Tax heavens

Japanese companies explore investment opportunities in Morocco’s automotive sector

Japanese companies have launched a prospecting mission in the automotive sector in Morocco, the aim being to strengthen economic ties between Morocco and Japan. The prospecting mission, running from February 3 to 5, seeks to introduce participating Japanese companies to Morocco’s business environment and the various potential opportunities in the automotive sector. At a meeting […]

Morocco seizes over 1.6 ton of cannabis, arrests three smugglers in Zagora

The police of Zagora, Southeastern Morocco, seized on Thursday over 1.6 ton of cannabis and arrested three people involved in this drug smuggling operation. The main suspect was captured at the entrance of the city of Zagora on board a truck transporting 62 packs of cannabis weighing 1,69 ton, says a press release issued by […]

Morocco’s economy to contract by 1.8% in the second quarter

Morocco’s gross domestic product is set to recede in the second quarter by 1.8% as the coronavirus and the measures relating to it halted most of services and hit sectors that are vital to foreign currency revenues, the high commission for planning HCP said. The economy is expected to grow only by 1.1% in the […]