Rabat

Morocco’s King Appoints Commissions to Supervise Planned Privatizations

King Mohammed VI has appointed members of the two commissions, the “Transfer Commission” and the “Evaluation Body” that will supervise the planned privatization of a number of public institutions that will bring in some 10 billion Dirhams. The Transfer Commission includes Zouhair Chorfi, Secretary General of the Ministry of Finance; Fouzia Zaaboul, Director of the […]

Remittances by Moroccans abroad hit record $10.7 bln

Remittances by Moroccans abroad hit a record 100 billion dirhams ($10.7 bln) in 2021 compared to 70 billion dirhams in 2020, offsetting losses of the tourism sector, minister delegate in charge of investments said. Remittances have contributed to the consolidation of Morocco’s international reserves which rose to 330.4 billion dirhams ($35.7 bln), enough to cover […]

Tourism: Morocco breaks 2019 record, attracts 13.2 million tourists up to Nov

Morocco has already broken 2019 tourist arrival record with 13.2 million visitors, despite challenges to the sector from external shocks and the earthquake, tourism ministry said. Morocco is poised to attract 14 million by year’s end thanks to the resilience of the sector and the attractiveness of Morocco’s offer. “These records unveiled by the ministry […]