dana-gas

Morocco supports EU Coronavirus Global Response with €3 million

Morocco, which is one of the 15 partner countries from outside the EU of the Coronavirus Global Response campaign launched by the European Commission, has expressed full support for this global action for universal access to affordable coronavirus vaccination, treatment and testing, and made a contribution of €3 million. President of the European Commission Ursula […]

IATA supports Morocco’s airports strategy 2030 to turn country into major global aviation hub

The International Air Transport Association (IATA) has lauded Morocco’s “Airports Strategy 2030” aimed at modernizing airport infrastructure, enhancing the passenger experience, and turning the country into a major global and regional aviation hub. Aviation is a key pillar of Morocco’s economy. In 2023, aviation (including aviation-related tourism) supported856,000 jobs and contributed 7.9% ($11.2 billion) to […]

Impaired loans weigh on banks profitability in 2020

Moroccan banks’ impaired loans ratio surged to 8.6% to stand at a record 80 billion dirhams undermining Bank’s profits in 2020, the central bank said in its latest report. The rise of bad loans takes place at a context marked by the impact of the pandemic on economic activity in general and bank loans in […]