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Morocco’s 2021 draft budget to keep jobs, spur coronavirus hit economy
In accordance with Royal guidance, the government has elaborated a draft budget that provides for special measures to keep jobs, promote youth employment, generalize health insurance and reform civil service. The government, which examined the draft budget in its council, said in a statement that priority is attached to shoring up the economy through offering […]
Morocco: Pensions Fund RCAR acquires 16 million equities of Maroc Telecom
The Moroccan retirement pensions fund, Régime Collectif d’Allocation de Retraite, (RCAR) has acquired 16,229,447 shares of Maroc Telecom, which has floated 8 per cent of the company’s shares. The operation took place on June 17. RCAR with this acquisition has increased its share in the company to 5.81 per cent, the Moroccan Capital Market Authority […]
North Africa Tourism Plummets By 8 % in 2015 Due to Terrorism (WTO)
As international tourism grew by 4.4 pc in 2015 to reach a record of 1.2 billion arrivals, the number of foreign tourists dropped by 8 pc in parts of North Africa due to terrorism threats, according to latest figures released by the World Tourism Organization (WTO). Egyptian resort Sharm el-Sheikh in Egypt, where a Russian […]



