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Ryanair opens fourth Moroccan base in Tangier

A European low-cost carrier opened its fourth base in Tangier that will connect the northern city to domestic and European destinations in line with the country’s tourism strategy. The new base will help the airline to connect Tangier with 25 destinations, of which 13 are new destinations, with eight being cities within Europe and the […]

Fitch: Moroccan Banks show resilience despite Macro-economic challenges

Moroccan banks continue to show resilience despite challenging global and domestic macro-economic conditions, Fitch Ratings says in a new report focusing on the country’s seven largest banks. Banks have built up healthy provisions buffers since 2020 and are well-placed for a continued recovery in profitability in 2024 amid rising interest rates, says the rating agency. […]

S&P raises Morocco’s rating to ‘BBB-/A-3’ with stable outlook

The Standard & Poors agency has raised Morocco’s sovereign credit rating from ‘BB+/B’ to ‘BBB-/A-3’ with stable outlook thanks to the resilience shown by the country’s economy in the face of consecutive economic shocks, including the one triggered by the instability in global trade because of U.S. trade tariffs. Economic growth prospects are solid, with […]