Morocco’s tourism revenue up 10% in January

Morocco’s tourism continues its impressive performance with 10% increase in receipts to 8.8 billion dirhams or 880 million dollars, the foreign exchange office said. Remittances from Moroccans living abroad rose 0.5% to 950 million dollars in the first month this year. Foreign direct investments jumped 24% to 500 million dirhams, helping attenuate the country’s current […]

Morocco adds powerful U.S. rocket launchers & missiles to its military firepower

The Royal Armed Forces will receive the U.S. rocket launchers (HIMARS) and guided bombs (JSOW) that will enhance further Morocco’s military capabilities to encounter threats to its stability and regional peace. On Tuesday, the U.S. Defense Security Cooperation Agency said the State Department has approved the sale to Morocco of 18 High Mobility Artillery Rocket […]

WB Confirms IMF Forecast: Morocco’s Growth to Reach 4.6 % in 2021

Morocco’s economic growth is expected to rebound to 4.6 pc in 2021 as drought conditions ease, policy remains accommodative, and virus and vaccine trends are favorable, says the World Bank in its latest report on global economic prospects. The updated WB projections, which are taking into account various external and internal factors, confirm the International […]