King Mohammed VI & Pope Francis

Morocco to cut fiscal deficit to 3% in 2026, thanks to higher tax revenue

Morocco expects to further cut its fiscal deficit from 4% in 2024 to 3.5% in 2025 and 3% in 2026, despite an increase in spending on social protection, Fouzi Lekjaa said. The deficit was at 7.1% when the government took office in 2021, at a context marked by a recovery from the economic impact of […]

UNWTO Executive Council meets in Marrakech, post Covid-19 challenges & soaring energy prices top agenda

The Executive Council of the World Tourism Organization (WTO) opened on Wednesday in Marrakesh a three-day meeting to discuss the post-covid 19 challenges facing tourism amid high inflation and soaring energy prices, aggravated by the Russia-Ukraine war, which triggered a global energy crisis. Over 250 representatives of UNWTO member countries, including tourism ministers, public or […]

Morocco, a very promising market for investors in post COVID-19 era

Morocco, which has taken a set of measures to deal with the coronavirus pandemic, stands out as “a very promising market with huge opportunities” for investors in the post-Covid 19 era, outlined a recently released report by the Chamber of Commerce of the Valencia region. Unlike other countries in North Africa, which are directly dependent […]