Libya Oil Terminal

When Aid Fuels Inflation: How Morocco’s Public Subsidies Can End Up in Producers’ Pockets

A proposal by the Rassemblement national des independants (RNI) to introduce a tax credit of up to 5,000 dirhams per year per child for private school fees has reignited a fundamental debate in Moroccan economic policy: when the state transfers money to consumers, does it strengthen their purchasing power or merely give producers the ability […]

Holmarcom take over of BMCI marks exit of the last French lender from Morocco’s retail banking sector

Moroccan conglomerate Holmarcom is set to deepen the shift toward local ownership in the kingdom’s banking sector with its planned acquisition of BMCI from France’s BNP Paribas, in a deal that underscores the exit of the last French bank from Morocco’s retail lending. After completion of regulatory requirements, Holmarcom plans to merge BMCI with Crédit […]

Delta Air Lines to launch Atlanta-Marrakech direct air route

Morocco reinforces its air links with the US with the launch of a direct route by Delta Air Lines linking the main hub of Atlanta with Marrakech. A deal was signed between Morocco’s tourism promotion office and the airline, which will help link Marrakech airport to a third North American airport after Montreal and New […]