Arab league

Moroccan airlines to quadruple its fleet before 2030 World Cup

Moroccan state-owned airlines RAM is speeding up its expansion as it plans to quadruple its fleet to 200 by 2030, seven years of a previously announced date. RAM will launch a tender to buy the 200 mostly medium haul airplanes by year’s end, CEO Abdelhamid Addou told Reuters at the IMF-World Bank meetings in Marrakech. […]

Morocco on way to Leave EU Tax Grey List

Morocco took a series of measures to fight tax evasion, which would eventually lead to taking the country off the EU’s so called tax haven grey list. Morocco will no longer be part of that list starting January 2020, local media La vie Eco reported, citing the multiple efforts by the country to improve financial […]

Morocco braces for deepening budget, trade deficits on back of global economic uncertainties

The surge of commodities prices and its impact on subsidized products augurs ill for the Moroccan economy which has to prepare for a deepening budget and trade deficits. The price of oil has increased from an average of $70 per barrel to $120 while wheat prices tripled, smashing a record high of $375/t as the […]