The Moroccan government announced, on Monday, a ban on New Year’s Eve celebrations, as part of a set of measures to curb the spread of the COVID-19. Besides banning all New Year’s Eve celebrations, the measures also include banning the organization of parties and special events in hotels, restaurants, and tourist establishments. Restaurants and cafes […]
The restrictive measures to contain the Covid-19 pandemic have dealt a blow to the inflow of hard currency from the tourism business in Morocco that has been offset so far by a surge in remittances from Moroccans abroad. In the first ten months this year Morocco’s foreign exchange regulator has reported a record 80 billion […]
The European Bank for Reconstruction and Development (EBRD) announced Friday a €16 million loan to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd. The loan will allow Varroc Engineering to supply the Tangier Renault factory and the Peugeot PSA plant in Kenitra, as well […]
