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’s Central Bank, Bank Al-Maghrib, decided Tuesday to maintain its key interest rate unchanged at 2.25 % during the third quarterly meeting of its Board of Directors which expects a 4.3% growth in 2017. After analyzing recent economic developments and reviewing the macroeconomic forecasts, the Board deemed as “appropriate” the decision to uphold the key […]
Moroccan authorities seized 7 tons of cannabis resin, locally known as Shira, in Casablanca, the central bureau for judicial investigations (BCIJ) said. The banned substance was concealed in a truck and two cars the BCIJ said, noting that the seizure is part of efforts to fight organized crime and international drug trafficking. BCIJ said that […]
