications combined, found buyers in August 2019. This is precisely what the statistics of the Association of Vehicle Importers in Morocco (AIVAM) reveal.